Daniel Cottam Mortgage Advisor
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Daniel Cottam Mortgage Advisor Daniel is a fully qualified Mortgage Adviser who is based in Four Oaks, Sutton Coldfield, where he lives with his partner and two young children. Daniel believes the key to success is building good honest relationships with his clients. He always put the clients needs first and applies his golden rule; 'What would I advise my family to do?'. This approach has helped Daniel to build a fantastic reputation for himself, where most of his business comes from word of mouth recommendations.

Proactive contact so that you can stay informed of any changes that may affect your personal situation. Daniel looks forward to building a professional and valued relationship with you in the future.
Highlights

read more › Your lifestyle and how much you spend each month can now be heavily scrutinised by lenders when assessing whether or not you are eligible for a mortgage, and furthermore, how much they will be able to borrow. First of all, it is strongly recommend that you calculate your living costs and compare that against how much income you have. Set up a spreadsheet with income and outgoings and establish how much disposable income you have left each month, and how much you could comfortably afford to pay towards your mortgage.

read more › Buying a home for the first time can be a daunting prospect. There's so many things to think about - and that's before you've even considered the many mortgage products, rates and lenders to choose from. Budget accurately: Be realistic about how much you can afford to spend on a house, and ensure the intended mortgage is affordable. Don't forget to allow for furnishings, and remember older properties may require extensive work, such as re-flooring, tiling or renewing the wiring. Make sure you budget for these likely expenses in addition to the purchase price, along with other fees such as conveyancing and stamp duty.

read more › Any initial meeting is at our own cost, any future fees will be discussed during our initial consultation. Remortgaging means switching your mortgage to another deal - often with a different lender. Most people switch mortgages because it will work out cheaper for them. For example, the introductory discounted interest rate may have finished with your current lender, and you might get a discount, or a lower APR, with another lender. It is worth noting that a remortgage isn't always the best option.

read more › These types of mortgages are designed for property investors and private landlords, who do not intend to live in the purchased property. Buying additional property for the purpose of letting it to earn rental income can be risky and complicated since there is no guarantee that house prices will rise nor that rental income will be uninterrupted. That said, letting a second property to tenants could return respectable financial rewards over the longer term, but it's important to properly consider the risks, as well as rewards, involved in 'Buy to Let' first.

read more › An offset mortgage enables you to use your savings to reduce your mortgage balance and the interest you pay on it. For example, if you borrowed 200,000, but had 50,000 in savings, you would only be paying interest on 150,000. Offset mortgages are generally more expensive than standard deals, but can reduce your monthly payments, whilst still giving you access to savings. This article (Offset Mortgages) is intended to provide a general appreciation of the topic and it is not advice.

read more › Life Insurance (sometimes known as Life Assurance) helps provide financial security for people who depend on you, should you die. Although money can't replace a loved one, it can help those left behind to weather the financial storm. For example, it could pay off the mortgage or provide an income to help cover regular household expenditure. Payment Protection Insurance and Short Term Income Protection Insurance can provide a monthly income to help cover your regular outgoings if you can't work due to an accident, illness/injury or, often as an optional extra, unemployment.

read more › If you are buying or selling a property you are going to have to pay for a solicitor to the the legal transfers. Getting good value for money can be difficult and the prices can vary dramatically. Like anything else in life it comes down to a balance between getting a good service and paying the right price for it.

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