Mortgages – what’s on offer?
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
There are many types of mortgage currently available in the marketplace – some you will be familiar with, some you may not be aware of. As we regularly check what’s on offer from lenders and keep abreast of developments and new products, we’re well-placed to recommend the right type of mortgage to meet your needs.
Here are some of the main types of mortgage currently on offer:
Repayment mortgage – the most popular and most widely available option, where you make monthly repayments for an agreed period of time until you’ve paid back both the capital and the interest.
Interest-only – with this type of mortgage, you only pay interest and at the end of the mortgage term you still owe your lender the amount that you borrowed, so you’ll to have plans in place to repay the original loan.
New build mortgages – if you’re thinking of buying a new build property, there are many things to consider. Contact us to explore the advantages and disadvantages.
Help to buy mortgages – a government backed initiative to assist first time buyers and those seeking to climb the property ladder to buy a property with a deposit as little as 5%. Talk to us to find out more.
Remortgages – in some cases, homeowners can save hundreds of pounds a year by moving their mortgage to a more attractive rate with a different lender. Remortgaging can also work if your property has increased in value and you want to free up some cash from the equity tied up in your home, or if you want to make higher repayments to shorten your mortgage term.
Buy-to-let mortgages – more and more people are becoming landlords and investing in property to rent out. If you’re thinking of doing this you need to take out a mortgage specially designed for this type of purchase.
Let-to-buy mortgages – in essence, this type of mortgage arrangement means you can rent out your existing property, allowing you to take out a mortgage for a new home using the rental income to cover the cost.
Large mortgages – if you need a mortgage for over £1m, then we can introduce you to the lenders and private banks which specialise in catering for larger, more complex financing deals. We can help you source the most suitable terms and a mortgage that fits your particular circumstances.
Foreign national mortgages – if you are a non-UK national and want to invest in the UK property market, we can help you find the specialist mortgage you will need to buy a property here.
So, if you are looking for mortgage, give us a call to discuss.
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