Mortgage Broker Worthing
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Looking for a moving house mortgage can be a daunting task, that’s why here at Your Certified Expert our friendly team are happy to answer any questions you may have.
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All you need to know about mortgages in Worthing:
All you need to know about mortgages in Worthing:
When considering a mortgage in Worthing, it’s important to understand both the local housing market and general mortgage requirements. Here’s what you need to know:
Worthing Housing Market
- Property Prices: As of late 2023, the average property price in Worthing is around £350,000. Prices can vary based on location, property type, and proximity to the coast.
- Types of Properties: Worthing offers a mix of Victorian and Edwardian houses, modern apartments, and new builds.
Types of Mortgages
- Fixed-Rate Mortgages: Provide stability with fixed payments over a set term, ideal for predictable budgeting.
- Variable-Rate Mortgages: Payments fluctuate with changes in interest rates, including tracker mortgages linked to the Bank of England base rate.
- Interest-Only Mortgages: Pay only the interest each month, with the principal due at the end. Less common and riskier.
- Buy-to-Let Mortgages: For purchasing rental properties, often requiring a larger deposit and specific criteria.
Legal and Additional Costs
- Legal Fees: You’ll need a solicitor or conveyancer to handle the legal aspects of purchasing a property.
- Valuation Fees: Lenders require a property valuation to ensure it’s worth the amount you’re borrowing.
- Stamp Duty: Based on the property price, you may need to pay Stamp Duty Land Tax. First-time buyers may be eligible for relief or exemptions.
Local Property Trends
- Popular Areas: Consider neighborhoods like the town center, West Worthing, and Goring, each with different characteristics and price points.
- Investment Potential: Worthing’s coastal location and growing economy make it an attractive area for property investment.
- Town Centre – Central location with access to shops, restaurants, and transport links.
- West Worthing – Known for its residential charm and proximity to the seafront.
- Goring-by-Sea – Offers a quieter, suburban feel with good local amenities and beaches.
- Broadwater – Features a mix of traditional and modern housing with local services.
- Findon – A picturesque village on the outskirts, offering a more rural atmosphere.
- Durrington – Provides a range of housing options and good access to schools and parks.
- East Worthing – Known for its more affordable housing and community feel.
- Tarring – Offers a blend of historic and modern properties with local conveniences.
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Office
4 Royal Crescent Second and Third Floor, Cheltenham
Contact
Open Hours
Monday & Saturday: 8am — 6pm
Sunday: 11am — 4pm