In order to best support our existing customers in these unprecedented times, we have made the difficult decision to stop accepting new product applications for the time being.
If you already have an application in progress with us and wish to discuss it, please get in touch with your introducing broker or contact us on 0161 933 7113.
Life happens
So it’s normal for your circumstances to have changed since you last got a mortgage.
Perhaps you’ve had a credit blip, your employment status has changed, or your relationship has ended.
These things happen to us all at some point in our lives. But it could make remortgaging trickier than you were expecting.
Our common sense approach may help
We don't mind if you're simply looking for a new rate to reduce your repayments, or want to borrow more to complete renovations or consolidate debts.
We don’t just rely on credit scores to make our lending decisions. Instead, we see the person behind the numbers.
All of which means we can often lend when others can’t.
Overall cost for comparison
For example: A mortgage of £106,800 payable over 17 years, initially on a fixed rate for 5 years at 5.6% (and then on a tracker rate for the remaining 12 years at 0.5% above the Together Homeowner Managed Rate (THMR)) would require 60 instalments of £833.14 followed by 144 monthly payments of £822.03 plus a redemption administration fee of £110.00.
The total amount payable would be £168,471 made up of the loan amount (£106,800) plus interest on the loan (£57,455), arrangement fee (£2,670) plus interest on this fee (£1,436) and the redemption administration fee (£110.00).
The overall cost for comparison is 6% APRC representative.
The actual rate available will depend upon your circumstances. Ask us for a personalised illustration.
In order to best support our existing customers in these unprecedented times, we have made the difficult decision to stop accepting new product applications for the time being.
If you already have an application in progress with us and wish to discuss it, please get in touch with your introducing broker or contact us on 0161 933 7113.
You should think carefully before choosing to use a secured loan to repay credit which is unsecured, because with a secured loan your home may be at risk if you do not maintain the repayments. In addition, when using a loan to consolidate other debts you may increase the total amount repayable.