First Time Buyer advice
Using a mortgage adviser may be really helpful, especially for first-time buyers, when it comes to obtaining the right mortgage for your financial circumstances and comprehending why your application could be denied.
So where do you start and what exactly is involved? Start your mortgage journey today.
Remortgaging
The act of switching from your current mortgage on your current house to another, whether with the same or a different lender, is known as remortgaging. The previous mortgage is subsequently replaced with the new one.
So where do you start and what exactly is involved?
You may have to pay an early repayment charge to your existing lender if you remortgage.
Important information
Your home may be repossessed if you do not keep up repayments on your mortgage.
Protect you and your family
The types of protection we can offer include:
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Income Protection
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Critical Illness Cover
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Life Insurance
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Mortgage Protection
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Buildings and contents insurance
For insurance business we offer products from a choice of insurers.
Buy to let information
Buying a house is an exciting experience, and there's a lot that you can sink your teeth into. So where do you start and what exactly is involved?
A buy-to-let mortgage is intended for borrowers who acquire real estate as an investment for rental purposes. Then, you must decide between an interest-only or a repayment-only mortgage. Keep in mind that buy-to-let mortgages operate differently from ordinary mortgages since they typically need a significantly larger minimum deposit (typically, 25% of the value of the property).
There is no guarantee that it will be possible to arrange continuous letting of the property,
nor that rental income will be sufficient to meet the cost of the mortgage.
Mortgage tools, all in one place
Get a Mortgage in Principle to see how much a mortgage lender could lend to you, and use our helpful range of mortgage calculators to help understand how much you can afford.
Our borrowing calculator is designed to help you work out how much you borrow, which gets you one step closer to owning your own home.
Simply enter a few key details to get an estimate of how much you could borrow.
Repayments are calculated by the size of your mortgage, the interest rate from your lender, and the term of your contract.
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Mortgage Monitoring today
Let us monitor your current mortgage, giving you peace of mind you’re on the right deal, every month.
- We’ll compare your mortgage against thousands of deals
- Send you a monthly home report
The best part? You don’t need to pay anything.
Please note: This mortgage monitor does not constitute mortgage advice.
Types of mortgages available
It's crucial to weigh your alternatives when getting a mortgage in order to select the one that best fits your requirements and financial situation. Interest rates, the duration of the mortgage term, and any related fees or charges are all important factors to take into account.
Fixed-rate
With a fixed-rate mortgage, the interest rate is fixed for a predetermined amount of time, usually between two and ten years. Upon completion of the set period, you will transition to the SVR.
Standard variable rate (SVR)
When the fixed or tracker rate period is over, borrowers transition to this default rate set by lenders.
Tracker
A tracker mortgage swings up or down in line with the base rate set by the Bank of England.
Interest-only
An interest-only mortgage requires you to pay just the interest on the amount borrowed throughout the life of the loan. As a result, it's critical that you have a strategy in place for repaying the full principal amount at the conclusion of your term.
Offset
An offset mortgage reduces the amount of interest paid on the mortgage by connecting a borrower's mortgage account to their savings account.