 Find the mortgage that is right for you
Lenders offer a range of products designed to cater to the requirements of different types of
borrowers including fixed rate, flexible, trackers, first time
buyer options, buy to let and schemes for non standard borrowers
including the self employed. But it can be difficult to work out
the best mortgage deals for you, especially when you don't know what the options are.
In today's mortgage market there are fewer products available for non standard borrowers
and lending criteria has become more restrictive. For instance self certification mortgages for the self employed have been withdrawn, so if you're a self employed borrower it's more important than ever to get expert advice. Products on
offer can change rapidly, so a mortgage available today can be
withdrawn or replaced tomorrow. All this can make it more
difficult to track down a mortgage suitable for you.
A specialist broker has access to the whole mortgage market in the UK and
because of their independence will source the best mortgages
for you. Whichever kind of borrower you are, a first time buyer, looking to
move to your next home, wanting to remortgage to a better rate,
have a poor credit history or self employed, in today's
uncertain market is pays to seek advice from a
specialist broker. They could save you a lot of stress by
shopping around on your behalf for the best mortgage deals.
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| First Time
Buyer
Buying your
first home is always the toughest step on the housing
ladder. The mortgage market has contracted following the credit
crunch, meaning there are fewer products on offer with high loan
to values, meaning you'll need a bigger deposit.
Get expert advice on which lenders offer the best
deals for first time buyers.
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Fixed Rate
If you like to
have the security of a rate that won't change for a
certain period of time, then a fixed rate mortgage may
be suitable for you. There are usually fixed rate
mortgages for 2, 3, 5 or sometimes 10 years.
Contact a mortgage adviser to advise you on the best
fixed rate mortgages.
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Self Employed
Self employed customers have traditionally been hard done by when applying for mortgages – they’re considered a higher risk and as such are charged more in both upfront costs and higher rates.
Self certification mortgages up until recently offered the self employed,
contractors, freelancers, company directors, commission based
workers and people with more than one source of income a means
to getting a mortgage. Unfortunately these products are no
longer available, but all is not lost as even though some
lenders may not be interested in your business, others
may be very keen to snap you up as a customer. A specialist advisor can advise
on the best mortgages for the self employed. |
Remortgage
When a deal comes to an end, moving to a new lender
will always be tempting and cost effective for many
borrowers.
If you have been with your current lender for a long
time, chances are you will no longer be liable to pay
early repayment charges, meaning you are free to move to
any lender in the market. In this case, and particularly
if you are languishing on an uncompetitive rate, it
could make sound financial sense to look around the
market and move to a new lender. With a remortgage you
could make significant monthly savings on your mortgage
payments and your new lender will probably do all it can
to make the remortgage process as hassle-free as
possible. |
Simply complete the enquiry form, and
let a specialist broker do all the
shopping around for you and provide you with a no obligation
quote.
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