How do you go about choosing
which mortgage is right for you?
Should you fix or cap the rate, if so for how long? Or maybe go for a floating variable rate, but will it have tie-ins to the lender or not? Seemingly straightforward choices perhaps, but to get it right involves consideration of a wide number of factors individual to you alongwith the current interest rate climate and the risk of what rates might or might not do over a 1 to 5 year period.
Then there's the repayment structure - capital and interest repayment or interest only or investment backed mortgages? But what about flexibility? You want to pay off lump sums or make overpayments so should you go for an offsetting arrangement, or a no penalty variable rate deal, but then what happens if interest rates go up? We can work out whether the offset route works for you and the cashflow you can expect, in comparison to more traditional mortgages which still let you make regular overpayments or lump sum payments. We can ensure you are not overpaying in buying flexibility on the mortgage and that the repayment structure fits your budget.
Have you reviewed a thousand people's needs and requirements on mortgages? Probably not? At Kingsway Mortgages our advice isn't simply about working to standard financial models on client profiles and lifestyle stages but using the decades of experience between us and the benefits of a wide diversity of clients and their financial profiles to finetune what you as a client really need.
We don't just simply plug your details into mortgage sourcing systems and wait for a response, although we continually use latest technology for up to the minute mortgage products. We can provide genuinely be-spoke products and tailor make solutions to fit you.
What about the small print?
Yes, we all want to know what the tie-ins are and what the setting up costs are. Frequently its worth paying all the setting up costs to get the best rate, sometimes it isn't, it depends on the level of the mortgage you are seeking. We will always discuss with you and point out to you the pros and cons of any mortgage deal we recommend so you can see why it makes sense to pursue that course of action.