Mortgages For Everyone
If you are visiting us for the first time you are most probably conducting some "online" mortgage research, either for yourself, or possibly on behalf of a family member or friend. If so, you have come to the right place.
The purpose of this website is to assist the public in finding the mortgage product that is best for you. The Financial Services industry contains lots of jargon that may well be alien to you and the mortgage types and deals on offer are so numerous and bewildering as to easily leave you feeling confused, lost and in need of assistance.
We are confident that once you have spent some time on this site that you will be armed with sufficient information to assist you in making an informed choice as to which mortgage type & product is best suited to your individual circumstances.
Our Mortgage advisiors can assist you to get the best mortgage deal by:
- Offering free personalised mortgage and remortgage quotations.
- Having access to every UK mortgage lender and mortgage scheme.
- Providing you access to our Regulated Financial Services Authority registered finanacial advisor throughout the UK, able to provide you with mortgage and remortgage advice.
- Providing face to face advice from a qualified independent mortgage adviser at your home or work address.
- Providing help and assistance by phone, by linking you to a national call centre.
- Providing informative and up to date online information and tools for mortgage buyers.
Types of Mortgages
Most people buying a home will need to borrow a good chunk of the capital required.
This frequently involves a long-term loan from a bank or building society, the terms of which are set out in a legally-binding mortgage deed or agreement.
With around 150 financial lenders offering thousands of products, some with terms changing daily, even the experts can find it confusing. However, the principle is simple. The home is put up as security for the loan which usually runs for 25 years. The term can be longer or shorter.
A mortgage has two basic components - cash borrowed and interest paid on it.
Depending on the type of mortgage, it is repaid at the lender's variable, fixed or other rates (see list). The longer the loan term the smaller the monthly payments, but the greater the overall cost in terms of interest paid.
Lenders need reassurance on two main points - the creditworthiness of the borrower and whether the value of the home covers the loan should there be a default on repayments.