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Matt Pickett - Mortgages & Protection, Southampton (2026)

07/06/2022

Product transfers are usually only spoke about at the time your remortgage is due.

A product transfer is simply just picking a new mortgage product with your existing lender. The product transfer deals you'll be offered by your existing lender tend to be exclusive deals for existing customers only, this is important to note when we compare it to remortgaging you away to a brand new lender. The product transfer process is usually preferred by most clients as it avoids any underwriting, credit checks, valuations, solicitors. Think of it like just taking out a new phone contract or upgrading with your existing network provider. A product transfer can be submitted instantly and some lenders allow you to choose when you want the new deal to start. This can even be earlier than when your current deal expires!

As a rule of thumb I always contact my clients around six months before their mortgage products comes to end, this gives us time to research deals with your existing lender or elsewhere. This gaurantees you'll get the best rate available at the time, and defends against your deal expiring, dropping onto to the standard variable rate and your monthly payments increasing.

Want to talk? Please call or message me today to arrange your FREE mortgage consultation ✅

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06/06/2022

Calling all new clients! 📣

Did you know the services we provide are free of charge?

That's right, for any new client that approaches us for help via our social media channels, we automatically offer our service on a fee FREE basis.

If you're looking to purchase a home or wanting to review your existing mortgage, it pays to get in touch!

Want to talk? Please call or message me today to arrange your FREE mortgage consultation ✅ 🏡

30/05/2022

As some of you are already are aware the Bank of England's base rate has recently increased to 1%. The base rate is the measurement used to track the rate of inflation within the UK. The base rate started to rise in 2021 with the recovery from COVID-19. You may of heard this will have an affect on your mortgage, but how, and what does it mean as a borrower?

The Government are trying to suppress rising inflation by increasing the cost to borrow money. The thought process is that if borrowing money becomes an unattractive propositon, there will be less demand for it therefore the willingness to take out loan for spending will decrease. With less spending you generally see a decline in the price for goods/services which should make day-to-day life more affordable over time.

As a mortgage borrower, the affects will most likely be felt on the below deals:

1. Tracker Rates: These mortgage products increase or decrease in line with The Bank of England base rate hence an increase to your monthly payments.

2. Standard Variable Rate (SVR): Lenders will and have started to amend the current SVR in line with the base rate, this means anyone not on a fixed rate will feel an increase to monthly payments.

3. Fixed rates: Current fixed rate holders will see no change in monthly payments.

*REMEMBER* if your current fixed rate is due to expire in the next 6 months I'd advise you to review your mortgage ASAP. Giving yourself plenty of time will ensure you can find the best product available at the time and protect youself against any further rate increases. Want to talk? Please call or message me today to arrange your FREE mortgage consultation ✅

26/05/2022

PSA - DO NOT DO THESE BEFORE OR WHILST YOUR MORTGAGE APPLICAITON IS IN PROGRESS!

1. Take out any new finance or credit agreement - Taking out new finance or credit agreements will ultimately effect how much money can be borrowed. Just because the mortgage has been submitted or offered does not mean the lender won't continue to look at your credit file. Speak to your mortgage advisor first to make sure the mortgage still meets affordability parameters!

2. Gambling - Over indulging on gambling and chasing losses won't make your lender a happy bunny. If you're spending way over the odds on gambling sites the lenders may refuse to lend, or decline any on-going application. Unfortunately there's no guidance on how much is too much, but as a rule of thumb just keep the gambling to a minimum.

3. Missed payments - As previously mentioned lenders will continue to credit check you througout the mortgage application process. If you start missing or making late payments on credit agreements, credit cards, phone bills etc this ultimately could result in a decline.

Want to talk? Please call or message me today to arrange your FREE mortgage consultation ✅

24/05/2022

Luckily for me no lender is off limits, I have access to the whole of the UK mortgage market! We even have access to broker exclusive products, which are usually better deals than the banks and building societies will offer you directy. Cool right?

When you speak to a mortgage brokerage some advisors may say that they're either "whole of market" or that they use a "panel" of approved providers.

"Panel" advisors only have access to a limited amount of products which ultimately limits your options, especially if your situation is a little tricky!

