Don't know where to start?
Getting the right mortgage can be confusing, we give unbiased,
straightforward mortgage advice. If you're a first time buyer,
an experienced mover or looking to remortgage we'll remove the
hassle so you can enjoy buying your house.
There are many different mortgage options available, it's just a
matter of picking the one that suits you. We would recommend
that you seek independent advice from one of our Qualified
Mortgage Advisers.
Our mortgage brokers will spend time with you to ensure your
needs are fully understood & met. Matching the information you
provide will enable the mortgage broker to deduce what type of
secured home loan is most suitable for you and importantly...how
much you can afford to borrow & what the mortgage will cost per
month!
As an independent mortgage broker, all of our mortgage advisers
are fully qualified and have many years of experience. Let us
show you how easy arranging a mortgage can be!
Simply complete our mortgage enquiry form online today or give
us a call on 0845 833 7500.
Variable Rate Mortgage
The simplest form of loan is one which sets its interest
rate according to the lenders standard variable rate, or
SVR. With a loan like this, your interest payments will
rise or fall every time there is a change in the Bank of
England’s base rate. |
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Discount Rate Mortgage
These loans help reduce your expenses in the early years
by setting your interest rate at a few points below the
lender’s Standard Variable Rate (SVR). Your interest
payments may still move up and down, but the
differential between your rate and SVR remains constant. |
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To obtain whole of market advice from a qualified adviser (who
will act for you and not the lender) simply complete the short
online enquiry form and press PROCEED.
To help the process please enter as much
information as possible.
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Fixed Rate Mortgage deals on offer in the UK are
typically on offer from 6 months to 5 years, although
there are some fixed rate mortgage lenders now offering
lifetime mortgage rates.
The obvious advantage of a fixed rate mortgage is from a
budgeting perspective, as it protects the borrower from
unwelcome interest rises, although conversely if
interest rates fall you may be stuck with a rate that is
uncompetitive.
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| Base Rate Tracker Mortgage |
| This is a mortgage product that focuses on the
interest rate available. It is predominantly marketed as
a product that will follow any changes made to the Bank
of England base rate. Lenders will offer you the
facility to opt for an interest rate that is a set
percentage above the base rate. This will be agreed
prior to the completion of the mortgage. The agreed rate
will be subject to change in accordance with any
fluctuations of the base rate. This means that tracker
rates can go up or down which will impact the amount of
your monthly mortgage repayments. |
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| These loans have a fixed ceiling on the interest
rate for a period of time, above which your rate will
not be allowed to go. If base rate falls, your rate can
still fall with it. |
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Mortgage Repayment Methods |
Repayment Mortgages
Also known as a Capital & Interest Mortgages, because an
element of capital is being repaid each month, as well
as any interest. This brings the peace of mind of
knowing that you are reducing your debt every month.
This type of mortgage guarantees that the loan is repaid
at the end of the mortgage term, provided that no
payments have been missed.
Interest Only Mortgage
With this type of mortgage only interest is paid to the
lender therefore the amount owed on the mortgage remains
the same. The full amount of the loan has to be repaid
to the lender at the end of the term. To do this, you
may invest additional funds in investments or repay the
capital during the mortgage term or even sell the
property to repay the loan. Interest-only mortgages
usually have lower monthly payments than a repayment
mortgage but are inherently more risky.
Part Interest Only/Part Repayment Mortgages
With a part interest only/part repayment mortgage, a
proportion of the loan is treated as an interest only
mortgage and the other proportion as a repayment
mortgage. Therefore, you will use both repayment and
interest-only methods to repay the loan. |
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