Buying or selling a property, whether for the first time or as an experienced bidder, can be incredibly complicated. How much you can afford to borrow, what sort of mortgage to get or what the best deals are for less conventional circumstances - the list is endless.
Luckily, Keiran Dunne, financial planner at Ryley Wealth Management, is well versed in helping people with their mortgages, whether they are first time buyers, seeking a remortgage or are seasoned bidders.
You might not know that earlier in the year, we officially launched our mortgages advice offer. This means that whether you’re an existing client of Ryley Wealth Management or not, we can help you and your family in their search for property.
What people prioritise differs according to their circumstances, so it’s a really varied division! For example, first time buyers don’t tend to know much about the process of buying at all, and are often quite nervous about how much they can afford each month, what they need to save for a deposit and what their budget for offers should be. That is completely natural and I believe it’s one of the things we’re best at - holding our clients’ hands throughout the process, from start to finish.
One such example is a young couple who recently had a baby. When they came to us, the mum was just about to go on maternity leave so, understandably, was concerned that lenders may consider her monthly income as too low to qualify. Obviously a significant part of their desire to buy was the ability to live in a bigger house to accommodate their growing family, and with a little help from us - we found them a mortgage which enabled them to do just that.
We’re also arranging a lot of remortgages for people in their 40s and 50s, and what these people look for is often a million miles away than for those getting their first steps on the ladder. One lady we worked with wanted to remortgage to borrow funds for her debts. We saved enough money on her monthly mortgage repayments so she was able to pay off what she owed elsewhere. As you can imagine, the desire to save with mortgage deals that have lapsed or inflated is a huge pull for people.
There are also some more unusual or less common reasons people come to us. Home improvements or financing a new car can sometimes prompt people to look at their cash flow. Individuals looking for buy-to-let options as investments for their retirement can also require professional advice, especially if it’s uncharted territory.
Looking ahead, I’m confident the property market will remain steady. People are still purchasing and prices are not extortionate - particularly for first time buyers with the abolition of stamp duty under £300k applicable to them. I also expect remortgages to remain popular as more and more people seek to be deal-savvy.
At Ryley Wealth Management, our ethos has always been managing protecting and growing our clients’ wealth for every generation of their family, so diversifying into mortgages - arguably one of the most common types of lending and investment - was a natural evolution.
So, if you or a member of your family is thinking about their next property move, contact me on
07342 081 099 or by email at firstname.lastname@example.org, I’d be happy to help!
We offer a comprehensive range of mortgages from across the market, which lenders make available to mortgage intermediaries.