Mortgages

Your mortgage is likely to be your biggest financial commitment so shopping around for the best deals is important and makes sense.

At Emma’s Properties our mortgage advisor can help find you the right mortgage by comparing deals from different lenders across the whole of the market – so you can be confident you’re getting the right deal for you.  There are a number of types of mortgages available including:

First-time buyer mortgage
As a first-time buyer you may have a smaller cash deposit to put towards the purchase of your first home. You may also want to explore the market to find a suitable loan for your. There are various types of mortgage options out there offered by lenders including fixed rates, tracker rates, discounted variable rates, standard variable rates, offset and interest only. We’ll help you find the best mortgage that suits your needs.

Remortgage
A remortgage is when you already have a mortgage for your property, and you opt to switch to a new deal, often with a different lender. Remortgaging can help you save money by getting a lower interest rate and better terms. Many lenders are offering incentives to for home owners to switch. The benefits of remortgaging can be to reduce your monthly payments, securing a better interest rate and shortening the time it will take to pay back. It can also be a good option if you want to borrow more to afford home improvements or pay off other more costly debts, such as credit card loans etc.

Buy-To-Let mortgage
A buy-to-let mortgage is one that has been designed specifically for people looking to purchase property as an investment, rather than as somewhere to live. If you’re buying a house or flat and intend to rent it out to tenants you need a buy-to-let mortgage. The rules around buy-to-let mortgages are similar to those around regular mortgages, but there are some key differences which our mortgage adviser will explain to you.