Getting the right mortgage advice is so important when choosing a mortgage to buy a new home. This is probably one of the biggest financial decisions you will make. With thousands of different mortgages on the marketplace it can seem like an impossible maze to find your way through.
We can find a mortgage product to suit your own individual requirements. Whether you need a mortgage to buy your first home, moving on to your next home or you wish to remortgage to an alternative lender, we will endeavour to recommend a product to suit your needs.
Bespoke Money can take advantage of market leading technology which is updated on a daily basis and is part of one of the UK's largest networks which provides us with access to exclusive products from various lenders. This enables us to bring you competative whole of market mortgage deals. Our philosophy is not just to provide a one-off mortgage advice solution, but to monitor the market to ensure you have the most suitable products and services on offer. Our goal is to provide you with such a high standard of service, you will remain a client for the full duration of the mortgage.
Contact a Bespoke Money Mortgage Advisor today to see what we can do for you.
What Type of Mortgages are Available?
There are basically two major types of mortgage repayment methods available in today's market:
A Repayment Mortgage is structured so that the monthly mortgage payments, comprising partly of capital and partly of interest, pay off the original amount borrowed as well as the interest that would be accrued over the mortgage term, by the end of the term.
Interest only Mortgages
Interest Only Mortgages are so called due to the fact that you only pay interest to the lender each month. The original loan amount remains the same for the term of the loan. Therefore a suitable investment is required to run in conjunction with the mortgage in order to repay the loan balance at the end of the term. The most common investments used for this purpose include Pension, Endowment and ISA.
There are various mortgage products on the marketplace such as Fixed Rate, Tracker Rate and Standard Variable Rate. The products available will change on a daily basis. From our comprehensive panel we can access competative rates on the market and we will recommend an appropriate mortgage product that will reflect your needs. This can be for a mortgage to buy your new dream home or remortgage for improvements to an existing home.
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