FAQs

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Here are some of the most frequent questions we hear from our clients…

If you go straight to a lender (such as a bank), they will only advise on their own mortgage products. If you go to a mortgage broker or financial advisor, they will have information about a wider choice of mortgage lenders.

Different lenders offer different amounts, so speaking to a mortgage professional may ensure you can get the amount you need. Factors to bare in mind are secured or unsecured credit, income type, loan to value, credit score.

Again Different lenders offer different amounts, so speaking to a mortgage professional may ensure you can get the amount you need. It also depends on the loan to value and the reason for the additional monies you are borrowing.

There are a number of options, you can look at what your existing lender will offer, or go onto their Standard Variable Rate, alternatively we can source other lenders, who can often offer cheaper rates.

You should review your mortgage regularly, to ensure that the interest rate you are been charged fits your circumstances, if you need stability of repayments, it can be worth looking a fixed rate of interest.

When looking at remortgaging, some lenders offer free Legal Fees, others dont, we will show you the difference to ensure you get the most suitable mortgage bespoke to your budget and circumstances.

The best interest rate contrary to popular belief is not necessarily the cheapest rate, other factors to take into account are Product Fees, such as arrangements, valuation, legal fees. When designing a mortgage we endeavor to fit your new mortgage to match your existing circumstances.
If you are concerned about interest rates increasing and your monthly mortgage rising, we can look at a fixed rate of interest, ordinarily this will be for 2/3/5 or sometimes longer, giving you stability of repayments.

Fixed Rates are the lowest we have ever experienced in over 30 years of been a mortgage adviser. The Bank of England Base rate is again the lowest in 30 years so the Tracker rates are fantastic.

The benefit of a fixed rate of interest is to give you stability of repayments, making budgeting easier.

We make Remortgaging nice and easy, we arrange an appointment and design the mortgage around your circumstances, we take care of all the paper work and liase with you through the process, making it effortless.

Why MortgageCo?