How we work

1. Extensive Lender Network: We have access to a wide network of connections with a variety of mortgage lenders. We have established relationships with both mainstream lenders and niche lenders, enabling us to offer a broad range of mortgage options to our clients.

2. Market Expertise: We possess in-depth knowledge of the mortgage industry, staying up-to-date with the latest market trends, interest rates, and lending criteria. We understand the nuances of different mortgage products and can provide valuable insights and guidance to borrowers.

3. Tailored Mortgage Solutions: We can access many lenders and offer personalised solutions tailored to each client's unique circumstances. We assess the borrower's financial situation, goals, and preferences and match them with suitable lenders and mortgage products. This allows borrowers to choose from a variety of options that best fit their needs.

4. Impartial Advice: We act independently, meaning we are not tied to any specific lender. We provide impartial advice based on our expertise and the borrower's requirements, ensuring that the recommended mortgage options are in the borrower's best interest.

5. Efficient Comparison and Negotiation: Brokers with access to multiple lenders can efficiently compare mortgage offers from different institutions. We analyse interest rates, terms, fees, and other factors to help borrowers make informed decisions. We also negotiate on behalf of borrowers to secure competitive rates and favourable terms.

6. Streamlined Application Process: We assist borrowers throughout the entire mortgage application process. We handle the paperwork, gather the necessary documentation, and liaise with lenders on behalf of the borrower. Our expertise and familiarity with various lenders' processes help expedite the application and approval process.

7. Ongoing Support: We provide ongoing support to our clients. We continue to monitor the market and keep clients informed about any opportunities to refinance or switch to better mortgage deals. We also provide guidance and support during the entire term of the mortgage.

•  In the UK, there are several different types of mortgages available to borrowers, each with its own features and suitability for various financial situations. Here are some common types of mortgages in the UK:

• Fixed Rate Mortgage: With a fixed rate mortgage, the interest rate remains unchanged for a specific period, typically ranging from 2 to 10 years. This allows borrowers to have predictable monthly payments, as the interest rate and mortgage repayments remain steady throughout the fixed rate period. At the end of the fixed rate term, the mortgage usually switches to the lender's standard variable rate (SVR).

• Variable Rate Mortgage: A variable rate mortgage, also known as a tracker mortgage, has an interest rate that fluctuates in line with an external benchmark, often the Bank of England's base rate. As the benchmark rate changes, the borrower's interest rate and monthly repayments can increase or decrease accordingly. Variable rate mortgages may have an initial fixed rate period, after which they switch to a variable rate.

• Standard Variable Rate (SVR) Mortgage: The SVR is the default interest rate set by the lender and can vary at the lender's discretion. Borrowers who have completed their fixed or introductory rate period often move onto the lender's SVR. SVRs can change at any time, typically influenced by the Bank of England's base rate, and may not be the most competitive option in the market.

• Discounted Rate Mortgage: A discounted rate mortgage offers a discount on the lender's SVR for a set period, typically 2 to 5 years. The discount reduces the interest rate below the SVR, resulting in lower monthly repayments during the discounted rate period. After the discount period, the mortgage usually reverts to the lender's SVR.

• Offset Mortgage: An offset mortgage links the borrower's savings or current account with their mortgage. The borrower's savings balance is offset against the mortgage debt, reducing the amount of interest paid on the mortgage. While the borrower doesn't earn interest on their savings, they can pay off their mortgage more quickly or reduce monthly repayments.

• Interest-Only Mortgage: With an interest-only mortgage, borrowers only pay the interest charges on the loan during the mortgage term. This means the monthly payments are lower than with a repayment mortgage. However, at the end of the term, the borrower is responsible for repaying the original loan amount in full. These mortgages often require a separate investment or repayment vehicle to generate funds for the final repayment.

• Buy-to-Let Mortgage: Buy-to-let mortgages are designed for individuals who want to purchase a property to let out to tenants. These mortgages take into account the rental income potential of the property as well as the borrower's financial situation. Buy-to-let mortgages may have different interest rates, deposit requirements, and affordability criteria compared to residential mortgages.

• These are some of the main types of mortgages available in the UK. It's important for borrowers to consider their financial circumstances, goals, and preferences when choosing the most suitable mortgage option for their needs. Working with a mortgage adviser or broker can provide valuable guidance in navigating the mortgage market and selecting the right mortgage product.