Mortgages
We are part of the Think Money Group which provides a range of financial services besides bank accounts.
If you're looking for a mortgage - whether you're buying your first home, moving house or thinking about a remortgage - talk to our specialists at Think Money or apply for a mortgage quote below.
While a mortgage provider might offer nothing but their own mortgages, we're not limited like that: we work with a whole panel of lenders, which makes it so much easier to find the right deal for you.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. DEBT CONSOLIDATION MAY INCREASE THE AMOUNT TO BE REPAID IN THE LONG TERM.
Why would I need mortgage advice?
In today's mortgage market, there's more reason than ever to talk to us.
Mortgage providers have become so much more cautious since the credit crunch started, which makes it especially important to talk to someone who works with lots of different lenders and knows where to go for the best deals from the panel.
We can take you through your options and answer any questions you have about mortgages.
Is it time to fix?
One of the biggest questions a homeowner faces: fixed or variable?
A variable-rate mortgage could give you a lower rate right now, but what about the future? Do you really want your monthly payments to go up when the base rate does?
At the same time, if you're confident that rates aren't going anywhere for a while yet - or that you can cope with an increase if they do - getting that lower rate on a variable mortgage could make a lot of financial sense. Plus, variable mortgages very rarely 'tie you in' for a fixed period, so if a better deal comes along later, you may be able to switch without paying early repayment charges.
It's a tricky question (and no-one knows what the future holds), but the advisers can answer your questions and help you make the decision that's right for you.
What if I'm looking for a remortgage?
We can help. If you're coming to the end of a fixed term - or keen to find a new mortgage with a lower rate - we can help you find a new mortgage that meets your needs.
It might be a lot like your current mortgage, or it might be very different - if your situation has changed since you took out your mortgage, there's no reason why 'more of the same' should be right for you this time around.
What does LTV mean?
The LTV ratio is actually quite straightforward. It's the Loan to Value ratio - how big the loan (mortgage) is, as a percentage of the property's value.
So if a mortgage says 'max LTV 70%', it means it's only available to people with a deposit of 30% or more, which means they'd need a mortgage of 70% or less of the property's value.
Cost of property minus deposit equals LTV you need.
If you're looking at a £100,000 property, you'd only qualify for a 70% LTV mortgage if you had at least £30,000 to put down as a deposit - but if you only had £15,000, you could still qualify for an 85% LTV mortgage.
Call and talk to one of our friendly mortgage advisers at the Think Money Group to find out what we can do for you.
What if I need a debt consolidation mortgage?
A debt consolidation mortgage can be a great way to make your debts more manageable.
Rather than paying off credit cards, store cards and loans every month on top of your mortgage, you could be making just one payment per month - your mortgage payment. It's a good way to simplify your finances, reduce your monthly outgoings and clear all your high-interest debts in one go.
If your debts are a real problem, a consolidation mortgage might not be the answer, but we could help there too. Again, it's good to be part of the Think Money Group: we can refer you to debt advisers who can go through your finances with you and find out if there's a way to make your debts affordable again. Remember, if you choose to pay back over a longer term, the total amount payable may be greater.
The mortgages are arranged through Think Loans and Mortgages Limited from their panel of lenders. An arrangement fee of £495 is payable on completion. For debt consolidation mortgages the fee is 1.5% of total advance (minimum £1295, maximum £1,695). No fee for returning customers. The actual rate available will depend upon your circumstances. Ask for a personalised illustration. Calls may be recorded.
The overall cost for comparison is 4.9% APR (typical).