Why go direct when you can get impartial mortgage advice?
Residential & Buy To Let Mortgages
Choosing a mortgage is probably the biggest financial decision you will make and getting it wrong can cost you thousands of pounds over the term of the mortgage. The role of a good mortgage advisor is to help customers through the process of finding the most suitable and cost effective mortgage for their personal circumstances. Blue Fish offer independent, whole of market mortgage advice which means they are not tied to one lender and can source the best mortgage product for the client. They have extensive knowledge of lenders criteria and with often hundreds of mortgages schemes on offer from Banks & Building Societies this is by no means an easy task.
Although there are comparison websites available that give information on lenders products they are not personalised to the individual client, meaning that you cannot be sure that the rate being offered fits yours or the lenders criteria. It is important not to have too many credit scores against you as they can lower your credit score and make it difficult to obtain credit in the future. Using Blue Fish avoids this as they will gather all your information together ensuring it fits before proceeding to the application stage.
At Blue Fish we spend considerable time researching lender’s ever changing rates, products and criteria and in a nutshell save you the time and stress of doing this yourself. We are proud to offer fully protected mortgages and we always explain in simple terms what each policy covers in addition to explaining all the details of both the mortgage and insurance products.
There really is no catch for this service. The advisor is paid by the lender for placing the mortgage and will charge you a small fee for the work involved, often far less than you will have to pay to the solicitor for their part in the process.
Repayment Mortgage
You pay off part of the capital each month as part of your regular payment. With the repayment method, your monthly payment will contain an element of repayment of your capital in each payment alongside the interest due. The proportion of each will change through the term of the mortgage. Repayment mortgages have certain advantages; the debt will reduce with each monthly payment you make, albeit that the reduction will be gradual in the early years. As the debt reduces, the amount of capital repaid increases; this would normally increase your equity in the property. Making payments in full as they fall due guarantees the mortgage will be repaid in full at the end of the term. Lenders tend to be more flexible about rearranging payments and altering terms when necessary.
Interest only Mortgage
So called due to the fact that you only pay interest to the lender each month. The original loan amount remains the same for the term of the loan. Therefore a suitable investment is required to run in conjunction with the mortgage in order to repay the loan balance at the end of the term, such as ISAs, pensions or endowment policies. We are not currently authorised to provide advice on repayment vehicles but Mandy is fully qualified to do so and we will be offering this service shortly. In the meantime we can refer you to an appropriately authorised person to look after your needs.
Blue Fish can help with the following mortgage types: Capped, Discounted, Fixed rate, Flexible, Offset, Current Account, Standard variable and tracker mortgages.