Mortgage Broker In Bath

Frequently Asked Questions

• Why should Bath buyers use Crescent Mortgages?

  Kye Collier and Daniel Pitman set up Crescent Mortgages with one goal: to help people find the right mortgage for them.

  Working locally for larger firms, they could see that some people needed the personal touch that local businesses can provide, so they combined their years of experience to set up in the Glove Factory, just a few miles from Bath.

  If you get help buying through Crescent Mortgages, you’re not only going to get local guides with great knowledge of Bath and the surrounding areas, but we don’t charge a broker fee either.

  Some advisers expect a fee for helping you get the mortgage, and get paid again from the lender when the mortgage deal goes through.

  They know that buying a property in Bath is a more expensive process, so we’re happy to only get paid once – so you can spend more on buying the home of your dreams.

  Not only that, but they’re an appointed representative of the PRIMIS Mortgage Network and have access to thousands of market-leading deals – including some only brokers are able to find.

• What’s it like to buy in Bath?

  Bath has a wide choice of home types to buy from – ranging from the high-end in Freshford and Swainswick, to the more affordable end in Paulton and Timsbury.

  “I’d expect in Bath you’re probably going to find two people buying together, because house prices are high for a single buyer,” says Kye.

  “You won’t get as many first-time buyers in Bath as somewhere like Westbury – a lot of people even move to Frome, Trowbridge or Corsham to get on the ladder earlier.

  “We see that most people buy on the outskirts rather than the centre – terrace or semi-detached, primarily, because a detached house in Bath is expensive.”

  If you have your eye on one of the listed buildings in the area, you might be concerned that you won’t be able to get a mortgage, but don’t worry – we know the lenders to approach and can help you buy, even if the property does need work.

  “Most listed properties go through the mortgage process just fine,” says Daniel.

  “It might be a bit more legal work from the solicitor – checking it hasn’t been altered in a way that breaches the listing – but I don’t think I’ve seen one declined because of anything specific to its listing.”

  Kye agrees, highlighting that people are often worried about things that can often be solved quite simply by knowing about the full breadth of the mortgage market.

  “People come in fearing they’ve found a property that’s going to be difficult to mortgage,” he says. “Sometimes we’ve solved what looked like a complicated problem just by putting them with the right lender, and it was fine.”

• Mortgages we can help with in Bath

  While house prices are a little higher in Bath than you might find in the surrounding regions, we still see all kinds of buyers coming to us to purchase a property in the city – and we’re here to help them all.

  • First-time buyers – The cost of buying your first home in Bath is a little higher than in other areas nearby, and may mean first time buyers need to budget a little for stamp duty and higher mortgage payments. While anyone buying their first home doesn’t need to pay this tax on properties under £300,000, on average it can be £31,000 above that threshold to get on the property ladder in Bath, so a certain amount of SDLT will often need to be factored in. Don’t worry though – we can walk you through the process. You can calculate your stamp duty by heading to our calculator.
  • Moving home – we help those buying their first, second or fifth home in Bath, guiding them through each step of the mortgage process and helping them find the rate that’s right.
  • Remortgage and rate renewals – when your fixed-term deal comes to an end, or your circumstances change, getting the right type of mortgage – at the best rate – is a move we can help you make. Of course, you’ll want to be spending as little as possible on your monthly premiums, and if you’re settled in the area, we can help you find a mortgage that matches your needs.
  • Self-employed mortgages – Bath has a higher concentration of self-employed workers than the national average, and if you’ve just joined those working for themselves, we can help guide you through the process, whether you’re buying a new property or just want to get a deal that better suits your circumstances.