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Remortgage Hotline call now 0117 313 7780

What is your mortgage for?

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1.22% 2 Year Fixed 

  • Overall cost for comparison 3.80% APRC

Representative Example:Mortgage of £120,000 on property valued at £200,000 over term of 25 years.Rate fixed for 2 years after which reverts to Post Office variable rate of 4.24%.

Call Post Office on 0808 179 6813

2.29% 5 Year Fixed 

  • Overall cost for comparison 3.90% APRC

Representative Example:Mortgage of £120,000 on property valued at £200,000 over term of 25 years. Rate fixed for 2 years after which reverts to Yorkshire Bank variable rate of 4.70%.

Details sort by initial rateLenderInitial rate Rate type Overall cost for comparisonMax LTVProduct feeMonthly cost Enquire
Initial rate: 0.99%
Rate type: Fixed Sep-2019
Monthly cost: £572.16 per month
Max LTV: 60%
Product fee: £2061.00
Overall cost for comparison: 4.1% APRC
Skipton BS logo 0.99% Fixed Sep-2019 4.1% APRC 60% £2061.00 £572.16 per month get quotes Call direct0117 313 7780 More details
Initial rate: 1.09%
Rate type: Fixed Aug-2019
Monthly cost: £577.15 per month
Max LTV: 60%
Product fee: £1958.00
Overall cost for comparison: 4.1% APRC
The Co-Operative Bank logo 1.09% Fixed Aug-2019 4.1% APRC 60% £1958.00 £577.15 per month get quotes Call direct0117 313 7780 More details
Initial rate: 1.13%
Rate type: Fixed Aug-2019
Monthly cost: £577.99 per month
Max LTV: 60%
Product fee: £1220.00
Overall cost for comparison: 3.7% APRC
Bank Of Ireland logo 1.13% Fixed Aug-2019 3.7% APRC 60% £1220.00 £577.99 per month get quotes Call direct0117 313 7780 More details
Initial rate: 1.14%
Rate type: Fixed Oct-2019
Monthly cost: £579.65 per month
Max LTV: 60%
Product fee: £1364.00
Overall cost for comparison: 3.4% APRC
Barclays Bank logo 1.14% Fixed Oct-2019 3.4% APRC 60% £1364.00 £579.65 per month get quotes Call direct0117 313 7780 More details
Initial rate: 1.14%
Rate type: Fixed Aug-2019
Monthly cost: £581.36 per month
Max LTV: 65%
Product fee: £2020.00
Overall cost for comparison: 4.2% APRC
Chelsea BS logo 1.14% Fixed Aug-2019 4.2% APRC 65% £2020.00 £581.36 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

Retirement Mortgages

Mortgage Service for Retirees

If you are of pension age getting a mortgage can be more challenging - Special features of what we offer include:

  • Mortgage solutions for over 60s
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  • Access to lenders where age is not an issue
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  • Whole of market service - we work with most UK lenders
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  • Access to leading market mortgage rates
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  • Access to exclusive loan deals not available on high street
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  • Fast turnaround - speak to us today if you need to move quickly
  • We have lenders who will take into account previous defaults and missed payments 
  • Looking to raise additional finance on top of your existing mortgage or buy to let mortgage? - we have access to a range of finance solutions

To investigate your mortgage options if you are in pre or post retirement call our mortgage team on 0117 313 7780 or fill in our call back form.

"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

Retirement Mortgages

The term retirement mortgages could either refer to mortgages for people who have retired and would possibly be repaying their mortgage using their pension or other income, or it could possibly refer to equity release schemes such as a Lifetime mortgages.

Getting a mortgage when retired

If you have retired and wish to purchase a new home you may find that getting a mortgage as a retiree can be more difficult. You will need to provide your affordability criteria based upon your income from things such as any pensions or investments you have. However many mortgage providers have both a maximum age limit at which someone can take out a mortgage and also an upper age limit by which a borrower must completely repay their mortgage.

While these factors can make getting a new mortgage or remortgaging more difficult there are a selection of lenders who have much higher age limits, and a few where age is not an issue when based upon certain criteria. Using the services of an independent mortgage adviser may help you find the right product in these circumstances.

Equity release

Equity release products are not right for everyone, they are a large financial step and should be carefully considered and will reduce how much an individual can leave behind to their beneficiaries in their estate. However, they can provide a way for people over 55 to be able to access some of the value of their home without having to move out.

There are two main types of equity release scheme:

  • Lifetime Mortgages: Where you take out a loan for a portion of your home’s value, this debt and any interest that has accumulated on it is normally repaid through the sale of the property after you either die or permanently move into care. The amount you can borrow with a lifetime mortgage will depend on your age, and your partners if applicable. Lifetime mortgages that offer a ‘no negative equity’ guarantee mean that even if the value of the debt becomes larger than the market value of your home, your estate will never be charged more than the amount it eventually sells for.
  • Home Reversion Schemes: These types of scheme involve the owner selling the property a reversion company, who then guarantees the original owner the right to continue living in the property until they either die or move into care.

Find out more about equity release by clicking here: 

Mortgage adviser

If you are looking for a mortgage then speaking to an independent mortgage adviser could help you find the right choice, to find out if fair mortgages could help you fill in our online contact form, to request a free initial consultation. Alternatively call Fair Mortgages directly on: 0117 313 7780

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Call 0117 313 7780 or Request Callback for our Retirement Mortgage Service

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