Purchasing your first home can feel overwhelming. There are many factors to consider, from the deposit to the best interest rate. How do you know you're getting the best deal? Finding the time to research all your options is challenging, and making sense of everything is even harder. Who has the time for that? We do.
Your Home may be repossessed if you do not keep up repayments on your mortgage.
With a fixed-rate mortgage, your monthly payments remain constant regardless of interest rate changes. Fixed-rate periods typically last 2, 3, or 5 years.
Tracker mortgages adjust with the Bank of England’s Base Rate. The interest rate is the Base Rate plus an agreed margin. A 'lifetime' tracker applies for the entire mortgage term, while a 'term' tracker lasts 2 or 3 years.
SVR is the interest rate charged after a fixed-rate or tracker period ends. Instead of switching to an SVR, you can typically opt for another fixed or tracker product.
A capital repayment mortgage requires monthly payments covering both capital and interest. By the end of the term, the mortgage is fully repaid.
An interest-only mortgage involves monthly payments that cover only the interest, leaving the capital debt unchanged. Lenders require proof of future debt repayment ability. This option is common for buy-to-let mortgages.
It's easy to navigate the mortgage process when you have a broker that really understands your situation and budget. We'll pull together all the information you need, spending time with you to get everything just perfect.
We'll ask you questions like:
Our mortgage advisers work closely with you to save you time and give you the very best chance of a successful application.
During the application process, we'll:
Once your mortgage has been offered, we'll support you all the way through to completion. We'll work hard to build a lasting relationship with you. So you'll always have someone you trust to help with any queries or requirements in the future.
Here's an overview of what happens:
Getting a mortgage is important, but it doesn't have to be complicated. We'll handle every step for you, deal with all the paperwork and take away all the hassle. Here's a quick overview of how the process works and how we will help you:
