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Eddison Wells Welwyn Mortgage Broker | Qualified Advice

Welwyn Mortgage Broker | Impartial Mortgage Advice From Qualified Advisors

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Looking for a mortgage broker in Welwyn? Eddison Wells Financial has qualified advisors who can compare a comprehensive range of lenders & 1000’s of mortgage products

With many thousands of different mortgage products available in the UK, it is hardly surprising that finding the right one that best suits your particular needs can be a challenging task. This is partly because so many competitive mortgage deals are not available from mainstream lenders on the High Street. Lots of exclusive brands are only available through professional mortgage brokers and as mortgage products are changing daily, often with special offers, discounts and limited availability, what was yesterday’s best buy might easily be beaten or withdrawn tomorrow. This is where we using a local mortgage broker in Welwyn could really help make sure you get the right advice from qualified mortgage advisors.

First Time Buyer

With so many factors to consider it can be difficult to know where to begin when looking for your first mortgage.

There are a wide range of providers and mortgages across the market providing a vast selection of mortgages to choose from, and useful though it may be to have plenty of choice, it can leave you feeling completely daunted and confused.

You are not limited to just mortgages designed for first time buyers. Depending on your circumstances we will recommend the best mortgage for you from the wide range of mortgages on the market for house movers, such as the lowest fixed rate mortgages or base rate tracker mortgages.

1. Find out how much you can borrow - get a agreement in principle (AIP)

The first thing to do when you are looking to buy a home is find out how much you can borrow. The best way to do this is to talk with a mortgage advisor, who will be able to give you an idea of how much you can realistically borrow, based on factors such as your income, outgoings, credit history, and several other factors.

2. Search for a property

Now that you have your AIP you are ready to make offers on properties up to the agreed amount. At this point you are now ready to begin viewing properties.

3. Make an offer

Once you’ve found the property you’d like to purchase, it’s time to make an offer. You do this through your estate agent, giving them the details of your AIP. The estate agent will then begin the process of checking the property. This is often the lengthiest stage of the buying process, as there can be quite a bit of legal and paperwork for the estate agent to process, as well as potentially waiting for third parties, such as the seller. Provided that there are no issues with the legal work, and the seller accepts your offer, your mortgage will complete.

4. Talk to us about your mortgage options

At this point it’s time to discuss your requirements in more detail such as mortgage products, solicitors & protecting everything that’s important to you.

5. Apply for your mortgage

After discussing your available options with your advisor, and deciding on a mortgage you’d like to take, it’s time to apply for the mortgage. Again, it is better to do this through a broker, as they usually have relationships with the lenders.

6. Exchange contracts

The final stage of the process is the exchange of the contracts and the transfer of money.

7. Mortgage / sale complete

Congratulations! You’re now a home owner. It’s time to pick up your keys and move into your new home.


Your mortgage may have been the best deal for your circumstances at the time but is it still performing as well as it could?

Remortgaging is a good way to escape high variable or fixed interest rates and more and more UK homeowners are moving their mortgages to save money. Even if you have just come out of a special deal and are obliged to pay a penalty if you change mortgage, do not be deterred, re-mortgaging often reduces your monthly mortgage payment enough to still save you money in the long term.

As well as reducing your monthly payments, you can also use remortgaging to release the equity that’s built-up in your property over time. If you have owned your property for several years, it could be worth more than your outstanding debt therefore taking out a larger mortgage could release some extra cash. This could be spent on home improvements, a new car or a luxury holiday if you like.

When you re-mortgage, you are essentially replacing your existing mortgage loan with a new one, shifting your debt from one mortgage lender to another. There are thousands of remortgages available across the UK morgage market and Eddison Wells will take into account what different mortgage lenders are offering at present and find the best remortgage deal for your new circumstances.

Eddison Wells Mortgage Calculator

Tell us about you and the mortgage that you'd like, and an advisor will be in touch to discuss the options available to you. Unlike most mortgage calculators, which simply calculate how much you may be able to borrow, your submission will go to our team of advisors who will personally look for the best options available to you.

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You voluntarily choose to provide personal details to us via this website. Personal information will be treated as confidential by us and held in accordance with the Data Protection Act 1998. You agree that such personal information may be used to provide you with details of services and products in writing, by email or by telephone.

Buy to Let

buy-to-let mortgage (also known as an investment mortgage) is designed for borrowers who want to let their property out to a third party (i.e. tenants).

More and more people are investing in property as a long-term opportunity to make profitable returns, and as a way of securing finance for their retirement. There are now plenty of competitive buy to let mortgage deals around that are specifically aimed at the buy-to-let market, Eddison Wells are here to find the best available deal tailored to your circumstances.

You will be required to put down a deposit for buy to let mortgages and this will be typically larger than for a standard residential mortgage – it will likely be 15-25% of the property’s value.

In addition, mortgage lenders will often assess buy-to-let mortgages on the earning potential of the property (i.e. the rental income) as well as normal income. The rental income of the property will usually need to be 125-145% of the monthly mortgage repayments.

Moving Home

If you are already paying your mortgage on your current home and you are moving home you can often move (port) your existing mortgage to your new home, which is possible with many lenders, or you can begin a new mortgage and repay your current mortgage (as well as any early repayment fees).