Eureka Mortgages Bristol

Eureka Mortgages Bristol is a trading name of Eureka Financial Solutions and is run by Benjamin Chinn. Ben lives right here in Bristol and routinely saves his clients time, hassle and a great deal of effort in nding the right mortgage. Established in 2005, Eureka Financial Solutions offers both Mortgage and Financial advice.

People buying their first home often have specific needs when it comes to finding a mortgage. A range of mortgages exists specifically for this market sector. Buying a home for the first time can be a daunting prospect. There's so many things to think about - and that's before you've even considered the many mortgage products, rates and lenders to choose from.

Most people switch mortgages because it will work out cheaper for them. For example, the introductory discounted interest rate may have finished with your current lender, and you might get a cheaper deal with another lender. It is worth noting that a remortgage isn't always the most suitable option.

Second charge loans can be secured against residential or Buy to Let properties. They are provided by specialist lenders and are generally short-term loans secured against the property, but where the lender has second call on the property if the borrower defaults.

Second charges tend to be more expensive than 'firsts', but can still be an option for people seeking to raise capital - but whose main lender is unwilling to provide further finance, or where expensive early redemption charges would be incurred.With a self-build mortgage, money is released in stages as the build progresses.

These types of mortgages are designed for property investors and private landlords, who do not intend to live in the purchased property. Buying additional property for the purpose of letting it to earn rental income can be risky and complicated since there is no guarantee that house prices will rise nor that rental income will be uninterrupted.