Mortgage broker in Colchester

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Top rated

Based on 113 reviews

Nick L.

1 week ago

Ashley and her colleagues were excellent from start to finish and made the whole process so so easy!!!

Irina S.

1 week ago

Oliver was very helpful, answered numerous questions and helped me a lot.

Mary-Jane P.

1 week ago

Great serviced by Oliver.Followed up.on questions asked asap. Remortgage went smoothly as a result.

Tom A.

3 weeks ago

Really good company. Great service from everyone I have dealt with. I would recommend them highly

Moinul H.

2 months ago

Foster Financial has provided an excellent service throughout the five years I have been with them. Most recently, despite the complexity involved in transferring the share of a property, they were extremely supportive and introduced me to a firm that completed the work efficiently and professionally. I am truly grateful for their help and would confidently recommend Foster Financial to anyone seeking fast, reliable and trustworthy service.

Jane B.

2 months ago

We've been very happy with the service we have received from Fosters Finsncial. They helped us find our mortgage 5 years ago. This year our 5 year fixed rate ended and they help us to find a competitive rate. Excellent service, no complaints!

Milly M.

3 months ago

Brilliant and reliable company. Oliver was very knowledgeable and helpful with any questions we had as first time buyer!

John G.

3 months ago

Been splendid, punctual, quick, professional. Breath of fresh air compared to past experiences with other companies. Appreciate the positivity and 'can do' attitude. Makes a big difference.

Will E.

3 months ago

Ashley and the team at Fosters Financial were very helpful in advising us through getting a mortgage secured for our new home, helping answer anything and everything in the process. It felt like having a friend to call on for guidance and to do the heavy lifting for you. Thanks Ashley!

Michelle B.

3 months ago

⭐️⭐️⭐️⭐️⭐️ Five-Star Service! I’ve been using Fosters Financial for the past 2.5 years and I honestly can’t recommend them highly enough. Isaac is absolutely brilliant! He has helped me with my mortgage transfer when I moved home and, more recently, my remortgage at the end of my two-year fixed term. Throughout both processes, Isaac has been extremely knowledgeable, helpful and patient. He is always available to answer my questions or explain things again when I don’t quite understand them. He genuinely takes the stress out of the whole process, and everything has always been handled smoothly and professionally. I wouldn’t use another broker and have already recommended Fosters Financial to friends, family and work colleagues. **Five-star service from start to finish!

Chris E

3 months ago

Isaac at Fosters helped us to buy our first property 2 years ago and is currently helping us to buy our second. In our view, he is the benchmark for what a broker should be: professional, honest, and able to deliver on what he says and quickly at that. We wholeheartedly recommend him.

Katrina A.

3 months ago

Once again, the service from Fosters has been exceptional. Amy Lombardi and Katy Canham were always responsive, helpful, and ready to answer any questions. Richard Moon supported us with our life insurance, ensuring we had the exact coverage we needed with an honest, no-pressure approach. Fosters made the entire process smooth and took the stress out of sorting one of life's essentials. Highly recommended!

Matt S.

3 months ago

Fosters always provide sound advice in a timely manner. We’ve gone through a few remortgages and a house move with them and every time they’ve been supportive, quick to reply, and have provided us with access to good rates that weren’t available publicly.

Thomas W.

4 months ago

Ellie Ford has been remarkable in supporting and getting our remortgage and release of extra funds out over this last few months. Within the space of days Ellie got everything sorted for us. Her speed of communication and those little emails to help make us feel involved was insane! We were one day out from going onto a variable rate and Ellie managed to get it through within hours. Mark Wood was excellent in navigating the market and finding us the right lender and explaining the intricacies of what we were asking for and found us exactly the right product but Ellie really smashed it out of the park.

Dan S.

4 months ago

I can not thanks fosters financial enough, The team there are absolutely brilliant. Helping us navigate through all the financial services we needed for a new home and a starting a property business. Special thanks to Ashley she's been an absolute star! When It came to getting over some of our hurdles, the speed Ashley reacted to them and got them resolved for us was outstanding. 100% recommend

Cath P.

4 years ago

Stephen was very helpful. He laid out all the options for me and was very clear.

Josh B.

4 years ago

Professional, fast, helpful and committed. Everything was completed very quickly and all our questions were answered by Stephen Mayes, thank you very much for all your help!

Colchester mortgage advisor

Fosters Financial is a mortgage broker based on The Crescent at Colchester Business Park, just off the A12. We opened our first Colchester office at Tollgate in 2017, moved to De Grey Square in 2019 and into our current home in 2021. That’s nearly a decade arranging mortgages for people buying, moving and remortgaging across Colchester and north Essex.

As an independent broker, we search a comprehensive panel of lenders that represents the whole of the market, including deals you won’t find on the high street. Your Colchester mortgage advisor will get to know your plans, explain your options in plain English and recommend the mortgage that fits. A dedicated case handler then takes the paperwork off your hands right through to completion.

