At Goldmanread we understand that choosing the right mortgage can be stressful. After all, it’s probably the biggest financial commitment you’ll ever make. It’s even more daunting thanks to the mind-boggling array of mortgages on offer – literally thousands. So how can you be really sure you’re choosing a mortgage that’s suitable for your situation? After all, you don’t want to pick a financially unviable one and be saddled with it thanks to poor advice from an unscrupulous lender.
That’s where we come in. We have years of experience helping people from all walks of life choose a mortgage that is appropriate for them. No matter if you’re a first time buyer, a growing family buying a bigger home or a retired couple downsizing. We can also help if you wish to remortgage your present home or are looking for a second or holiday home. An increasingly popular area of property investment is buy to let and we can help you arrange this type of mortgage on all sorts of properties be they Student lets, Houses of Multiple Occupation (HMO’s) or a more straightforward rental. property
We’ll search the market and will only ever suggest a responsible mortgage product that meets your needs – both personally and financially.
The Financial Conduct Authority does not regulate most buy to let mortgages.
Mortgages: the Lowdown
A mortgage is a sum of money borrowed from a bank or building society that enables you to purchase a property. The money will be paid back to the lender over a pre-agreed period of time, along with accrued interest. In order to get the most from your mortgage you should pay as little interest as possible.
There are two main repayment methods available:
Repayment mortgages: these are structured so monthly payments comprise partly of capital and partly of interest. By the end of the mortgage’s term you will have repaid the original amount borrowed plus any interest accrued.
Interest only mortgages: these are different to the above in that you only pay monthly interest to the lender. The original amount remains the same for the term of the loan. This means you’ll probably need an investment running in conjunction with the mortgage so you can repay the loan balance at the end of the term. The most common investments include pensions, endowments and ISAs.
At Goldmanread we will find the best mortgage for you. Including:
- Capped mortgages
- Discounted mortgages
- Fixed rate mortgages
- Flexible mortgages
- Offset mortgages
- Current account mortgages
- Tracker mortgages
- Standard variable
We normally charge a fee for mortgage advice however this will be dependent on your circumstances. Our typical fee is £500.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.