Mortgages
The best mortgage for you is out there, and we’ll help you find it.
As independent specialists we are completely free to select the very best products available on the market.
Finding the right mortgage
From thousands of providers and a bewildering range of options, we’ll unlock the best deal for you, avoiding the pitfalls such as not fitting the provider’s selection criteria or charging more. You can be sure that our experts will select only those mortgages for which you will be accepted without penalty or premium.
Staying Abreast of the Market
Because mortgages change, deals come and go or a fixed term arrangement ends, we keep working to ensure you always have the best option. This could mean staying with your existing lender or moving to another. We’ll always work to find you the best available deal.
We start by reviewing your income, overall financial situation and personal circumstances. This gives us a guide to how much you can borrow and the likely repayments. Then we’ll look for all available options, discuss them with you and make a final recommendation. If you decide to proceed we’ll manage the application process from start to finish.
mortgage types
Buying to let
If you’re buying property to let for rental income and future growth in value, we’ll help you find the best Buy-to-Let option. You may have to meet certain conditions, such as a good credit record, proof of income and are below 75 years of age. You’ll need a minimum 25% deposit with the amount you can borrow based on monthly rental income which should cover 125% of your mortgage repayments. We’re here to help.
The Offset Mortgage
This mortgage links bank accounts and savings to offset against the loan and so reduce interest. As savings are subtracted from the amount borrowed on which you pay interest, you can either pay less each month or pay off the entire mortgage more quickly.
Interest Only Mortgage
With this type of mortgage, repayments will cover the interest on the loan but not the capital sum so it’s important to set up a separate investment or savings vehicle to repay the mortgage at the end of the agreed term.
Interest + Capital Mortgage
This mortgage is designed so you gradually pay off the amount borrowed as well as the interest over the term of the loan. Providing all repayments are met, the loan and interest will be fully paid at the end of the agreed term and the property will be yours.
Rate Variables
All lenders offer a variety of interest rates as part of their mortgage offers or deals so it’s important you choose the option that works best for you. We’ll help you understand the various rates and their implications on repayments and overall cost. The current variables include Discounted, Tracker, Capped, Collared & Capped.
