Welcome to The Mortgage Company: Your Trusted Mortgage Brokers in Bristol

Supporting you on your home buying or re-mortgage journey

Trusted Mortgage Solutions Tailored to Your Needs in Bristol

We are a small mortgage broker team dedicated to our clients. We work with first time buyers and seasoned landlords, home movers and holiday home owners, re-mortgagers and those wanting to check their existing lender's offering. The most important element for us is research. We find out about you, your current position, your income and outgoings & anything individual to you that we may need to consider as your mortgage broker. We know which lenders will accept all manner of criteria points, because we recognise that everybody is different and it's important that we find you the most suitable match.

I have never known a company (even in general) to take such time and care to get the best for their customer and to be so proactive and helpful for such a significant period of time. I will recommend this company to anyone who needs to organise a mortgage and I will forever be grateful to Finola for what she did for me in order to own my own home.

Rebecca, Google

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See what our clients say about The Mortgage Company Bristol

Insights from A Bristol Mortgage Broker

Mortgage Broker FAQs

Is it worth paying for mortgage brokers?

A mortgage is one of the biggest financial commitments, if not the biggest financial commitment you could make. To work with a mortgage broker not only provides you with peace of mind that somebody is sourcing the most suitable mortgage for you, but it also takes the pressure, time and effort off of you. This is even more important when purchasing, since buying a house and managing communication with an estate agent and solicitor is time consuming enough, so in our opinion having a mortgage broker to support with the mortgage can be invaluable.

Is it good to talk to a mortgage broker?

It can be good to talk to a mortgage broker as a mortgage broker can support in so many ways for your purchase and re-mortgage. As our lives grow more and more hectic, speaking with a mortgage broker can take a huge weight off your shoulders and allows you to get on with your day knowing that a qualified mortgage broker is sourcing you the most suitable mortgage deal for you. They can also help you understand how much you could afford to borrow, how much the monthly payments are, and they can answer any questions that you may have along the journey.

Is it better to use mortgage brokers or a bank?

It can be better to use a mortgage broker over a bank, since a mortgage broker has access to lots of mortgage lenders and building societies, including the top high street banks. You can visit your bank directly, however you will be limited to the mortgage products available directly with that bank. They are not in a position to discuss other mortgage products with you, so you will see a limited view of options. A mortgage broker can compare options available across many of the high street banks, as well as the smaller building societies or specialist lenders. You don't need to have your mortgage with the same bank that you do your everyday banking with.

Are mortgages more expensive through a broker?

An independent mortgage broker will have access to a comprehensive amount of mortgage lenders and building societies. This means that they are able to compare all of the mortgage lenders and mortgage products against each other, carry out any research on your criteria needs, and source the most cost effective mortgage product for you. There may be a mortgage broker application fee to pay, however the mortgage products that they are able to source can sometimes be "broker exclusive", providing potential cost savings for you. Mortgage brokers are also informed of upcoming mortgage product changes, so you can be better informed about any potential rate increases or decreases, and take advantage of securing a rate as soon as possible via your mortgage broker.

What is a first-time buyer in Bristol?

A first-time buyer in Bristol is someone who is purchasing their first property in the Bristol area. This can be a house or a flat, and it can be for personal use or as an investment.

What happened to the Help to Buy scheme in Bristol?

The Help to Buy: equity loan scheme in Bristol was a government initiative designed to help first-time buyers and existing homeowners purchase a property with as little as 5% deposit. The Help to Buy equity loan scheme closed to new applications on Monday 31st October 2022, with the scheme officially coming to an end on Friday 31st March 2023. First time buyers are waiting to see whether any other similar schemes are going to be available, however at this moment the Help to Buy Equity Loan scheme is closed.

How can I apply for a mortgage as a first-time buyer in Bristol?

At The Mortgage Company, we can guide you through the process of applying for a mortgage as a first-time buyer in Bristol. We work with a huge pool of lenders to find the most suitable deal for you.

What are the benefits of being a first-time buyer in Bristol?

First-time buyers in Bristol can benefit from paying lower stamp duty. If you’re a first time buyer in England or Northern Ireland, you will pay no Stamp Duty on properties worth up to £425,000. For properties costing up to £625,000, you will pay no Stamp Duty on the first £425,000. You'll then pay Stamp Duty at the relevant rate of 5% on the remaining amount, up to £200,000. (Correct as of December 2023).

How does the mortgage process work for first-time buyers in Bristol?

The mortgage process for first-time buyers in Bristol involves assessing your financial situation, finding a suitable property, making an offer, and completing the mortgage application process. It is also useful to download and understand your full credit report.

How much deposit do I need as a first-time buyer in Bristol?

The amount of deposit you need as a first-time buyer in Bristol can vary, but it's typically around 5-10% of the property price. There are lenders who can consider up to a 100% mortgage which was announced in 2023, however the interest rate for this type of product is likely to be higher.

What is the average house price for a first-time buyer in Bristol?

The average house price for a first-time buyer in Bristol can vary depending on the area and type of property. It's best to research current market conditions or speak to a mortgage advisor for the most accurate information.

Are mortgage brokers in Bristol helpful as a first-time buyer?

Yes, using a mortgage broker like The Mortgage Company can be beneficial for first-time buyers in Bristol. We can provide expert advice and help you find the most suitable and cost effective mortgage deal.

Get in touch

You can find us at Berkeley Square in Bristol:
17-18 Berkeley Square, Bristol, BS8 1HB

We are available for appointments at our offices, telephone & video appointments, WhatsApp & via email.

01179 856 856

07552 469 162

hello@themortgagecompany.uk

Trusted Mortgage Brokers for your various mortgage needs in Bristol

First Time Buyers & Home Movers

An incredibly important stage in your life; we are the helping hand to support you from offer accepted to putting your new keys in the lock. We will research the market, find a suitable mortgage lender, chase said lender, refer you to a solicitor, speak with the estate agent - basically, we make your next step as smooth and stress free as possible. A mortgage is secured on your home, your home may be repossessed if you do not keep up repayments on your mortgage.

Buy to Let mortgage

Buying or re-mortgaging in your personal name or Limited Company, financing a House of Multiple Occupation (HMO), housing DSS tenants, a corporate let or a holiday let; we have a comprehensive knowledge in the field, including personal experience of the Buy to Let market. The Financial Conduct Authority does not regulate some forms of Buy to Let. Your property may be repossessed if you do not keep up repayments on your mortgage.

Re-mortgaging

There are many reasons you may wish to re-mortgage; primarily to ensure you are on a competitive interest rate & keeping those monthly payments down. You may choose to borrow more money against your home or Buy to Let, for various reasons from home improvements to debt consolidation. Your home may be repossessed if you do not keep up repayments on your mortgage. The Financial Conduct Authority does not regulate some forms of Buy to Let. Your property may be repossessed if you do not keep up repayments on your mortgage.

Commercial & Semi-Commercial

We work side by side with one of the specialists in the industry of Commercial and Semi-commercial mortgages, Omega Commercial Solutions. If you have a property you are not sure you can finance, or a business plan you would love to see through, get in touch & we will speak with the Commercial team for you & provide you with terms (this service is offered by referral to a third party). The Financial Conduct Authority does not regulate Commercial Finance.

Book an Appointment

Schedule your free 30 minute discovery call now

At The Mortgage Company, we have access to an intermediary mortgage sourcing system, enabling us to source various mortgage products across a comprehensive amount of mortgage lenders. We can carry out the research and full mortgage application process for you, leaving you to get on with your life!

Let us take the hard work and any stress out of the mortgage process for you.

If you would like an informal chat with us at The Mortgage Company, please reach out using the below contact form, email us at hello@themortgagecompany.uk, or call us on 01179 856 856.

There may be a fee payable for mortgage advice. The precise fee depends on your own circumstances and ranges between £295.00 - £499.00 payable on application.