"Open for business" mortgage advice

Buying a home is one of the biggest financial decisions you will ever make. It can also be one of the most stressful and complicated ones. That’s why you need a mortgage advisor to guide you through the process and help you find the best deal for your situation.

A mortgage advisor is a professional who can offer you impartial and expert advice on mortgages. We can help you with:

• Finding the right mortgage for your needs and budget
• Comparing different lenders and products
• Negotiating the best interest rate and terms
• Applying for a mortgage and completing the paperwork
• Dealing with any issues or delays that may arise

We can save you time and money by:

• Doing the research and legwork for you
• Accessing exclusive deals that are not available to the public
• Avoiding costly mistakes and pitfalls
• Saving you from paying unnecessary fees and charges
• Protecting you from scams and frauds

We can also offer you ongoing support and advice throughout your mortgage term. We can help you with:

• Remortgaging when your deal expires or your circumstances change
• Switching to a better deal or lender
• Making overpayments or underpayments
• Managing your mortgage account
• Dealing with any changes or difficulties that may affect your repayments

As a mortgage advisor, we have the experience, knowledge and skills to help you achieve your homeownership goals. We work with a wide range of lenders and products, so we can find the best solution for your unique situation. 

We often get asked about mortgage protection insurance. What is it, how does it work, and why do you need it?

Mortgage protection insurance is a type of life insurance that can pay off your mortgage if you pass away or become terminally ill during the policy term. This means your loved ones won’t have to worry about keeping up with the mortgage payments or losing their home if something happens to you.

There are other different types of mortgage protection insurance available, depending on what you want to be covered for:

• Critical illness - this can pay out a lump sum if you’re diagnosed with one of the specified conditions covered by the policy, such as cancer, heart attack or stroke. You can use this money to pay off your mortgage or for any other purpose.
• Income Protection (Accident and sickness Cover) - this can cover your mortgage repayments if you’re unable to work because of serious illness or injury. (But it won’t pay out if you lose your job)

Mortgage protection insurance is also sometimes called decreasing life cover, because the amount of cover decreases over time as you pay off your mortgage. This means the premiums are usually lower than other types of life insurance.

Mortgage protection insurance can give you peace of mind that your mortgage will be paid off if something happens to you. It can also help your family avoid financial stress and hardship in a difficult time.

If you’re interested in getting mortgage protection insurance, we can help you find the best deal for your circumstances. We can compare quotes from different providers and advise you on the level and type of cover that suits your needs. I can also help you with the application process and answer any questions you may have.

Mortgage protection insurance is not compulsory, but it’s a good idea to consider it if you have a mortgage and especially if you have financial dependents. It can be a valuable safety net that can protect your home and your family’s future.

There are many different types of mortgages available in the market, each with its own features, benefits and drawbacks. The main types of mortgages are:

• Fixed rate mortgages: These mortgages have a fixed interest rate for a set period of time, usually two to five years. This means your monthly payments will stay the same regardless of what happens to the Bank of England base rate or the lender’s standard variable rate (SVR). Fixed rate mortgages offer you certainty and stability, but you may pay more than the market average if interest rates fall. You may also face a penalty if you want to switch to another deal before the end of the fixed term.
• Variable rate mortgages: These mortgages have an interest rate that can change depending on various factors, such as the Bank of England base rate, the lender’s SVR, or the market conditions. This means your monthly payments can go up or down over time. Variable rate mortgages can offer you flexibility and lower initial rates, but you also face the risk of paying more if interest rates rise. There are different types of variable rate mortgages, such as:
  • Tracker mortgages: These mortgages track the Bank of England base rate plus a set percentage. For example, if the base rate is 0.1% and your tracker is base rate plus 2%, you will pay 2.1%. If the base rate goes up or down, so will your interest rate and monthly payments. Tracker mortgages can offer you competitive rates and transparency, but you need to be prepared for fluctuations in your payments.
  • Discounted rate mortgages: These mortgages offer you a discount on the lender’s SVR for a set period of time, usually two to five years. For example, if the SVR is 4% and your discount is 1%, you will pay 3%. If the SVR goes up or down, so will your interest rate and monthly payments. Discounted rate mortgages can offer you lower initial rates and savings compared to the SVR, but you are at the mercy of the lender’s decisions.
  • Capped rate mortgages: These mortgages have a variable interest rate that can go up or down, but with a limit on how high it can go. For example, if your capped rate is 5%, your interest rate will never go above that level, even if the SVR or the base rate does. However, it can still go below that level if the market conditions allow. Capped rate mortgages can offer you protection from extreme interest rate rises, but they may also charge higher fees and rates than other variable deals.