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Mortgage & Equity Release - Call Us 0117 403 4474

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2.49% 2 Year Fixed

  • 60% LTV
  • Overall cost for comparison 3.90% APRC

Representative Example: Mortgage of £100,000 on property valued at £200,000 over term of 25 years. Rate fixed untilfor 26 months after which reverts to HSBC variable rate of 4.04%.

Go to HSBC website »

HSBC 2 Year Fixed

  • Initial Rate 2.94%
  • 95% LTV
  • Overall cost for comparison 4%

Representative Example: 

Mortgage of £100k on property valued at £200k over term of 26 months. Rate fixed for 2 years after which reverts to HSBC variable rate of 4.04%.

Go to HSBC website »

Details sort by initial rateLenderInitial rate Rate type Overall cost for comparisonMax LTVProduct feeMonthly cost Enquire
Initial rate: 2.39%
Rate type: 2.39% Fixed for 2 years
Monthly cost: £797.57 per month
Max LTV: 95%
Product fee: £1,149
Overall cost for comparison: 4.7% APRC
Monmouthshire BS logo 2.39% 2.39% Fixed for 2 years 4.7% APRC 95% £1,149 £797.57 per month get quotes Call us0117 403 4474 More details Broker Only Deal
Initial rate: 2.49%
Rate type: 2.49% Fixed to 01/10/2024
Monthly cost: £806.60 per month
Max LTV: 65%
Product fee: £995
Overall cost for comparison: 4.5% APRC
Virgin Money logo 2.49% 2.49% Fixed to 01/10/2024 4.5% APRC 65% £995 £300 cashback £806.60 per month get quotes Call direct0330 057 1528 Broker Only Deal
Initial rate: 2.51%
Rate type: 2.51% Fixed to 31/07/2027
Monthly cost: £808.42 per month
Max LTV: 60%
Product fee: £1,499
Overall cost for comparison: 3.6% APRC
HSBC logo 2.51% 2.51% Fixed to 31/07/2027 3.6% APRC 60% £1,499 £808.42 per month get quotes
Initial rate: 2.53%
Rate type: 2.53% Fixed to 01/10/2027
Monthly cost: £810.23 per month
Max LTV: 65%
Product fee: £995
Overall cost for comparison: 4.0% APRC
Virgin Money logo 2.53% 2.53% Fixed to 01/10/2027 4.0% APRC 65% £995 £300 cashback £810.23 per month get quotes Call direct0330 057 1528 Broker Only Deal
Initial rate: 2.54%
Rate type: 2.54% Fixed for 5 years
Monthly cost: £811.14 per month
Max LTV: 60%
Product fee: £490
Overall cost for comparison: 3.5% APRC
first direct logo 2.54% 2.54% Fixed for 5 years 3.5% APRC 60% £490 £811.14 per month get quotes Call direct0808 296 5500
Initial rate: 2.54%
Rate type: 2.54% Fixed for 2 years
Monthly cost: £811.14 per month
Max LTV: 60%
Product fee: £490
Overall cost for comparison: 3.9% APRC
first direct logo 2.54% 2.54% Fixed for 2 years 3.9% APRC 60% £490 £811.14 per month get quotes Call direct0808 296 5500
Initial rate: 2.54%
Rate type: 2.54% Fixed to 31/07/2024
Monthly cost: £811.14 per month
Max LTV: 60%
Product fee: £999
Overall cost for comparison: 3.9% APRC
HSBC logo 2.54% 2.54% Fixed to 31/07/2024 3.9% APRC 60% £999 £811.14 per month get quotes
Initial rate: 2.54%
Rate type: 2.54% Fixed to 31/07/2025
Monthly cost: £811.14 per month
Max LTV: 60%
Product fee: £999
Overall cost for comparison: 3.8% APRC
HSBC logo 2.54% 2.54% Fixed to 31/07/2025 3.8% APRC 60% £999 £811.14 per month get quotes
Initial rate: 2.54%
Rate type: 2.54% Fixed to 31/07/2027
Monthly cost: £811.14 per month
Max LTV: 60%
Product fee: £999
Overall cost for comparison: 3.5% APRC
HSBC logo 2.54% 2.54% Fixed to 31/07/2027 3.5% APRC 60% £999 £811.14 per month get quotes
Initial rate: 2.54%
Rate type: 2.54% Fixed to 02/08/2024
Monthly cost: £811.14 per month
Max LTV: 60%
Product fee: £999
Overall cost for comparison: 4.1% APRC
Santander logo 2.54% 2.54% Fixed to 02/08/2024 4.1% APRC 60% £999 £811.14 per month get quotes Call us0117 403 4474 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

