With options for overpayment and payment ‘holidays’, a flexible mortgage can make the traditional 25-year British mortgage look rather old-fashioned.
Mortgages
Whether you are a first time buyer, moving home, looking to remortgage or are considering buying a property to let out, Cox Financial can help you find a mortgage that is right for you and the interest rate option most likely to suit your needs.
With so many mortgages available and as more and more lenders now only deal with consumers over the phone, having an experienced mortgage advisor on hand to guide you through the mortgage process could help you achieve better long-term value for money, save you time and minimise uncertainty.
Clients of Cox Financial can also benefit from our access to mortgage deals and competitive market offers that are exclusive to mortgage brokers.
For more information or to explore your mortgage planning options with Cox Financial, please contact us on 01772 613478 or email admin@cox-financal.co.uk and we will be happy to assist you.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Moving Home
Before you choose a specific deal, you need to decide what type of mortgage is the most appropriate for your needs.
First Time Buyers
People buying their first home often have specific needs when it comes to finding a mortgage. A range of mortages exists specifically for this market sector.
Remortgaging
Remortgaging means switching your mortgage to another deal with another lender. Most people remortgage because their existing deal has ended.
Buy to Let Mortgages
These types of mortgages are designed for property investors and private landlords, who do not intend to live in the purchased property.
Other types of mortgage
A bridging loan is taken out to ‘bridge’ the gap between the purchase of a new property and the sale of an existing one.
An offset mortgage enables you to use your savings to reduce your mortgage balance and the interest you pay on it.
Second charge loans can be secured against residential or Buy to Let properties.
These are mortgages suited to people building a new home. With a self build mortgage, money is released in stages as the build progresses.
The financial services industry regulator, the Financial Conduct Authority (FCA), has set out a new set of rules for mortgage advisers, and lenders, to improve the process of getting a mortgage.