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Mortgage & Equity Release - Call Us 0117 403 4474

or Book Appointment

4.83% 5 Year Fixed

  • 65% LTV
  • Overall cost for comparison 5.9% APRC
  • £500 Cashback

Representative Example: Mortgage of £100,000 on property valued at £200,000 over term of 25 years. Rate fixed for 60 months after which reverts to lender variable rate of 6.49%.

Book appointment with us »

4.89% 10 Year Fixed

  • 75% LTV
  • Overall cost for comparison 5.5% APRC
  • £1000 Cashback

Representative Example: Mortgage of £100,000 on property valued at £200,000 over term of 25 years. Rate fixed for 10 years after which reverts to lender variable rate of 6.24%.

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Details sort by initial rateLenderInitial rate Rate type Overall cost for comparison Product fee Monthly cost Enquire
Initial rate: 4.08%
Rate type: 5 year fixed
Monthly cost: £958.08 per month
Product fee: £699
Overall cost for comparison: 6.9% APRC
Barclays logo 4.08% 5 year fixed 6.9% APRC £699 £958.08 per month get quotes Broker Only Deal
Initial rate: 4.09%
Rate type: 5 year fixed
Monthly cost: £959.07 per month
Product fee: £899
Overall cost for comparison: 7% APRC
Barclays logo 4.09% 5 year fixed 7% APRC £899 £959.07 per month get quotes Broker Only Deal
Initial rate: 4.09%
Rate type: 5 year fixed
Monthly cost: £959.07 per month
Product fee: £995
Overall cost for comparison: 6.8% APRC
Scottish Building Society logo 4.09% 5 year fixed 6.8% APRC £995 £959.07 per month get quotes Broker Only Deal
Initial rate: 4.17%
Rate type: 5 year fixed
Monthly cost: £967.08 per month
Product fee: £0
Overall cost for comparison: 6.2% APRC
Santander logo 4.17% 5 year fixed 6.2% APRC £0 £967.08 per month get quotes Broker Only Deal
Initial rate: 4.18%
Rate type: 5 year fixed
Monthly cost: £968.09 per month
Product fee: £999
Overall cost for comparison: 6% APRC
HSBC logo 4.18% 5 year fixed 6% APRC £999 £968.09 per month get quotes Broker Only Deal
Initial rate: 4.23%
Rate type: 5 year fixed
Monthly cost: £973.11 per month
Product fee: £899
Overall cost for comparison: 7% APRC
Barclays logo 4.23% 5 year fixed 7% APRC £899 £973.11 per month get quotes Broker Only Deal
Initial rate: 4.24%
Rate type: 5 year fixed
Monthly cost: £974.12 per month
Product fee: £999
Overall cost for comparison: 6.6% APRC
Nationwide Building Society logo 4.24% 5 year fixed 6.6% APRC £999 £974.12 per month get quotes Broker Only Deal
Initial rate: 4.24%
Rate type: 5 year fixed
Monthly cost: £974.12 per month
Product fee: £995
Overall cost for comparison: 6.7% APRC
NatWest logo 4.24% 5 year fixed 6.7% APRC £995 £974.12 per month get quotes
Initial rate: 4.28%
Rate type: 5 year fixed
Monthly cost: £978.15 per month
Product fee: £999
Overall cost for comparison: 7% APRC
Halifax 4.28% 5 year fixed 7% APRC £999 £250 cashback £978.15 per month get quotes
Initial rate: 4.28%
Rate type: 5 year fixed
Monthly cost: £978.15 per month
Product fee: £999
Overall cost for comparison: 7% APRC
Halifax 4.28% 5 year fixed 7% APRC £999 £250 cashback £978.15 per month get quotes Broker Only Deal
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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

Mortgages for Extensions

Our Mortgage Service - Raising finance for an extension

Special features of what we offer include:

  • Advice on raising capital to build an extension on your home or on a second property

  • Whole of market service - we work with a wide range of UK lenders

  • Access to leading market mortgage rates

  • Access to exclusive loan deals not available on high street

  • 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 

To investigate your mortgage options if you are considering an extension or other building project on your home call our mortgage team on 0117 403 4474 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.

Mortgages For Extensions

Mortgages for Extensions

Funding an extension with a mortgage can be a cost-effective means of financing home improvements. One of the most commonly-used options for funding a large home improvement project like an extension is by increasing the existing mortgage on your property, if you have equity in your home that allows for this.

This may be the case if you have owned your property for several years and it has increased in value since the date of purchase. Bear in mind that this type of mortgage, also known as a further advance, is likely to include its own set up fees and charges, so make sure you set aside enough money in your extension budget to pay them.

It can often be fairly straightforward to fund your home extension via your existing mortgage. To do this you will need to approach your mortgage lender and ask them for additional borrowing, also known as a further advance on your mortgage.

Do be aware that, even if your current mortgage is a low cost or discount rate, your additional borrowing is likely to be charged at a different rate. You will usually be required to borrow at the lender’s standard variable rate (SVR)

Mortgages for extensions – points to consider

  • You will usually be limited as to the total amount you can borrow. This will generally add up to about 90% of the value of your home, when your current borrowing and additional borrowing for the extension are added together.  

  • When deciding whether or not to offer you additional borrowing, your mortgage lender will take into account the current value of your property, the amount of equity you hold in the property, and your current financial situation including income and outgoings.

  • Depending on your mortgage lender’s terms and conditions for additional borrowing, you may be able to repay your additional borrowing in a flexible way to suit you – for example, you could opt to pay off the additional money over a shorter term than your mortgage, or you could arrange to consolidate your additional payments and your existing mortgage repayments into one convenient monthly repayment.

  • Remember that additional mortgage borrowing for an extension may require you to pay additional costs such as arrangement and admin fees.

If you are unsure about what mortgage product is suitable for you click here » for a callback.

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