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Mortgages Home
We can access a range of mortgages from over 50 of some of the UK's most well-known lenders. What is more we also have access to some Network Exclusive Mortgage Deals which are not available through high street lenders.
By clicking the links below in the "types of mortgages" section below you can find out more information about each type of mortgage and learn how we can help in obtaining the right mortgage for you.
There is some valuable information further below about the different types of mortgage choices available; We hope this will help you bust some of the jargon and make things more clear in helping you understand some of the technical terms. 
Your home may be repossessed if you do not keep up repayments on your mortgage
Types of Mortgages
*Some Buy To Let and commercial mortgages are not regulated by the Financial Conduct Authority.
Repayment Methods
Your home may be repossessed if you do not keep up repayments on your mortgage
Types of Mortgages
   Standard Variable Rate (SVR)
     A Standard Variable Rate mortgage, sometimes known as SVR, does exactly what it says on the tin. The interest rate varies, for example an increase in the Bank of England (BoE) base rate will usually lead to lenders increasing their own standard variable rate, which in turn will mean that borrowers with an SVR will see their payments increase. If the BoE base rate decreases so will the SVR and consequently the borrowers payments. The monetary policy committee reviews the BoE base rate every month. With a Variable Rate you probably will not get penalised if you decide to change lenders and you may be able to pay additional amounts without penalty. Many lenders do not offer their Standard Variable rate to new borrowers.
   Fixed Rate
     A Fixed Rate also does exactly what it says. The rate of interest (and also the monthly payment) is fixed for an agreed period, typically from 1 to 5 years but can be more, and longer terms are becoming more common. The fixed rate mortgage market is very competitive and rates are currently at historical lows. The main benefit with a fixed rate mortgage is that it enables an individual to budget with certainty, knowing exactly what their repayment will be for a given period of time. They will be protected from interest rate rises during that time but could lose out on an interest rate fall. Early repayment charges are usually imposed by the lender if the loan is paid off during any fixed rate or promotional period.
Your home may be repossessed if you do not keep up repayments on your mortgage
   Discounted Rate
     A Discounted Rate mortgage simply offers a discount to the lender's standard variable rate for a given period of time, and is designed to attract new customers just like a fixed rate product. The discount is genuine in that the interest saved is not added to the loan. A discounted rate is a variable rate product but the borrower has the reassurance that their interest rate will be less than the lender's Standard Variable Rate (SVR) for a period of time. After a discounted rate comes to an end the borrower is usually switched onto the lender's SVR. You may have to pay penalties for over payments and early repayment, and the lender may choose not to reduce (or to delay reducing) their variable rate, even if the base rate goes down. Discounted mortgages can give a gentle start to a mortgage at a time when money may be tight. You must however be confident that you can afford the higher payments once the rate reverts back to the lender's SVR, or if the SVR was to increase significantly.
   Tracker Rate
     Tracker Mortgages are variable rate mortgages which track a given interest rate, i.e. if a base rate tracker follows the Bank of England Base Rate (BoEBR) for a given period. During that period the interest rate is set at a percentage rate above or below the base rate. i.e. if a base rate tracker is set 2% above the base rate then it will follow the interest of the base rate while constantly remaining 2% above it. A LIBOR tracker for example would follow the 3-month London Inter-Bank Offer Rate (LIBOR), which is the rate at which banks lend to each other. You may have to pay a penalty if you leave your lender, especially during the tracker rate period. You may also have to pay early redemption charges if you pay back extra amounts during the tracker period. A tracker may be suitable if you can afford to pay higher amounts when the interest rate increases, while allowing you to benefit from lower payments in times of low interest rates.
