Being independent advisers at The Mortgage Factory, we specialise in giving impartial advice on all types of mortgages. We have access to the 'Whole of Market' for a wide range of products including those offered by all the major lenders. By using a live online system it enables us to have up-to-date awareness of products and changes in lending criteria as they happen. This gives us the facility to quickly select a mortgage solution suited to you, often obtaining mortgage approvals immediately. We Offer;
- First Time Buyer Mortgages
- Home Mover Mortgages
- Re Mortgages
- Buy To Let Mortgages
- Lifetime Mortgages (Equity Release)
- Commercial Mortgages
Sarah McDonald
Gary & Gayle Forster
You may have lots of questions about how to get a mortgage and which type suits you best. For example, should you choose a fixed rate, a discount, capped or tracker mortgage? We can help you understand the difference between the various options, and help you secure a mortgage that suits your circumstances. Here are some of the main mortgage types and ways to repay that you might want to consider:
What type of mortgage to choose?
With a fixed mortgage you’ll have the security of knowing exactly what your payments are going to be each month while with a variable/tracker mortgage you will take the risk that your monthly payments may move up or down.
How to pay back your mortgage?
With a repayment mortgage you will pay both capital and interest back with each monthly payment.
On an interest only mortgage, you only pay the interest each month. You will therefore need to make provisions for a suitable repayment plan to repay the capital.
The Financial Services Authority does not currently regulate Commercial Lending or Buy to Let Mortgages.
We do not normally charge a fee as we are paid by the lender. However, you have the option to pay us a fee for mortgage advice and receive any commission which we are paid by the lender. If you choose this option, we estimate a fee of £495.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments your mortgage or any debt secured on it.
Mortgage Factory UK Ltd is an appointed representative of Intrinsic Mortgage Planning Limited, which is authorised and regulated by the Financial Services Authority. Intrinsic Mortgage Planning Limited is entered on the FSA register (www.fsa.gov.uk/register/) under reference 440718.