Is there a fee-free mortgage broker in Portsmouth?

Yes. Alexander Southwell Mortgage Services covers Portsmouth and the wider South Hampshire area. Our advice is completely fee-free for standard residential mortgages. We earn a commission from the lender only when your mortgage completes, at no cost to you.

How much deposit do I need to buy a home in Portsmouth?

Most lenders require a minimum 5% deposit. Portsmouth property prices are generally lower than many nearby cities, making it more accessible for first-time buyers. A 5% deposit on a £200,000 home would be £10,000. Larger deposits of 10 to 15% will give you access to better mortgage rates.

Can I get a mortgage in Portsmouth if I am self-employed?

Yes. Self-employed applicants in Portsmouth can typically apply with most lenders using two years of accounts or SA302 forms. Some specialist lenders consider just one year of self-employment history. We search the whole of market to find the best match for your circumstances.

What is an Agreement in Principle and do I need one when buying in Portsmouth?

An Agreement in Principle (AIP) is a written indication from a lender of how much they would be willing to lend you, subject to full underwriting. Portsmouth estate agents will typically ask to see one before accepting an offer. We can get yours sorted quickly, often within the same day.

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Mortgage Broker & Advisers in Portsmouth

Finding a mortgage can be overwhelming, especially when you’re juggling property searches, solicitors and other buyers.
Portsmouth is a vibrant coastal city with a strong property market, driven by its naval heritage, growing student population, and proximity to the South Coast. From the waterfront apartments at Gunwharf Quays to family homes in Fareham Road and suburban streets across Fratton and Milton, our advisers know the Portsmouth market inside out.

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Southwell MORTGAGE

Why choose Alexander Southwell Mortgage Services?

Alexander Southwell Mortgage Services Ltd offer a comprehensive range of mortgage products from across the market. We offer both first and second charge mortgages, but not deals that you can only obtain by going direct to a lender.

We work closely with Portsmouth estate agents, solicitors, and surveyors to ensure your mortgage completes as smoothly as possible.

Team of expert mortgage brokers and advisers.

Excellent communication via WhatsApp, Skype, phone, email and SMS.

100% FEE FREE mortgage service.

Mortgage application paperwork prepared by our fee free advisers

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Low-Cost Specialist Advice: Fee-free options available for clean credit and £100k+ loans.

Mortgage Broker Portsmouth Quick Summary

Fee structure:

Typically fee-free for standard residential mortgages, our commission is paid by the lender on completion. Fees may apply for complex or specialist cases, always disclosed upfront in writing.

Portsmouth office:

Covering Portsmouth, Southsea, Cosham, Fareham, Gosport, and surrounding areas across South Hampshire.

Client types:

First time buyers, home movers, remortgages, buy to let (including portfolio landlords).

Same-day service:

Speak to a qualified adviser today. We offer flexible appointments including evenings and weekends.

Portsmouth Mortgage Brokers

Our advisers have helped hundreds of clients across Portsmouth, Southsea, Cosham, Fratton, Milton, and Gosport secure competitive mortgage rates. Whether you're a first-time buyer, home mover, or landlord, we're here to guide you through every step.

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Over 30 years experience in residential and BTL Mortgages

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Understanding Your Status

How to get a mortgage in Portsmouth

From your initial consultation to when your mortgage completes we manage the whole process for you. We coordinate with estate agents and solicitors where necessary to keep everyone moving towards your completion date.

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Step 1: Initial Consultation

Call or enquire online and one of our Portsmouth mortgage advisers will get back to you quickly to discuss your needs.

Step 2: Research & Recommendation

Your adviser will compare mortgage products across suitable lenders and prepare a tailored recommendation. You’ll receive an Illustration (ESIS) showing the interest rate, fees and total cost over the mortgage term so you can make an informed decision.

Step 3: Decision in Principle

We'll secure a Decision in Principle (DIP) so you can make offers on Portsmouth properties with confidence.

Step 4: Full Application & Valuation

We'll handle the paperwork, submit your documents to the lender, liaise on your behalf and arrange the valuation or survey. You won't need to chase, we do that for you.

Step 5: Offer to Completion

We’ll track your case through underwriting, chase solicitors and other parties if needed and keep you updated through to exchange and completion. Once you’ve got your keys we’ll diarise a review before any fixed rate ends so you’re never left on an expensive standard variable rate.

