In today`s property market house prices have increased significantly, with many homes falling into the valuation bracket of between £400,000 and £700,000. Here at First Choice Finance we are experienced in arranging mortgages amounts large and small and give you expert mortgage advice, ensuring you get a mortgage suited to your individual circumstance.

If you looking to purchase a high value property or remortgage an existing property over £400,000 then First Choice Finance could be the ideal company to help you find which mortgage plan best suits your circumstances.

How To Get The Best Mortgage?

To get the best mortgage , first of all we must look to the mortgage market and devote our time to check the different products offered by each lender examining to see which mortgage plan best suits your individual circumstance. Here at First Choice Finance we recommend and compare several mortgages at the same time, helping you analyze the pros and cons of each product and better know the financial language.

Here at First Choice Finance we work with you to make the mortgage / remortgage process as simple as possible, answering any questions you may have and working through the mortgage process from the moment we get the application through to the mortgage completion and you complete the process of buying your property or have the cash released to you in your bank account.

Example Payments For A £400,000 Mortgage

The rate you receive for borrowing £400,000 will vary depending on your credit profile, loan to value and other factors, because £400,000 mortgage is considered a large mortgage, many lenders will offer lower interest rates than lower mortgage amounts. We have many years’ experience finding which mortgage is best suited for our client’s situation and will search on your behalf for the best deal from our panel of lenders. The shorter the term the cheaper the mortgage monthly repayments, but you will be repaying more over the term of the mortgage, below are the example monthly repayments for £400k mortgage over the various popular mortgage terms.

	1.5 %	3 %
30 years	£1,380.48	£1,686.42
25 years	£1,599.75	£1,896.85
20 years	£1,930.18	£2,218.39
15 years	£2,482.97	£2,762.33
10 years	£3,591.66	£3,862.43

£500,000 Mortgage Repayments

What is the cost of borrowing £500,000? Below you will see the cost of a £500,000 mortgage on a monthly basis, the interest rate you will receive will depend on your individual circumstances, get a personlised illustration and free mortgage quote with First Choice Finance

	1.5 %	3 %
30 years	£1,725.60	£2,108.02
25 years	£1,999.68	£2,371.06
20 years	£2,412.73	£2,772.99
15 years	£3,103.72	£3,452.91
10 years	£4,489.57	£4,828.04

£600,000 Mortgage / Remortgage Monthly Repayments

Monthly mortgage repayments for a £600,000 mortgage or remortgage will vary depending on the interest rates available to you, this will be determined by your individual circumstances. First Choice Finance will search to find which mortgage lender and plan is suited to your requirements.

	1.5 %	3 %
30 years	£2,070.72	£2,529.62
25 years	£2,399.62	£2,845.27
20 years	£2,895.27	£3,327.59
15 years	£3,724.46	£4,143.49
10 years	£5,387.49	£5,793.64

Monthly Repayments £700,000 Mortgage

Get a personalised illustration for borrowing £700,000 from First Choice Finance, all quotes are free. With multiple lenders we have many plans to choose from ensuring you receive a mortgage suited to your needs and requirements

	1.5 %	3 %
30 years	£2,415.84	£2,951.23
25 years	£2,799.55	£3,319.48
20 years	£3,377.82	£3,882.18
15 years	£4,345.20	£4,834.07
10 years	£6,285.40	£6,759.25

Construction Mortgages - Many properties that need a &400,000 mortgage or more are for self build projects, which means you will need a specialist mortgage plan often referred as a construction mortgage or self build mortgage . This type of mortgage home loans are intended to finance the purchase of land and the subsequent construction of a home on it. Many banks do not offer mortgages for the sole purpose of housing construction, but we have lenders that can help you in the construction of your dream house. Contact us today and we will be happy to discuss your needs and requirements. All quotations are free and you will be under no obligation to proceed with any offer that you receive.

At First Choice Finance you will be given qualified mortgage advice by an adviser who can calculate and answer these large mortgage queries for you: How much would you pay a month? How much you are able to borrow?
Because a mortgage is something that has a large impact on your life why not get help ensuring you get a mortgage deal suited to you.