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Monday 9am - 7pm Tuesday 9am - 7pm Wednesday 9am - 7pm Thursday 9am - 7pm Friday 9am - 7pm Saturday 9am - 2pm

Barker Mortgage Solutions

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United Kingdom
Colchester
Barker Mortgage Solutions

Here to find you the best mortgages on the market... We here at Barker Mortgage Solutions are a husband and wife team based in Colchester, Essex.

We pride ourselves on finding the best mortgage and protection solutions tailored to your individual needs and by having access to whole of market means we are able to source the best deal suited to you. Dom has gained over 10 years experience working for a large corporate in the mortgage industry which equipped him with an in-depth insight into a wide range of customer requirements and personal c

ircumstances - from first time buyers to existing home owners, and more complex cases such as adverse credit, self employed income and debt consolidation - he's seen it all. Dom truly understands the importance of spending quality time getting to know his clients and delivering a personable service which simplifies the process for our customers from start to finish. His drive and vision to deliver an elevated service for his clients led to the launch of Barker Mortgage Solutions Limited. Liz is responsible for all things finance, marketing, and administration. Liz also has a financial background having trained and qualified as a chartered certified accountant in 2015. She has well over a decades experience in her sector which has developed and honed an important skill - the ability to deliver a simple and hassle-free experience for her customers and demystifying complex industry jargon by putting it into layman's terms. This has been carried through to Barker Mortgage Solutions, and is embedded in the foundation of the company - a commitment and promise to our clients that not only will we provide straightforward advice and solutions for your individual circumstances and needs, but we will provide you with the support and understanding you deserve throughout the process.

14/11/2023

Life cover and your mortgage – hand in hand

One of the financial responsibilities of homeownership is to protect yourself and your family. Life insurance and your mortgage are inseparable companions.

Life insurance provides a safety net. A payout can pay off the remaining mortgage balance, ensuring that your loved ones can stay in their home without the burden of mortgage payments.

Knowing that your family will have a roof over their heads brings invaluable peace of mind, ensuring that your home remains a place of security and comfort.

Premiums can be surprisingly affordable, especially when you’re younger and healthier. Securing a policy early on means you can get a lower rate and possibly make cost savings over the life of your loan.

There is a choice of options, term; whole life; and critical illness cover. Tailoring your policy to your specific needs and budget is a smart financial move.

*As with all insurance policies, conditions and exclusions will apply. Your home may be repossessed if you do not keep up repayments on your mortgage.

13/11/2023

Our favourite kind of post, and our favourite way to start the week... and that's with another 5⭐ TrustPilot review!

Thank you for the wonderful feedback. Have a great week everyone!

12/11/2023

At the going down of the sun, and in the morning, we will remember them.

06/11/2023

Research* has shown that online searches for the phrase ‘when will mortgage rates drop?’ surged from practically zero a year ago, to almost 7,000 during June and July this year, as worry clearly dominates for UK mortgage holders.

Hopes that rates have peaked heightened in September. After 14 consecutive meetings where rates were increased, good news came when the Bank of England’s Monetary Policy Committee voted to retain Bank Rate at 5.25% at its latest meeting.

In what has been a challenging time for mortgage holders, particularly those with a fixed rate coming to end, keeping track of available mortgage deals is hard as lenders alter their offerings. For advice on aspect of your mortgage, please get in touch.

*Standard Life, 2023

**Your home may be repossessed if you do not keep up repayments on your mortgage

30/10/2023

There’s a lot to think about when gifting money towards a deposit. We’re here to talk things through and help you choose the best option for your circumstances.

Siblings helping with FTB deposits

Family support has long been a crucial means for many first-time buyers (FTBs) to get a foot on the property ladder. In challenging economic conditions, research 1 has revealed that the traditional Bank of Mum and Dad (BOMAD) is being supplemented by a growing number of sibling supporters.

Family affair

While most discussion around FTBs invariably considers parental support, siblings now make up a record 11% of donations towards FTB deposits, a share that has risen from 5% just five years ago. On average, siblings contribute £10,250 towards a deposit, making them more generous than the average gift received from grandparents (£10,000). Aunts and uncles contribute less frequently (4%) but generally give higher amounts (£15,000).

Support network

The number of FTBs drawing on family support has risen in recent years. In total, some 32% of mortgaged FTBs have been boosted by family contributions so far this year (up from 30% in 2022). Of those who received support, some 35% were able to raise a deposit of at
least 20%, twice as many as those buying without family backing. On average, a family-backed buyer paid £6,500 more than those going it alone. Aneisha Beveridge, Head of Research at Hamptons, noted the significance of the family support, commenting, “Should interest rates stay higher for longer, it will exacerbate the gap between what those with and without family help can afford.”

BOMAD still in business. Although more siblings are chipping in, parents are still by far the main financial backers, providing 72% of family support, with grandparents comprising 8%.

Think it through. Helping a family member to get a property can be a hugely rewarding way to use your money. But for anyone considering offering support to a family member – it is crucial to think about how the gift will affect both you and the receiver. Speak to us to find out more.

**Your home may be repossessed if you do not keep up repayments on
your mortgage**

1 Hamptons, 2023

06/10/2023

Another 5⭐ TrustPilot review! We're so grateful to our clients who take the time to leave us such lovely feedback.

We've been a little quiet this week as its been a busy one, we're certainly not complaining!

A great way to end the week before commencing birthday celebrations tomorrow. Have a great weekend all!

28/09/2023

At Barker Mortgage Solutions, we want to make sure we surpass our customers expectations. With that said, we are happy to have appointments in-person, on the phone or via a video call – just let us know what works best for you!

Give us a call or make an enquiry through our website today

T: 01206 645092
W: www.barkermortgagesolutions.com

*Your home may be repossessed if you do not keep up repayments on your mortgage.

25/09/2023

Yes, you can! Having student debt is very common and does not disqualify you from getting a mortgage. Lenders consider multiple factors when assessing eligibility, including your debt to income ratio. While high levels of debt can impact your ability to borrow, sensible management of your student loan debt and a stable income can qualify you for a mortgage.

22/09/2023

Bank of England FREEZES the base rate for the first time since 2021, which keeps the base rate unchanged at 5.25%.

We are looking forward to seeing what this means for lender's interest rates, we'll be keeping a close eye 👀

19/09/2023

Whilst having a good credit score can increase your chance of getting approved for a mortgage and securing a better interest rate, it’s not necessary to have a perfect credit score. Many lenders offer mortgage options for individuals with varying credit scores. However, a lower credit score may result in higher interest rates.

14/09/2023

While paying off your mortgage early can provide peace of mind, financial security and save interest payments, it’s not always the best strategy especially with interest rates as they are. It’s really important to look at the overall picture and consider other investment options.

If you’re lucky enough to be fixed on a low interest rate mortgage, then you may well be better off investing your money in higher-return saving accounts or increasing pension contributions as an example.

In addition, paying off your mortgage early ties up your money which could be used for other financial goals and emergencies.

13/09/2023

What is a fixed rate mortgage?

If your mortgage rate is due to expire within the next 6 months then book a no obligation appointment with us today and we can secure you the best mortgage rate on the market.

T: 01206 645092
W: ww.barkermortgagesolutions.com

*Your home may be repossessed if you do not keep up with your mortgage repayments.

Address

12 Butterfly Trail
Colchester
CO30AL

Opening Hours

Monday	9am - 7pm
Tuesday	9am - 7pm
Wednesday	9am - 7pm
Thursday	9am - 7pm
Friday	9am - 7pm
Saturday	9am - 2pm

Telephone

+441206645092

Website

http://barkermortgagesolutions.com/

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