Your home may be repossessed if you do not keep up repayments on your mortgage
   Capped Rate
     A Capped Rate mortgage is a standard variable rate mortgage which can benefit the borrower in two ways. The borrower's mortgage rate will follow the lender's SVR up to a certain level, which is the capped rate, for a specific period. Where the lender's SVR rises above the cap, the borrower will continue to only pay the capped rate i.e. there is a limit (the cap) on what a borrower will pay. This enables the borrower to benefit from any drops in the lender's SVR whilst, at the same time, knowing that the maximum they will pay cannot go above the cap rate. Similarly there is sometimes also the collar, which is effectively the same but inverse of the cap rate. It is a lower limit where, if the lender's SVR drops below the collar rate then the borrower will be required to maintain payments at the collar rate. This gives an element of certainty i.e. knowing the minimum and maximum that a borrower could pay during a specific period. The borrower will not benefit from the drop in SVR below the collar rate if there is one present. A capped rate ( and collar rate) is normally only for an introductory period, after which the rate will revert back to the lenders normal SVR. 
   Offset Mortgage
     An Offset Mortgage is where the borrower or account holder's savings and mortgage are held in linked accounts. The savings held in the savings account are offset against the mortgage account, which means that mortgage interest is only paid on mortgage account balance after taking into account the amount in the savings account. The savings are not tied into the mortgage and can be withdrawn at any time. For example if you borrowed £200,000 and have £50,000 in savings in a linked account you would only pay interest on the £150,000 mortgage balance. These mortgages generally tend to be more expensive than standard deals, but can reduce your monthly payments, without restricting access to your savings.
Your home may be repossessed if you do not keep up repayments on your mortgage
   Cashback Mortgage
     A Cashback Mortgage is an incentivised mortgage product which offers a tax-free lump sum to the borrower, generally a given time after the purchase is completed. Historically it was possible to receive a significant sum from a cashback mortgage, however in the current market the incentive sums are much lower. Generally speaking if the mortgage is paid back within a specified timescale or over-payments are made over a certain level, then the cashback incentive may be required to be refunded to the lender, early repayment charges may also apply as well.
   Flexible Mortgages
     A Flexible Mortgage scheme allows the borrower to overpay, underpay and sometimes even to take payment holidays. Any interest which is not paid during a payment holiday will be added to the outstanding mortgage amount, and any overpaid amounts will reduce the amount of interest paid over the term of the mortgage. Some flexi mortgages even have the ability to borrow additional funds in an agreed drawdown facility up to a certain pre-agreed limit.
Your home may be repossessed if you do not keep up repayments on your mortgage
   Government Backed Schemes
     There are various government Help to Buy schemes available - such as the Help To Buy Shared Ownership scheme - which exists to support First Time Buyers and home-movers. We can explain the benefits of these schemes and whether they are appropriate for you and if you can benefit from them.
   Buy To Let Mortgage
     A Buy To Let Mortgage is designed to enable a person or company to purchase a property for investment purposes; letting out to tenants, rather than for owner occupation. Some Buy To Let mortgages are not regulated by the Financial Conduct Authority. The Buy To Let market is changing at a fast pace. Get in touch today for some help and guidance on finding the right mortgage.
Your home may be repossessed if you do not keep up repayments on your mortgage
Repayment Methods
   Capital Repayment
     A capital repayment mortgage consists of partly repaying the capital borrowed as well as paying interest charges each month. If the borrower makes all the monthly payments during the term of their mortgage, then the loan is guaranteed to be paid off at the end of the mortgage term. The benefit of this is that the debt outstanding is reduced and paid off over the term of the mortgage, and so the amount borrowed is guaranteed to be repaid at the end without the need of any additional investment vehicle or lump sum payment. 
   Interest Only Mortgage
An interest only mortgage is where the borrower makes monthly mortgage payments which consist of the interest element only, no capital is repaid from the monthly payment. The full capital amount remains outstanding during the term of the mortgage and is repaid in one lump sum at the end of the mortgage term. This means that the monthly payments will be less than those of a capital repayment mortgage for a similar loan amount. The borrower is usually required to have an investment vehicle, or other viable repayment strategy running along side the mortgage to build up and provide the lump sum required to pay off the loan at the end of the term. This investment vehicle is usually required but is not part of the mortgage itself.
Your home may be repossessed if you do not keep up repayments on your mortgage
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Your home may be repossessed if you do not keep up repayments on your mortgage
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