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01206 879559

info@rb-financial.com

19a London Road, Colchester, CO3 0NH

 

Buying a Home

Are you looking to buy a new home?

Moving home is one of the most stressful and overwhelming life decisions someone can make. Whether you’re purchasing your first home as a first-time buyer or upgrading to a larger second home, finding the right mortgage solution within your specified time frame is extremely important. Our Colchester-based team of expert mortgage advisors can help you find a mortgage option that is right for you, and will inform you of the following: 

  • How much you can afford to borrow
  • The best options from a comprehensive range of lenders across the market. 
  • How much your monthly mortgage payments will be. 
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Impartial Mortgage Advice

When searching for a mortgage in Colchester, it’s easy to revert to your existing lender. Whether that’s due to being unsure of other mortgage products or simply not having the time to search, remaining with your current mortgage provider might be costly in the long run if better deals are available. That’s why our mortgage advisers, based in Colchester, offer impartial advice and search a comprehensive range of lenders to help you source better finance options. We understand mortgages are complex and expensive, and we want to help you secure a better mortgage for your new home and potentially save you money if better rates are available.

Call our team directly on: 01206 879559

Or alternatively: 

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

Our simple step-by-step process.

Our team understands the complexity in buying a home, and the stress it can cause when you need to secure a mortgage before exchanging contracts or needing a mortgage in principle decision to strengthen an offer. At RB Financial, we make the process of sourcing a suitable mortgage easy with our simple step-by-step guide. Which follows:

  • Initial consultation to discuss needs and budget
  • Searching multiple lenders to find the right fit
  • Presenting mortgage options with clear explanations
  • Supporting you through the application to completion
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Testimonials

  • “I cannot recommend RB Financial enough. Rishi is so approachable and nothing is too much. He really goes above and beyond. There is no stupid questions and he is always there on hand. He is very knowledgeable and really does take some of the stress out of moving! This is my second time using Rishi’s services, I definitely won’t be going anywhere else. 10/10 communication.”

    Dielle Milles

  • “Rishi and the team have been so helpful throughout the whole process of advising on our new mortgage. They answered all our questions so quickly and I would not hesitate to recommend them for any financial advice that you need”.

    William Hunt

  • "A professional and friendly service. Rishi will always find a solution no matter how impossible it seems. Would highly recommend!"

    A McPhail

  • "I have received excellent service and support from day one. I felt that I could ask any questions without hesitation. Follow up to emails and phone calls was always immediate and I couldn't have asked for a more caring and efficient service. Highly recommended"

    V Brant

Why choose RB Financial

At RB Financial, we’ve been helping Colchester homeowners secure mortgage offers with straightforward and impartial advice and guidance since 2016. Whether you’re a first-time buyer or looking to buy a second home, our team works tirelessly to ensure a smooth process, making your journey into buying a home efficient and stress-free.

Mortgage Services

Two people doing a high five at a desk
Buying a Home

Find the right mortgage solution for you.

Two people looking at a laptop together in home setting
First-time Buyer

Everything you need to know about purchasing your first home.

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Remortgage

Experts at sourcing the right deal for you.

Let by signs on a street
Buy to Let

First-hand knowledge of the Buy to Let market

Frequently asked questions

How much deposit do I need for a mortgage?

Typically, you will need at least 5% of the property's value for your mortgage. However, the most common amount is 10%, which can offer more mortgage options for you. The larger deposit you can put down for a mortgage, the lower monthly repayments you will have to make. 

What salary do I need to qualify for a mortgage?

There is no minimum salary amount that will qualify you for a mortgage. Your mortgage provider, however, will carry out an affordability assessment that considers all of your financial matters. Generally, lenders will use your income and multiply it by between 3 and 4.5, depending on the lender, but will also take into account the credit you have elsewhere, such as loans, car finance or other mortgages, to determine your affordability 

 

If you're unsure whether you can afford a mortgage, our team are on hand to explain and offer guidance on how lenders assess affordability.

How long does it take to get a mortgage offer?

A formal mortgage offer can take anywhere between 2 and 6 weeks after submitting your full application. However, it's important to note that this can vary based on several factors, such as lender workload, your financial situation's complexity, and how quickly you provide all the requested documents.

Why should I use a mortgage adviser instead of going directly to my bank?

If you speak to a bank about their mortgage offers, they are only going to highlight their own products, which might not be right for your situation. When speaking to one of our mortgage advisors, we are able to search the comprehensive range of lenders across the market, but not deals that you can only obtain by going direct to a lender. However, we can find broker exclusive mortgage deals, some of which may not get when you go directly to the lender. This gives you a better chance of finding a mortgage product that is right and more affordable for you.