INDEPENDENT MORTGAGE BROKERS
As independent mortgage brokers with more than three decades of retail banking and finance experience, we can guide you whether you are purchasing your first home, investing in property, remortgaging, or consolidating debt. We offer impartial, custom-tailored advice, surveying the entire marketplace to discover the most advantageous rates and mortgage advice tailored to your needs.
Recognising that a mortgage is likely the most significant financial obligation you will undertake, we know the vast array of choices can be overwhelming. Moreover, stringent lending standards have made the mortgage application process more complex than ever before. Please refer to our Frequently Asked Questions for additional information.
In a market where banks, building societies, and smaller niche lenders vie for business, each offers a range of interest rate deals, associated fees, and other incentives to attract borrowers. We stand by to assist you in navigating this process, reviewing all the products on offer, and providing the best advice and mortgage suited to your needs. We aim to save our clients time, money, and stress during home-buying.
The primary methods of repaying a mortgage are repayment (capital and interest) and interest-only options. Occasionally, a combination of the two can be arranged. We clearly explain all the options at every stage of the process. Let us survey the entire market for you to secure the best mortgage deal swiftly for:
We also have expertise in and provide advice on the following specialised lending mortgages:
Debt Consolidation Mortgages
Second Charge Mortgages
Our mortgage calculator is a helpful tool designed to provide you with an estimate of how much you may be able to borrow, plus a comparison of potential monthly payments.
Please be aware that this calculator is purely for illustrative purposes and does not constitute a mortgage offer. Prior to entering into any agreement, a comprehensive credit search and full application are necessary, and all lending criteria must be fulfilled.
The actual rate you receive will be dependent on your unique circumstances. However, we will provide you with a personalised "Key Facts Illustration" to aid in your decision-making process.
REPAYMENT (CAPITAL AND INTEREST)
In the case of these types of mortgages, your monthly payments are comprised of both the principal (capital) and the interest. This means that the total amount you owe will gradually decrease over the duration of the loan. However, it's important to note that in the initial years, the majority of your payments will primarily cover the interest, resulting in a slower reduction of the outstanding principal.
In this arrangement, you commit to making these monthly payments for a predetermined time, referred to as the 'term'. The term typically spans 25 years. Over this term, you'll pay back both the principal and the interest. Provided that you consistently meet your monthly repayments, you can expect your mortgage to be fully repaid by the end of the agreed term.
INTEREST ONLY MORTGAGES
In an interest-only mortgage, your repayments exclusively cover the interest on the loan amount. Upon the term's conclusion, the principal amount remains unpaid. Typically, an investment policy is necessary to accumulate sufficient funds to settle the mortgage at the end of the term.
Historically, the preferred product was a mortgage endowment policy to repay the principal of an interest-only mortgage. However, in recent times, customers have started utilising Individual Savings Accounts (ISAs) and pensions to amass an adequate sum to repay the remaining principal.
THINGS YOU NEED TO KNOW
Before beginning your property search, it's crucial to understand the details lenders require - from the size of your deposit to your employment history and future prospects. We recommend reaching out to us beforehand to ensure a smooth application process. Please refer to our FAQs for comprehensive information.
Our advice is free, but we levy a fee for our financial services and application completion. Our fee is only due once you've found a property and we've submitted a full application to the lender. This fee is a one-time charge for the property and applies until the end of the tie-in period (like a fixed or tracker rate). We continue to service this mortgage without any additional cost.
You'll receive expert advice and support throughout your mortgage process with us. We thoroughly review products across the entire market, advise you accordingly, and arrange the mortgage on your behalf. The fee for our services ranges between £0 and £995, depending on the extent of research and administration required. Rest assured, you'll be informed about any costs upfront.
Please be aware that failure to keep up with your mortgage repayments may result in the repossession of your home or property. Furthermore, please note that the Financial Conduct Authority does not regulate certain types of buy-to-let mortgages.