UK Mortgage Expert: The Key Things You Need To Know

Video Description

We get loads of questions about mortgages so we thought we’d ask an expert, Anthony Emmerson, Director at mortgage broker Trinity Financial. Whether you’re getting a mortgage for the first time or looking to remortgage, what should you look out for? 🏡 Want help from Anthony with your mortgage? Email: [email protected] Website: https://www.trinityfinancialgroup.co.uk/ 🎉Sponsors Vanta - Get your company secure and compliant, with $1k off: https://vanta.com/makingmoney Tide - Get 4.33% AER Variable for your business account: https://tide.co/offers/makingmoneyq1 MoneyWeek - Get 6 editions of quality financial journalism for free: https://moneyweek.com/makingmoney ✉️ Get a summary of this episode through our newsletter: Sign up: https://makingmoney.email/S5E5 If you purchase a product or service using one of these links (including Anthony’s firm Trinity Financial), we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. Disclaimer: This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life. Chapters: 00:00 - Intro 00:19 - What is the most common mistake first-time buyers make? 02:57 - What are the lenders’ criteria? 04:59 - How to get the best deal if you are self-employed 07:12 - What can stop you getting a mortgage? 09:20 - How to pick a good mortgage broker 12:04 - Tide ad 13:04 - The problems with a 99% mortgage 18:50 - Capital repayment vs Interest only mortgage 24:22 - How long should you lock in your mortgage for? 31:29 - Vanta ad 32:24 - Why don’t we have 30 year fixed rate mortgages? 35:23 - Why the Bank of England doesn’t control the interest rate you get 37:35 - What to do if you are coming off a fixed-rate mortgage 41:44 - Should you change your mortgage lender? 45:55 - How to get the deposit you need? 49:52 - What is the average age of a first-time buyer 50:36 - Predictions for the property market 53:10 - Sign up to our newsletter