Compare Mortgages
When considering comparing mortgage a lot of customers will only consider high street lenders but there are so many other options available now that shouldn’t be overlooked. Another way customers like to compare mortgages is by looking at online comparison sites, while these can be useful to give you an overview there is a lot of criteria and background calculations that banks will take into account that a website cannot account for.
We will take into account all the information gained from our fact find regarding your personal circumstances and preferences before making a personal recommendation having reviewed all options available from the whole of the market. Various factors can influence this, such as if you are employed as a contractor, self-employed, looking at professional mortgages or something that is getting more popular such as holiday lets.
Using benefit income or allowances can be considered or even a joint mortgage with a parent. Whatever your circumstances may be we can offer support and guidance.
Call today on
01603 555426
How to compare mortgages for different situations
Are you a looking to move?
We will look at your existing mortgage provider and see what they will offer, this will include if you are eligible to ‘port’ (move) your mortgage. We will then consider all the new offers available to you, compare your options, and work out what is the most cost effective way for you to proceed. We can help with estimating your moving costs in our initial appointment so you can seriously consider any offers you receive on your property confidently. If you are struggling to sell we can see if a ‘let to buy’ transaction is a possibility too.
Are you remortgaging?
Remortgages are the most common type of mortgage transaction and are often overlooked as customers favour staying with their current provider. They simply switch to a new deal over the phone or online but there could be cheaper options. This is the time to compare against all other high street banks, building societies and other smaller lenders to see if cheaper alternatives are available.
We will compare all eligible deals and help with the entire process having also reviewed what your current bank will offer to get you the best mortgage deal. Did you know you can now look to secure a new mortgage deal 6 months before your current deal ends? This will secure the rate when you apply which can be advantageous at a time when interest rates are rising. Although a solicitor is needed for a remortgage, a lot of mortgage deals include this for free. The paperwork is straightforward and we will help you with this.
At the same time you may wish to revisit your needs and borrow additional funds for home improvements or to consolidate debt.
Are you purchasing a buy to let?
Purchasing a buy to let can offer short term income from the profit from the rent and also long term income through capital growth assuming the value of the property increases. Investors often take an interest only mortgage to maximise their return and minimise the risk as the rent comfortably covers the mortgage payment. There is different criteria to consider when looking at a buy to let mortgage.
We will also talk you through the additional costs you can expect to incur as a landlord and can put you in touch with local letting agents to get a good ideal of the expected rental income. Whether a first time investor or experienced landlord, it is important to review your whole portfolio and look to make cost savings wherever possible. Whether you have 4 or 400 properties being whole of market we have lenders that can help.
Can you let to buy?
Have you found a new property but haven’t yet sold? Then consider let to buy. Turn your existing property into a buy to let. Raise additional funds if needed and then use these towards the new home purchase. You get to keep your existing home as an investment and the monthly income it will generate, whilst also benefiting from any increase in value. You can then buy your dream home with no chain. This option can often be overlooked but this is one example of how we like to look outside the box.
Interested in holiday let?
With the rise in popularity of air bnb, this is something we are getting more enquiries about as most high street lenders won’t consider them. Being whole of market we have various lenders that will lend on air bnb or standard holiday let.
Are you interested in new build properties?
Popular for first time buyers and those looking for lower maintenance costs. We have specialist experience dealing with new build purchases and will always consider all the necessary timeframes prior to making our recommendation. If you previously purchased using the help to buy equity loan scheme we can discuss all options when you are looking to remortgage and will consider if you can repay the loan.
Note: Your home may be repossessed if you do not keep up repayments on your mortgage. Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. You may have to pay an early repayment charge to your existing lender if you remortgage. Not all Buy to Let Mortgages are regulated by The Financial Conduct Authority.