Whether you’re a first time buyer, moving up the ladder, remortgaging or growing a buy to let portfolio, our team is here to help. Pop in to see us at our Colchester office, or speak to an advisor by phone or video.

An illustration of famous landmarks in Colchester, Essex

Mortgage advice in Colchester for every situation

First time buyer mortgages

How much you can borrow, how big a deposit you need and which lenders suit your income. We also explain schemes such as shared ownership and First Homes.

Moving home

Port your existing deal or find a new one, timed around your sale and purchase so the chain keeps moving.

Remortgaging

We start looking up to six months before your deal ends, so you don’t slip onto your lender’s standard variable rate.

Buy to let mortgages

For first-time and portfolio landlords, including limited company buy to let, in Colchester’s busy rental market.

Self-employed mortgages

Sole traders, contractors and company directors, including lenders that accept one year’s accounts.

Bad credit mortgages

Access to specialist lenders if you’ve had missed payments, defaults or a CCJ.

New build mortgages

Lenders comfortable with new build developments around Colchester, plus advice on incentives and deposit rules.

Later life mortgages

Retirement interest-only and mortgages that run into retirement, with equity release referred to a specialist partner.

Protection and insurance

Life cover, critical illness and income protection from our in-house protection specialists.

How it works

1. Free first chat. A 15 to 30 minute conversation in person, by phone or by video. We look at your income, deposit and plans.

2. We search the market. Your advisor compares lenders and recommends the right mortgage, with the fee confirmed in writing.

3. We handle the application. Your case handler submits it and keeps your solicitor, estate agent and lender moving.

4. Offer to completion. We stay with you to completion, then get in touch before your deal ends.

Buying a home in Colchester

The average sold price in Colchester is around £300,000 (Office for National Statistics), slightly above the England average and below the wider East of England. That puts many first-time buyers close to the £300,000 point where first-time buyer stamp duty relief stops applying in full, so how you structure your purchase and deposit matters.

Prices vary a lot across the area. Flats and terraces in the town centre and Greenstead are among the most affordable. Family homes in Lexden, Stanway and Highwoods sit higher, and villages such as Wivenhoe, West Mersea and Tiptree bring their own lender questions around older, non-standard and coastal properties.

Commuters into London Liverpool Street are a big part of the local market, as are landlords letting to students at the University of Essex and to Colchester Garrison personnel. Our advisors live and work locally, so we know which lenders are comfortable with the property types you’ll find here, and which aren’t.

Meet your Colchester mortgage team

Every client gets a named advisor and a dedicated case handler, all based at our Colchester office. Our mortgage and insurance brokers include Isaac O’Connor, Mark Wood, Oliver Sharplin, Ashley Roberts and Ryan Henley, supported by protection specialists Ben Maidstone and Richard Moon and case handlers Ellie Ford and Katy Springett. The business is led by Managing Director John Foster. Meet the full team.

Isaac O'Connor

Mortgage & Insurance Broker

Ashley Roberts

Mortgage & Insurance Broker

Katy Springett

Case Handler

Ellie Ford

Case Handler

Colchester mortgage FAQs

How much does a mortgage broker cost in Colchester?

Your first consultation is free and there’s no obligation to go ahead. If you do, our fee for mortgage advice is typically £499. For more complex cases that need significantly more work or expertise, we charge a fixed fee of £995. Your advisor will confirm exactly what you’ll pay, and when it’s payable, before we start your application.
Do I need a mortgage broker, or should I go to my bank?

A bank can only offer its own products. As an independent broker we compare a panel of lenders that represents the whole market, including deals not available direct, and we manage the application for you.
What's the difference between a mortgage advisor and a mortgage broker?

Most people use the terms interchangeably. A broker is a mortgage adviser who can search many lenders, while a bank’s adviser can only recommend that bank’s deals. Our Colchester advisors are brokers.
How much can I borrow?

Most lenders offer between about 4 and 5 times your income, depending on your outgoings, credit history and deposit. Try our mortgage calculators, then speak to an advisor for a figure based on your circumstances.
Can I get a mortgage with bad credit in Colchester?

Often, yes. We work with specialist lenders that consider missed payments, defaults and CCJs, depending on how recent and serious they are.
Can you help if I'm self-employed?

Yes. Some lenders accept one year’s accounts and others need two. We’ll match you to lenders that fit your trading history.
How long does it take to get a mortgage?

A decision in principle can take minutes. A full mortgage offer usually takes once your documents are in, depending on the lender and valuation.
Do you only help people in Colchester?

No. We’re based in Colchester and see clients across Essex and Suffolk in person, and we advise clients anywhere in the UK by phone or video.
Can I meet you in person?

Yes. Our office is at 652 The Crescent, Colchester Business Park, CO4 9YQ, and appointments run Monday to Saturday.