Mortgages for Flats with Freehold

Mortgage Service for Flats with Freehold

Getting a mortgage if you have a flat with freehold or you own a flat (s) as a buy to let landlord can bring with it a range of complexities when arranging mortgage finance. Our mortgage service offers:

  • Whole of market service - we work with most UK lenders who will consider lending on flats
  • Access to leading market mortgage rates 
  • Access to exclusive mortgage deals not available on high street
  • Specialist lenders who will lend on flats above shops and on high rise apartments
  • Fast turnaround - speak to us today if you need to move quickly
  • We have lenders who will take into account previous credit issues 
  • Looking to raise additional finance on top of your existing mortgage or buy to let mortgage? - we have access to a range of innovative finance solutions

To investigate your mortgage options if you are a looking to buy a freehold flat for the first time, remortgage or where you looking to raise additional finance call our specialist mortgage team on 0117 403 4474 or fill in our callback request 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 Flats With Freehold

Obtaining the best mortgages for freehold flats

A genuine freehold flat is something of an oddity on account of the fact that flats typically share land space with other properties. Consequently, if you wish to purchase a freehold flat you could find that you encounter problems with getting the mortgage deal that you want. Many mainstream mortgage brokers do not wish to get involved in the intricacies of offering freehold mortgages for flats

Leasehold versus freehold

In practice, there are two key ways in which you can own a property when you buy it. These are known as leasehold and freehold. Sometimes apartment blocks can be covered under a variation of freehold known as commonhold, although this is a fairly new setup dating since the advent of new legislation in 2002, and is not widely available. Under this system, the owners in an apartment block own their flat as a freehold, but they have joint ownership and responsibility for communal areas.

If you are the owner of the freehold on a house, this means that you fully own the property and the land it is constructed on until you either sell it or pass on it to someone else through a will or other inheritance process. Houses are generally freehold properties – when you purchase a house you usually own the house plus any adjacent land such as a garden or driveway that is included in the purchase.

By contract, ownership of a leasehold property means that you have purchased the right to live in the property, but not the actual building and land itself. Owning a leasehold property, on the other hand, means that you have bought the right to live in the building, but not ownership of the building and land itself.

For example, the freehold on a block of flats will usually be owned by the landlord with individual tenants holding the lease on their own flat.  It is unsurprisingly therefore fairly unusual to find a flat that is genuinely freehold, which can mean that mortgage lenders are uncertain when it comes to lending mortgages for flats with freehold.

How to find a mortgage deal for a flat with freehold

Many mortgage lenders will not accept flats with freehold or maisonettes, even if each flat in a block has its own separate freehold title. However, if you are planning on buying in order to become an owner-occupier, who has full freehold ownership a block of flats and lives in one of them, then you are more likely to find it easier to obtain a mortgage deal.

Despite this you could still encounter various issues when looking for the right mortgages for freehold flats – for example you may require a different type of mortgage deal if the building you own is divided into five or more separate flats.

If you want to buy a flat with freehold using a mortgage, it is a good idea to seek out expert, independent mortgage advice due to the fact that this can be a very complicated area when it comes to mortgages. Our dedicated whole of market mortgage team can help you to locate the right flat with freehold mortgage deal for you – call us today on 0117 403 4474 or click here » for a callback.

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