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Being prepared with the right paperwork
Documents You’ll Need

Income evidence: Last 3 months' payslips for employed applicants, or last 2 to 3 years' accounts and SA302s for self-employed clients

Deposit evidence: Savings statements, gifted deposit letters or sale-of-property memorandum if using proceeds from another property

Additional documents: Complex cases may require extra paperwork, for example multiple buy to let schedules, evidence of foreign income or explanations for recent credit issues

Bank statements: Last 3 months’ current account statements showing income credits and regular commitments

Proof of ID and address: Passport or driving licence, plus a utility bill or council tax bill dated within the last 3 months

The Portsmouth property market

Portsmouth offers an affordable entry point to coastal living on the South Coast. The city has seen consistent demand from first-time buyers, naval personnel, and investors attracted by its strong rental yields. Areas like Southsea remain popular for younger buyers, while Cosham and Paulsgrove offer more affordable family housing. Prices also remain below nearby Southampton, which keeps local demand strong.

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Regeneration and growth:

Waterfront and city centre regeneration continues to deliver new homes across Portsmouth, creating opportunities for first time buyers and investors looking at modern developments.

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Average property prices:

Average property prices in Portsmouth are lower than many South Coast cities, making it attractive for first-time buyers

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Key buyer groups:

Demand comes from first time buyers, students and staff at the University of Portsmouth, Royal Navy personnel, and families seeking good schools across Fratton, Milton and Cosham.

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Transport links:

Strong rental demand from students at the University of Portsmouth and Royal Navy personnel keeps buy-to-let yields competitive

Services

Our Portsmouth mortgage services

Portsmouth seafront, where our advisers arrange mortgages for local buyers

How Much Can You Borrow?

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This is an estimate only. Actual lending is subject to your credit profile, outgoings, deposit and lender criteria. Speak to one of our advisers for a personalised assessment.

Why use a broker

Why Use A Mortgage Broker In Portsmouth?

Going direct to your bank gives you one set of lending criteria and one answer. Using a mortgage broker in Portsmouth gives you the entire market: high street lenders, building societies and specialist lenders that never appear on comparison sites. Our mortgage brokers are qualified, and Alexander Southwell Mortgage Services is authorised and regulated by the Financial Conduct Authority under reference 1011890, so every recommendation is tailored to your goal rather than to one lender's product range.

Independent mortgage advice with no obligation

Your first conversation with our Portsmouth mortgage brokers costs nothing and carries no obligation. We look at your income, credit profile, any debts and your timescales, then explain in plain terms which mortgage lenders are likely to say yes. If the best mortgage for you happens to sit with your existing lender, we will say so.

We match you to the right lender

Lending criteria vary enormously. One lender may cap borrowing at 4.5 times income while another stretches further for certain professions; contractors, company directors and applicants paid partly in bonus or commission are all assessed differently. The job of good mortgage brokers is to match your unique circumstances to the lender most likely to accept them first time, which can save money on wasted valuation fees and protect your credit file. That is how we find the right deal rather than simply the loudest advertised one.

Support that continues after completion

A mortgage deal is not a one-off transaction. We diarise your product end date and contact you before you slip onto a standard variable rate, so you can review your existing mortgage, consider porting it if you are moving, or release equity for home improvements. Remortgage reviews get the same expert advice and the same service as your original application.

Local knowledge from Portsmouth to Havant

We arrange mortgages across the city and out towards Havant, Waterlooville and Hayling Island. Knowing which flats have short leases, where valuations tend to come in under offer and which developments have realistic completion dates makes a real difference to how smoothly your home buying journey runs. We handle the paperwork and do the liaising with lenders, agents and solicitors on your behalf.

Clear terms and clear costs

We explain the terms of every mortgage deal we recommend: the interest rate, product fees, early repayment charges and the total cost over the term. You receive an Illustration in writing before you commit, so you can compare mortgage deals on the whole package rather than the headline rate alone. Any questions you have are answered before you proceed, not after.

Speak to one of our Portsmouth mortgage brokers today for tailored mortgage advice with no obligation. Call 03300 432 428

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

FAQ

FAQs: Mortgage Broker Portsmouth

Fee free mortgage adviser discussing mortgage options with clients in Portsmouth

Fee Free Mortgage Broker Portsmouth