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What Credit Crunch - says Sterling

Created on 17/02/2011 @ 11:09
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 A local firm from Welshpool offering independent mortgage advice claim to be well placed to cope with these difficult financial times.

Proud sponsor of My Welshpool, Sterling Mortgage Specialists, have been operating as mortgage advisers since the 1980’s.

"The credit crunch means mortgage lenders are tightening their belts and mortgage deals are becoming harder to find - or does it," siad Partner, Ross Bevan, explaining why getting a mortgage might not be as difficult as you think.

“People assume getting a mortgage is impossible these days. Fortunately for many of borrowers, they are quite mistaken. Obtaining a mortgage today is not impossible at all. In fact, for many people it is not even that hard," he said.

"The reality is that if you've got a good credit history, a permanent job and a deposit of around 10% (or that amount of equity in your home), then getting a mortgage today is not a problem. It's become a myth that lenders have closed their doors to borrowers.

"The people that will struggle to get a mortgage deal now however, are those with smaller deposits (or equity) typically below 10%. Also struggling will be those people with poor credit histories or people who, for whatever reason, are deemed 'high risk'. But it’s still worth contacting us and reviewing regardless of your situation.”

Whether it’s a residential purchase or remortgage, Buy to Let or Commercial, Sterling Mortgage Specialists are certain they can find their customers the best deal. With it widely commented that interest rates will increase at some point this year, it is more important than ever to sit down with a qualified mortgage adviser to discuss your situation.

Contact Sterling Mortgage Specialists today on 01938 553770, quoting ‘MyWelshpool’ for a free review.

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