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Dedicated Mortgage Advice In Plymouth
Selecting the ideal Mortgage Adviser in Plymouth 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 Plymouth 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 Plymouth
Plymouth is a beautiful port city nestled in the South West of England. With its stunning coastal scenery, fascinating history, and vibrant atmosphere, Plymouth is a captivating destination that seamlessly combines tradition with contemporary charm. With a estimated population of 264,200, Plymouth is a population for home owners looking for a city with lots to do, plenty of places to visit and a place close to the coast.
Known for its thriving cultural scene, Plymouth features a diverse range of art galleries, museums, and theaters. Plymouth hosts a busy city center with a variety of modern shopping centers, independent boutiques, and a vibrant nightlife.
Also known for it its Naval Importance, Plymouth is home to one of the largest operational naval based in Western Europe.
Get in touch today:
Kerrie Dawes
Mortgage Adviser Plymouth
Kerrie is based in Plymouth and specialises in shared ownership. She has previous experience working for a housing association.
Our Mortgage Advise In Plymouth 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.
