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Mortgage & Equity Release - Call Us 0117 403 4474

What is your mortgage for?

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0.87% APR 

  • Fixed for 26 months
  • 60% LTV - Interest only option
  • Overall cost for comparison 3.20%

Representative Example: 

Mortgage of £180,000 on property valued at £300,000 over term of 25 years.

Rate fixed for 26 months after which reverts to the RBS variable rate of 3.59%.

Call RBS on 0800 068 7706

0.97% APR

  • Fixed for 62 Months
  • 60% LTV - Interest Only
  • Overall cost for comparison 2.60%

Representative Example: 

Mortgage of £180,000 on property valued at £300,000 over term of 25 years.

Rate fixed for 62 months after which reverts to NatWest variable rate of 3.59%.

Call NatWest FREE on 0800 068 8567

3.15% APR 

  • Fixed for 26 months
  • 95% LTV - £500 CASHBACK Offer!
  • Overall cost for comparison 3.60%

Representative Example: 

Mortgage of £100,000 on property valued at £200,000. Term of 25 years.

Rate fixed for 26 months then reverts to variable rate of 3.59%.

Call NatWest FREE on 0800 068 8567

Details sort by initial rateLenderInitial rate Rate type Overall cost for comparisonMax LTVProduct feeMonthly cost Enquire
Initial rate: 0.79%
Rate type: Fixed 27 months
Monthly cost: £661.40 per month
Max LTV: 60%
Product fee: £1,499
Overall cost for comparison: 3.8% APRC
Platform logo 0.79% Fixed 27 months 3.8% APRC 60% £1,499 £250 cashback £661.40 per month get quotes Call us0117 403 4474 More details
Initial rate: 0.83%
Rate type: Discounted Variable 24 months
Monthly cost: £664.61 per month
Max LTV: 60%
Product fee: £1,999
Overall cost for comparison: 3.7% APRC
Cumberland BS logo 0.83% Discounted Variable 24 months 3.7% APRC 60% £1,999 £664.61 per month get quotes Call us0117 403 4474
Initial rate: 0.83%
Rate type: Discounted Variable 24 months
Monthly cost: £664.61 per month
Max LTV: 60%
Product fee: £1,999
Overall cost for comparison: 3.7% APRC
Cumberland BS logo 0.83% Discounted Variable 24 months 3.7% APRC 60% £1,999 £664.61 per month get quotes Call us0117 403 4474
Initial rate: 0.84%
Rate type: Fixed 26 months
Monthly cost: £665.41 per month
Max LTV: 60%
Product fee: £999
Overall cost for comparison: 3.2% APRC
HSBC logo 0.84% Fixed 26 months 3.2% APRC 60% £999 £665.41 per month get quotes Call us0117 403 4474 More details
Initial rate: 0.84%
Rate type: Fixed 27 months
Monthly cost: £665.41 per month
Max LTV: 60%
Product fee: £999
Overall cost for comparison: 3.8% APRC
Platform logo 0.84% Fixed 27 months 3.8% APRC 60% £999 £250 cashback £665.41 per month get quotes Call us0117 403 4474 More details
Initial rate: 0.84%
Rate type: Fixed 27 months
Monthly cost: £665.41 per month
Max LTV: 60%
Product fee: £749
Overall cost for comparison: 3.0% APRC
Santander logo 0.84% Fixed 27 months 3.0% APRC 60% £749 £665.41 per month get quotes Call us0117 403 4474 More details
Initial rate: 0.84%
Rate type: Fixed 27 months
Monthly cost: £665.41 per month
Max LTV: 60%
Product fee: £749
Overall cost for comparison: 3.0% APRC
Santander logo 0.84% Fixed 27 months 3.0% APRC 60% £749 £665.41 per month get quotes Call us0117 403 4474 More details Broker Only Deal
Initial rate: 0.84%
Rate type: Fixed 26 months
Monthly cost: £665.41 per month
Max LTV: 60%
Product fee: £995
Overall cost for comparison: 3.2% APRC
TSB logo 0.84% Fixed 26 months 3.2% APRC 60% £995 £665.41 per month get quotes Call us0117 403 4474 More details
Initial rate: 0.85%
Rate type: Variable 24 months
Monthly cost: £666.22 per month
Max LTV: 60%
Product fee: £999
Overall cost for comparison: 3.2% APRC
Barclays Mortgage logo 0.85% Variable 24 months 3.2% APRC 60% £999 £666.22 per month get quotes Call us0117 403 4474 More details Broker Only Deal
Initial rate: 0.86%
Rate type: Fixed 26 months
Monthly cost: £667.02 per month
Max LTV: 60%
Product fee: £999
Overall cost for comparison: 3.2% APRC
Barclays Mortgage logo 0.86% Fixed 26 months 3.2% APRC 60% £999 £667.02 per month get quotes Call us0117 403 4474 More details 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

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.

Part Repayment Part Interest Only Mortgage

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 403 4474

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