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Dedicated Mortgage Advice In Oxford
Selecting the ideal Mortgage Adviser in Oxford can at times be challenging. Finding a deal that perfectly suits your needs and budget can be difficult, given the wide range of possibilities on the market. Speak with our Oxford based Mortgage Adviser today to help you with finding a deal that suits you.
At Warren & Co we will pass your enquiry to a qualified adviser who will provide you with specialist advice on one or more of the following facilities available to you. All of our mortgage advice is free of charge.
More About Oxford
Best known for the prestigious “University of Oxford”, Oxford is home to some of the most stunning architecture in the UK. The University of Oxford, founded in the 12th century is the centrepiece of the city and is a renowned academic institution. It consists of 38 independent colleges and numerous departments that are scattered throughout the city, each boasting its own distinctive character and history.
The incredible architecture n Oxford doesn’t stop at the University, Oxford is home to some beautiful landmarks including, Redcliffe Camera, Christ Church College, Ashmolean Museum and the Carfax Tower, which stands at the junction of four major streets and offers beautiful panoramic views of Oxford’s skyline.
Oxford hosts a range of events and festivals through the year and one of the more popular ones is the Oxford Literary Festival celebrating literature and authors. Oxford is the perfect location for anyone who loves the outdoors and rich English culture. Being a “pedestrian-friendly” city, it has an extensive network of cycle paths and pedestrianised zones making it easy to travel around the city without a car. There are plenty of green spaces and outdoor parks for nice walks and bike rides. The transportation links are very good with regular trains to London and other major cities making commuting easy.
Get in touch today:
Patrick Mellor
Mortgage Adviser Oxford
Patrick covers Oxfordshire and Gloucestershire. A big rugby and cricket fan, as well as playing golf.
Our Mortgage Advise In Oxford Includes
Fixed Rate
A fixed rate mortgage has an interest rate that is fixed for an initial period, for example 2, 3 or 5 years. This means your monthly mortgage payment will remain the same during this period, which allows you to budget your monthly expenditure. At the end of the fixed rate period, the mortgage usually transfers to the lender’s standard variable rate (SVR), however we will contact you before this happens to find you a new fixed rate.
Tracker
A tracker mortgage usually tracks the bank Bank of England base rate, and as a result, your mortgage payments will change when the base rate changes. The benefit of this type of rate is that they usually do not have tie in periods or exit charges, and so offer the flexibility to make overpayments or repay the mortgage early without incurring any penalty charges.
Interest Only
An interest only mortgage means your monthly payments only pay the interest on the mortgage, not the actual loan itself. This allows you to secure the property you want and then clear the loan’s capital later on when your financial position permits it. However, this is easier said than done as most residential lenders have strict rules and criteria as to who they will allow an interest only mortgage to.
Offset
If you have a large amount of savings, instead of a standard savings account, you could place them in an offset account linked to your mortgage. This means you won’t pay interest on the mortgage debt equivalent to the amount of savings. The interest you are likely to be charged on your mortgage will usually be higher than the interest you will earn on your savings, so offsetting can make your savings work harder.
Bridging Loans
Bridging loans are designed to help people complete on the purchase of a new property before their current property has been sold. As they are only designed as a short term loan, the interest rate can be very high. Advice should always be sought as there can often be hidden costs and administration fees.