Using an advisor like myself who has access to the whole of market ensures it's highly likely a mortgage option will be found and can potentially save you a lot of money.

Want to talk? Please call or message me today to arrange your FREE mortgage consultation ✅

19/05/2022

HERE'S SOME OF MY TOP TIPS FOR FIRST TIME BUYERS

1. Check your credit files! - Your credit file reflects how trust worthy of a borrower you are. Obviously when lending you large sums of money, this is very important to your perpective mortgage providers. Make sure you're keeping up with payments on your credit commitments, keeping credit card utilisation low is a must.

2. Register your interest - I feel this is one of the most forgetten about parts of the home buying process. Whether you want to buy a new build, or property from the second hand market its key to register your interest to buy with developers or local estate agents. The housing market is extremely competitive at the moment so registering your interest can ensure you're getting your foot through the door first. I've seen instances where properties can be offered to perspective buyers before even being advertised on Rightmove, Zoopla etc... REMEMBER "if you're not first you're last" [Ricky Bobby 2006]

3. Speak to mortgage advisor - This one should be self explanatory (I hope). The key takeaways here are that before you start making any offers on properties, speak to an advisor to work out how much you can borrow and what deposit you will need. During the process we'll be advising you on the home-buying process and and explaining your mortgage options in more detail. Most estate agents/developers will require you to evidence that you've been financially qualified before stepping through the door. This is something I can help with of course.

If anyone has any questions, please don't hesitate to send me a DM.

Want to talk? Please call or message me today to arrange your FREE mortgage consultation ✅

28/04/2022

Yes you can!

Mortgage lenders understand that having children is a part of normal life and they don't penalise you for it.

If you're applying whilst on maternity leave there's just a few additional requirements the underwriters will need to prove your income for affordability.

1. Latest payslip prior to going on maternity leave
2. Letter from your employer confirming your return date and the salary you'll be returning on.

Whatever salary you'll be returning to work on will be the income that can be used to determine your overall affordability.

Want to talk? Please call or message me today to arrange your FREE mortgage consultation ✅

*YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE*

19/04/2022

There can be alot of confusion these days around what income a lender will be assessing if you're self-employed.

This does vary depending on the type of self-employment, but here's some basic infomation to help you get mortgage ready.

1. SOLE TRADERS - Show us your net profits

2. PARTNERSHIPS - Show us the share of your net profits

3. LIMITED COMPANY DIRECTORS - Show us your salary + dividens

Consinstency is key if you want access to a wider range of mortgage deals. The lenders want to see that your income is sustainable, so having large dips in profits or salary could raise some eyebrows. Not to worry, everyones situation is diferent and blips are perfectly explainable.

Want to talk? Please call or message me today to arrange your FREE mortgage consultation ✅

*YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE*

14/04/2022

Listen up first time buyers! 📣

Recently one of the lenders I work closely with has announced a new mortgage product that's broken the barriers of how much can be borrowed.

From today we now have access to a 6X income multiple product. Borrowing 6X your income is an absolute game changer and can give you the extra boost you need to buy the house you always dreamt of. The minimum requirements ot have access to this is that you must have an acceptable (clean) credit profile and a 5% deposit for the property you'd like to purchase.

How does it work:
With this product you just need to decide how long you would like to take your mortgage over, which can start from 11 years all the way up to 40 years (age dependent). The mortgage interest rate you'll be offered will be fixed for this amount of time - and that doesn't change for the lifetime of the mortgage. You'll never have to worry about fluctuating interest rates or remortgaging. The product will give you the peace of mind how much you need to set aside each month from the first day you move in, until the day you pay the mortgage off.

You'll be suprised how many people assume buying their first home is so far out of reach, speaking with an advisor might just uncover that you're closer than you think.

Want to talk? Please call or message me today to arrange your FREE mortgage consultation ✅

*YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE*

Matt Pickett - Mortgages & Protection

07/06/2022

06/06/2022

30/05/2022

26/05/2022

24/05/2022

19/05/2022

28/04/2022

19/04/2022

14/04/2022

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