As a mortgage is one of the biggest investments you’ll ever make it is very important to get fully independent advice to help you through every step. If you are looking for a residential mortgage or buy to let, we have access to a wide range of providers.
Your mortgage is likely to be your biggest financial commitment and it is in your interest to make sure that your mortgage is on the best rate available.
If you have noticed your mortgage payments creeping up it is time to review your current deal.
First Time Buyer
If you are planning to buy your first house then this is one of the most important purchases you will make. Once we have completed the fact find with you we can then be sure what we recommend is affordable. Our advisers can explain the different types of mortgages available to you.
We will also research across the market for the most suitable deals for you so you don’t need to shop. We will go through every step of the way with you as we understand that this can be a daunting process for you.
With long term fixed rates currently at historic lows and in some cases even below most lenders current variable rates, now is the time to look at reducing the term of your deal whilst still keeping your mortgage premium the same.
This can save you thousands of pounds in interest as well as giving you piece of mind.
For some an offset mortgage is suitable. For lucky clients who have sufficient savings offsetting these against your mortgage can reduce your term or reduce your monthly payment.
With savings rates also at historic lows even a great 2% interest rate will only net a basic rate tax payer 1.6% and a higher rate tax payer only 1.2%. If your savings are offset against your mortgage you then do not pay interest on the offset amount at the full interest rate. You can then use this saving to either reduce your mortgage premium or the more favoured option reduce your term.
It is important to remember that you have full control of your savings.
All loans are subject to a credit search, valuation and in some cases status enquiries by the lender. Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.
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