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Dedicated Mortgage Advice In Rugby
Selecting the ideal Mortgage Adviser in Rugby 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 Rugby 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 Rugby
Best known for being the birthplace of the sport “Rugby” or otherwise know as “Rugby Football”, Rugby is a historic market town located in Warwickshire, England. It’s history can be traced back to Roman times, and it has evolved over the centuries into a thriving market town. During the Industrial Revolution, Rugby became a powerhouse in the manufacturing of textiles, engineering, and cement.
Rugby’s town centre boasts a mix of historic and modern architecture with a wide range of shops, restaurants and cultural attraction. Some of the more interesting and well know attractions include, Rugby Art Gallery, Rugby Theatre, Caldecott Park and the iconic Clock Town, built in the 19th century and still stands today as a symbol of Rugby’s heritage.
Overall, Rugby is a lovely little town with a unique blend of history, sports heritage and cultural attractions. Home owners in Rugby benefit from a strong sense of community with a variety of community events, festivals and social gatherings through the year. Rugby is also really well-connected with good transportation links to London, Birmingham and other major cities, making it a great destination for anyone needed to commute for work or travel frequently.
Get in touch today:
Kuldip Tiwana
Mortgage Adviser Rugby
Kuldip covers the West Midlands area.
Kuldip is a former Police Officer. She is a keen swimmer in her spare time.
Our Mortgage Advise In Rugby 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.
