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Mortgage Hotline - Call Us 0117 313 7780

What is your mortgage for?

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1.74% - 5 Year Fixed 

  • Overall cost for comparison 3.20% APRC

Representative Example:Mortgage of £100,000 on property valued at £200,000 over term of 25 years. Rate fixed for 5 years after which reverts to Scottish Widows variable rate of 3.74%.

Call us for this special offer on 0117 313 7780

Details sort by initial rateLenderInitial rate Rate type Overall cost for comparisonMax LTVProduct feeMonthly cost Enquire
Initial rate: 1.09%
Rate type: Fixed Feb-2020
Monthly cost: £577.15 per month
Max LTV: 75%
Product fee: £1759.00
Overall cost for comparison: 4.1% APRC
Santander UK Plc logo 1.09% Fixed Feb-2020 4.1% APRC 75% £1759.00 £577.15 per month get quotes Call direct0117 313 7780 More details
Initial rate: 1.09%
Rate type: Fixed Feb-2020
Monthly cost: £577.15 per month
Max LTV: 75%
Product fee: £1759.00
Overall cost for comparison: 4.1% APRC
Santander UK Plc logo 1.09% Fixed Feb-2020 4.1% APRC 75% £1759.00 £577.15 per month get quotes Call direct0117 313 7780 More details
Initial rate: 1.09%
Rate type: Fixed Feb-2020
Monthly cost: £577.15 per month
Max LTV: 75%
Product fee: £1759.00
Overall cost for comparison: 4.1% APRC
Santander UK Plc logo 1.09% Fixed Feb-2020 4.1% APRC 75% £1759.00 £250 cashback £577.15 per month get quotes Call direct0117 313 7780 More details
Initial rate: 1.09%
Rate type: Fixed Feb-2020
Monthly cost: £577.15 per month
Max LTV: 75%
Product fee: £1759.00
Overall cost for comparison: 4.1% APRC
Santander UK Plc logo 1.09% Fixed Feb-2020 4.1% APRC 75% £1759.00 £250 cashback £577.15 per month get quotes Call direct0117 313 7780 More details
Initial rate: 1.24%
Rate type: Fixed Feb-2020
Monthly cost: £586.60 per month
Max LTV: 60%
Product fee: £1409.00
Overall cost for comparison: 4.2% APRC
Platform logo 1.24% Fixed Feb-2020 4.2% APRC 60% £1409.00 £586.60 per month get quotes Call direct0117 313 7780 More details
Initial rate: 1.24%
Rate type: Fixed Jan-2020
Monthly cost: £583.69 per month
Max LTV: 60%
Product fee: £1184.00
Overall cost for comparison: 4.1% APRC
Yorkshire Bank logo 1.24% Fixed Jan-2020 4.1% APRC 60% £1184.00 £583.69 per month get quotes
Initial rate: 1.24%
Rate type: Fixed Jan-2020
Monthly cost: £585.63 per month
Max LTV: 60%
Product fee: £1684.00
Overall cost for comparison: 4.1% APRC
Yorkshire Bank logo 1.24% Fixed Jan-2020 4.1% APRC 60% £1684.00 £585.63 per month get quotes
Initial rate: 1.29%
Rate type: Fixed Jan-2020
Monthly cost: £589.12 per month
Max LTV: 60%
Product fee: £1114.00
Overall cost for comparison: 3.4% APRC
Barclays Bank logo 1.29% Fixed Jan-2020 3.4% APRC 60% £1114.00 £589.12 per month get quotes Call direct0117 313 7780 More details
Initial rate: 1.29%
Rate type: Fixed Feb-2020
Monthly cost: £589.12 per month
Max LTV: 60%
Product fee: £1259.00
Overall cost for comparison: 4.3% APRC
Santander UK Plc logo 1.29% Fixed Feb-2020 4.3% APRC 60% £1259.00 £589.12 per month get quotes Call direct0117 313 7780 More details
Initial rate: 1.29%
Rate type: Fixed Feb-2020
Monthly cost: £589.12 per month
Max LTV: 60%
Product fee: £1259.00
Overall cost for comparison: 4.3% APRC
Santander UK Plc logo 1.29% Fixed Feb-2020 4.3% APRC 60% £1259.00 £589.12 per month get quotes Call direct0117 313 7780 More details
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Representative Example:

A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.

 

The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).

 

In this example the overall cost for comparison is 3.7% APRC representative.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

Part Repayment Part Interest Only Mortgage

Part And Part Mortgage

Our Mortgage Service - helping you make the right decision

"The essence of the Fair Mortgages service is professional independent mortgage and protection advice brought to you by a team of specialist advisers and experienced administration support".

As your mortgage is such an important transaction, good advice is imperative.

Right Bullets

"We know that the internet is the first port of call for many people when looking for mortgage solutions; our view is, yes use the internet to do your own research , but then bring it to us and we’ll let you know how your findings compare and then give you the information and advice you need - so that you can make the right decision for your future.” Adam Arnott, Head of Mortgages & Protection

Our independent mortgage broker service provides: 

  • FREE initial mortgage consultation
  •    
  • Access to exclusive mortgage deals not available on the high street
  • A dedicated mortgage adviser and case handler to deal with your mortgage from enquiry to completion

Part Repayment Part Interest Only Mortgage

Certain lenders allow borrowers to take out a part repayment part interest only mortgage or ‘part and part mortgage’.  These allow a borrower to take out a single mortgage on a property with one portion of the loan on a capital and interest repayment basis and the other portion on an interest only basis, with the remaining balance being required to be repaid at the end of the mortgage term in full.

How a part and part mortgage works

With this kind of mortgage a borrower’s monthly instalment is made up of interest charge for the whole of the loan and it also repays some of the repayment portion of the loan. This kind of mortgage often allows the borrower to choose what ratio of the mortgage is on a repayment basis and what’s on an interest only basis.

For example on a mortgage of £50,000 the borrower could opt to have 50% of the loan on a repayment basis and the remaining 50% as interest-only. This means that over the course of the mortgage’s full term their monthly payments would have repaid the full £25,000 of the repayment portion as well as any interest that accrued on the whole debt; the borrower would then need to pay the remaining £25,000 in a full one off payment.

It is the borrower’s full responsibility to ensure that at the end of the mortgage term they have sufficient capital to repay the interest only element of the loan. During application some lenders may require detailed information about how the borrower is intending to raise the necessary funds to repay the interest-only portion over the mortgage’s term.

Before you apply for a mortgage

Before applying for a mortgage it can be wise to shop around various lenders in order to try and find the most suitable product available to you. If you have been considering a part repayment part interest-only mortgage, you may also want to consider a full repayment or interest only products.

The specific financial details of an applicant will affect exactly what mortgages are available to them, this could include things such as: the size of the deposit they have, their income, existing financial commitments and their credit history.

Mortgage adviser

If looking for a mortgage you may benefit using the services of an independent mortgage adviser. An adviser who offers a whole-of-market service can search across various different lenders to try and find the best deals for their clients, as well as providing them with impartial advice.

To find out if Fair Mortgages could help you, you can fill in the call-back form to request a call from a Fair Mortgages adviser, who can offer a free initial consultation. Or you can call directly on: 0117 313 7780

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