Home loan lender appears to be strengthening, but using a mortgage finder like First Choice Finance can help to ensure that you get the most suitable deal for you.
The Council of Mortgage Lenders` figures for April 2013 show that gross lending was higher than both the month and the year before, while it was suggested that it was one of the strongest for lending activity since late 2008.
This is great news for people wanting buy a home, but lending levels are still some way off where they were before the economic downturn, so seeking specialist advice can be important as it can pair you with a product that will work for you.
Traditional lenders like banks may be able to offer a high level of service at branch level, but they can only offer a low volume of deals due to the limited range they carry. The opposite is true if you seek a mortgage from a comparison site – there`ll be plenty of options, but the decision will come down to you, regardless of your financial experience.
However, a mortgage finder like First Choice Finance will look through their lender panel to find the most suitable product for you based on the details that you give to them. This will always be offered to you on a no-obligation basis.
Discover more about how you can find a mortgage, or even a second mortgage, by calling from a landline on 0800 298 3000, from a mobile on 0333 003 1505 or by visiting firstchoicefinance.co.uk.
First Choice Mortgages only have qualified mortgage advisers who will search our panel of leading mortgage providers with a selection of mortgage plans suitable for a variety of different Loan To Value`s, including 90% LTV plans. This enable us to choose from a selection of very competitive mortgage deals . Our mortgage adviser will examine your individual circumstances and find a mortgage plan that best fit your needs & requirements. Our qualified mortgage adviser`s will be happy to discuss the benefits and draw backs of the different mortgage deals available and will help you through the mortgage process from start to finish, answering any questions you may have along the way.
The selection of the correct mortgage is one of the most important financial decisions you`ll ever make, with the wrong decision potentially costing you thousands of pounds. Using First Choice will enable you to compare the different plans from different lenders and see how changing the plans, or mortgage terms will effect your monthly repayments as well as the cost of the mortgage over the mortgage term.
Our mortgage advisers will guide you through the many mortgages we have available from our panel of mortgage lenders, and recommend the best deal for you based on a thorough exploration of your needs.
In addition to discussing & clarifying your needs, our mortgage advisers will provide and explain all this information, thoroughly check whether you can afford the mortgage you want to take on, fully explain the different deals and repayment methods available, and advise you which is the most suitable mortgage for you.
Our mortgage advisers will check your income and your outgoings to make sure we find you a mortgage that you can afford. Try our mortgage calculator to get an idea of what your monthly repayments will be.
Your mortgage adviser will discuss the duration of time you wish to have your mortgage and find a mortgage term to suit you. If making the monthly repayments on a 25-year deal is looking tight, for example, extending the term can make them more affordable, although you will end up paying more interest overall if you go down this road and keep the mortgage for the whole term.
On the other hand, if you have some spare cash each month, choosing a shorter term may save you money over the mortgage term.
When looking at mortgages there are many different mortgage types to choose from fixed rate, tracker and discounted rate are just some of the mortgage types available - you also need to decide whether you want an interest-only mortgages, repayment mortgage or a part & part remortgage.
Our mortgage adviser will discuss the pros and cons of different sorts of deals, as well as discussing your budget, future plans and attitude to risk before recommending which mortgage type is best suited to you.
Get Qualified Mortgage Advice
All the First Choice Mortgage advisers are qualified and will be offering suitable advice depending on your circumstances. They will compare the plans from our different lenders to find the best mortgage plan that`s suitable for your needs, our mortgage advisers will be happy to answer any questions you may have and will aid you through out the remortgaging process.
Find You The Best Mortgage / Remortgaging Deals From Our Panel
No matter what your circumstance we will endeavor to find you the best remortgage we have available, this may depend on a number of factors including the mortgage term, loan to value, individual circumstances and your credit rating, we will examine your needs, requirements and circumstances to give you best mortgage options we have available. If you have a bad credit rating and have had difficulty finding a mortgage we may still be able to help we have special mortgage plans for people with bad credit, mortgage arrears, CCJ`s or existing debts. Our specialised bad credit remortgages could help you take control of your finances and restructure your outgoings.
Homeowner Secured Loans
7.1% APRC Low Rate Loan.
Borrow £30,000 over 180 months.
24 payments of £243 at 5.25%
then 156 payments of £240
at 5.00% (variable). Total payable
£46,440 with a £2,975 intermediary
fee and £455 in lender fees.
Borrow 30,000 over 72 months
@ £679.90 repayments.
Total payable of £49,949.
20.1% APRC including
£2,975 intermediary fee
and a £995 lender fee.
Think Carefully Before
Securing Other Debts
Against Your Home.
Your Home May Be
Repossessed If You Do
Not Keep Up Repayments
On Your Mortgage.
Security Is Required On
Borrowing Is Subject To
Status & Affordability.
Established In 1988. Company Registration Number 2316399. Authorised & Regulated By The Financial Conduct Authority (FCA). Firm Reference Number 302981. Mortgages & Homeowner Secured Loans Are Secured On Your Home. We Advice Upon & Arrange Mortgages & Loans. We Are Not A Lender.
First Choice Finance is a trading style of First Choice Funding Limited of The Old Courtyard, 103 Buxton Road, High Lane, Stockport, Cheshire. SK6 8DX. Copyright protected 2014-2018.