residential mortgages

Finding the most suitable mortgage and providing expert advice and assistance is very important to us. Having a relationship with our client enables us to provide a package of products, which tie together.

Finding the right mortgage has never been as simple as going for the cheapest interest rate, there are other issues to take into consideration, that’s how we can help to take the stress out of the decision. We will offer our expert advice, provide recommendations and explain in plain English the details of what each lender is offering. We believe that being truly independent of financial institutions and able to provide finance from the whole of market is essential to offering our clients the widest choice of product.

Choices
We understand that sometimes, the choice of lenders, coupled with the different types of mortgages offered can be confusing. So, whatever mortgage you are looking for whether it’s a repayment or interest only, a Fixed Rate Mortgage or a Variable Tracker, we are here to explain and advise.

Below we have put together a short explanation of some of the different types of Mortgage available to you. If you would like to discuss any of these mortgage products to see if you would be able to save money on you home, buy-to-let or commercial mortgage please feel free to contact us.

Variable Rate
A mortgage that permits the lender to adjust the mortgage's interest rate periodically on the basis of changes in a specified index. Interest rates may move up or down, as market conditions change. This sometimes makes it harder to budget for on a month to month basis.

Discounted Rate
This interest rate is discounted from the Lender's published Standard Variable Rate for an agreed period from the start of the mortgage, again payments can go up or down.

Fixed Rate
A fixed rate mortgage locks in a particular interest rate for a given period. This means that monthly payments will not go up or down during this initial term and is most appropriate for budgeting or if you are concerned about affording to make payments should interest rates rise.

Bank of England Base Rate Tracker
Tracker mortgages are typically linked to the Bank of England Base Rate (BEBR) and tracked accordingly for a specified period. Monthly payments can go up or down during the tracker rate period but will be at a pre-determined margin.

Capped Rate
This provides an upper limit to your interest rate and is typically linked to the lenders standard variable rate but will protect you if the lenders standard variable rises higher than the cap. If a lower limit to your interest rate is applied this is known as a collar rate.

There are other variations of mortgages and features within mortgages such as Cashback Mortgages, Flexible Mortgages, Current Account Mortgages and Offset Mortgages. Please contact us for information on this and more. We will be happy to speak to you.