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Ellis James Financial

2021 Top Rated Mortgage Adviser

The mortgage market can be confusing, with so many products to choose from. Your adviser will take the confusion out of mortgages and present impartial options, allowing you to easily make sense of what is available.

Mortgages in Bristol

How much deposit do I need to buy a house in Bristol?

Currently, a 5% deposit would be the starting point when looking for a house, but a larger deposit would open up the number of lenders able and willing to lend money through a mortgage. 

What is the maximum buy-to-let mortgage I can get?

What qualifies you as a first-time buyer?

You qualify as a first-time buyer if you have never owned residential property before. If that is you, then you will be eligible to apply for a first-time buyer mortgage. 

The maximum that you can borrow will be linked to the rental income you will receive on the rental property. You will likely need at least a 20% deposit and have a minimum income of £25,000 per year.

Is remortgaging a good idea?

If you get a better interest rate, you can reduce your mortgage payments or shorten the mortgage term to pay off your mortgage debt earlier than planned. 

How much do I need to earn to get a mortgage of £200,000?

The majority of mortgage lenders would consider lending up to 4.5 times your annual salary. Based on this, you would need to earn at least £44,445 per year. Mortgage lenders will also check your affordability, considering any loans and credit cards that you hold. 

Popular  Mortgage Questions

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Reviews and Ratings for Financial adviser James Coghlan, Bristol
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James Coghlan - Ellis James Financial 0117 435 3040

James Coghlan

Adviser & Founder

"At Ellis James Financial, we understand our customers, know our market, and know the industry."

Your Home (or property) may be repossessed if you do not keep up repayments on your mortgage.

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