Welcome

Welcome to the website, we are here to help you to understand the mortgage options available to you, and to aid you in getting the best possible mortgage deal to finance the purchase of your home.

The mortgage market is awash with different forms of mortgage, and each offers something different to the borrower than the last, knowing which one is right for you can be difficult. We have compiled detailed information on each of the main types available in the UK in order for you to get a better understanding of just what is out there in the market for you to choose from.

A mortgage is a long-term commitment, so getting the right one from the offset is important, of course it is possible to remortgage in order to change to a better deal, but doing so will often carry a penalty fee, so it is not something that you would want to do a short time after arranging a mortgage. Getting a mortgage that suits your current situation and which is likely to be a good fit for the near future is the best approach.

When choosing a mortgage, you need to take into account not only the APR, which determines the overall cost to the borrower, but also the type. For example, the APR on an interest only mortgage might be higher than that of a repayment mortgage of the same term, however the monthly repayments for the interest only could well be significantly less as none of the principal is being repaid.

With affordability being of huge importance to most borrowers, the type of mortgage can often be more important than the overall rate of interest. Typically speaking an interest only mortgage will carry the lowest monthly payments, but over the long term they will work out more expensive than a repayment type as the amount owed remains the same for its entire life, and at the end the borrower must repay it in one lump sum – which of course has to come from somewhere.

If you are looking for your first mortgage in order to get a foothold on the property ladder, if you are moving to a new place, or if you are simply looking to remortgage to take advantage of a better deal, then we are here for you.