UK Mortgage Quote - Best Deals

With the recent increase in the number of lenders entering the housing market it pays to shop around for your mortgage quote. Whatever your requirements we are able to provide many different products from our panel of lenders and can guarantee that you will always get a good deal. Whether you are a first time buyer or a property investor, our specialist mortgage advisors will assess your needs and take the stress out of your search. Because we are not tied to any particular lender we can offer you impartial advice and special deals and rates which many other lenders don’t have access to.

A mortgage and a property purchase are the biggest financial commitment that most people will ever make. It is important to consider the kind of mortgage that you want and the amount that you can afford to borrow. Lenders are likely to take into account the comparison between the loan amount and the value of the property when assessing the interest rate. The less you borrow and the more you own will increase the possibility of a low rate mortgage quote.

If you are self employed or a contactor then this can have many benefits – that is until it comes to getting a mortgage quote. Our lenders appreciate the typical hurdles that some High Street banks and building societies expect you to jump over but now there are other lenders that recognize the needs of the growing number of self-employed people, many of whom make ideal borrowers, but they are different to those who can rely on a regular income. The fact that you are self employed or a contractor is now no bar to borrowing at reasonable rates.

A sensible guideline about how much lenders are prepared to lend is that mortgages will be based on 3.25 times the gross income of a single borrower. For joint applicants the maximum loan is likely to be 3.25 times the first income, plus one times the second income, or 2.5 times joint income.

If you require a mortgage quote for products where the interest rate is set for a fixed period of time then this is called a fixed rate loan. Once the fixed period has ended it is no longer set at a fixed rate and you will usually be required to pay the lender's standard variable rate. One consideration is that standard variable interest rates may drop below the rate you are paying on a fixed rate loan. Many people look around to other lenders for a more competitive standard variable rate once the fixed rate period has ended. Variable rate mortgages fluctuate in line with the Bank of England interest rate rises and falls.

There are many other types of mortgages which are not covered here but when looking for a mortgage quote our advisors will advise you on the best available products based on your personal circumstances and preferences

MORTGAGE LOAN INFORMATION

UK FINANCIAL SERVICES

UK Financial Services represents a dedicated nationwide team of independent financial advisors, lawyers, accountants and actuaries who are amongst the most experienced financial experts in the country. If you need a mortgage loan they will put you in touch with the person or firm that they believe is best suited to your needs. They have no permanent affiliation to any individual or organisation and are constantly seeking to upgrade and expand their panel of lenders by using client feedback and by ensuring that they are up to date with all current financial developments.

UK Financial Services experts provide mortgage loan information and can arrange lending at highly competitive rates. They are not a loans company, a bank or a building society and are able to consider each case on a totally individual basis. They do not believe that ‘one size fits all’ and you will receive a unique and individual service tailored to your specific borrowing needs. After consideration of all of your personal circumstances by use of a detailed ‘fact find’ they will be able to make the necessary arrangements to ensure that you get the best possible service from independent financial advisors who are in tune with your individual needs.

UK Financial Services can arrange a mortgage loan in cases where the applicant may have had some difficulty in arranging secured borrowing either due to a chequered financial history or in the case of the self employed who may not have been in business long enough to provide a substantial track record. Whilst in these cases interest rates may suffer an individually assesed risk based increase they are non the less often able to provide secured lending at reasonable rates in cases where there have been previous rejections.

UK Financial Services are able to arrange mortgages at very competitive rates with some of the largest (and some of the smallest) lenders in the country. They offer a bespoke service for whatever type of borrowing you need. The most common lending on offer includes :-

• Fixed Rate - In this case the interest rate is fixed in advance over the period of the loan which provides certainty in regards to repayments.

• Variable - The interest rate charged by the lender fluctuates month by month dependent on the prevailing economic climate. Installments may go up or down throughout the life of the loan.

• Flexible - Means that the lender has a degree of flexibility in regards to how and when the loan is repaid without extra charges or penalties.

• Repayment - This type of borrowing requires repayment of both capital and interest and at the end of the term the loan will be repaid in full.

• Interest Only - In this case the lender only pays interest and the amount of the original loan remains outstanding for the life of the loan.