FIRST TIME BUYER – This mortgage is designed for people who are buying their first home. A minimum deposit of 10% of the total value of the property is usually needed.
OUR SERVICES
We automatically do a full FREE FINANCIAL HEALTH CHECK with all our clients.
We complete a detailed budget planner that helps us to best advise you on the right mortgage type and term that is best suited to your personal circumstances.
REMORTGAGE – A remortgage is when the borrower pays off their mortgage with a mortgage from a second lender. You can remortgage to obtain a better interest rate, to reduce monthly payments or to release some of the cash from the value of your property. It is possible to remortgage so that you can consolidate your debts through the funds obtained, resulting in reducing your overall monthly payments.
SELF BUILD MORTGAGE – A self-build mortgage is a home loan take out on a property which you are building yourself. Funds are given to you in stages rather than as a single lump sum.
REPAYMENT MORTGAGE – Your monthly payment contributes to the loan amount and the interest charged by the lender.
INTEREST ONLY MORTGAGE – Your monthly payment only contributes to the interest charged by the lender. The original loan amount does not reduce and must be repaid to the lender by other means at the end of the agreed term.
FIXED RATE MORTGAGE – The interest rate is fixed for an agreed period time, usually 2 to 5 years. During this period your monthly payment will not change.
VARIABLE RATE MORTGAGE – The interest rate set by the lender can go up or down depending on market conditions.
TRACKER MORTGAGE – The interest rate is linked to the Bank of England base rate. The lender will set the interest rate several percent above the base rate. This product then tracks its movement following it up or down depending on market conditions.