Remortgaging is much simpler than buying a new home because the deeds of the property already exist in your name. If you decide to switch deals with your current lender, the process is even simpler. However, to get the best deal, it’s always best to speak to a professional mortgage broker who can scour the market for you.TaylorMade Finance will provide a personalised remortgage solution, designed specifically to fit your needs and circumstances.
Buying a home
Taking the plunge and buying a home is a massive, exhilarating step but it can be a pretty intensive, confusing experience, especially if it’s your first purchase. The best thing to do is speak to a reputable mortgage advisor at TaylorMade who can talk you through the entire process and lead you every step of the way.
Getting the best deal on the market is paramount and is what we strive to do for every customer. We completely manage the process by liaising with lenders, valuers and solicitors on your behalf.
need to know…
First time buyers
Discover what to expect when you are buying your first home, including how much you can borrow, how much your mortgage will cost and how much deposit you will need.
Buying a second property
Whether you’re buying a second home to live in or to rent out, we can talk you through the different options available to you and help to ensure you get the right mortgage for your requirements.
Learn everything there is to know about remortgaging, including when you should remortgage, how you can remortgage and the advantages of remortgaging compared to other avenues.
Thinking of remortgaging?
Remortgaging allows you to switch provider or mortgage products to save you money and to suit the changing requirements of your lifestyle.
Before remortgaging, or before you decide to remortgage with your existing provider, it is essential to speak with an independent mortgage expert.
With a wealth of experience in our field, we can advise you on everything from remortgaging your house to raise capital, to debt consolidation and wills & pensions.
It can be a little intimidating with the number of products available on the market and the amount of financial jargon flying about. Luckily, we’re on hand to guide you through each step with our advisers explaining everything in plain terms so nothing gets lost in translation.
Here at TaylorMade, we pride ourselves on delivering a comprehensive, straightforward approach to ensure every customer gets a fair and dedicated service.
How much can I borrow?
How much will it cost?
Our online mortgage calculators have been designed to help you with the most common mortgage questions such as ‘how much can I borrow?’ and ‘how much will it cost?’
To get a more accurate idea we recommend that you speak to one of our expert mortgage advisers.
A fixed rate mortgage charges a set rate of interest for a predetermined period. Once this period is over, the interest rate usually revers to the lender’s Standard Variable Rate (SVR).
Trackers are a type of variable rate mortgage which see interest rates rising and falling based on the Bank of England’s base rate. However, unlike traditional variable rate mortgages, a tracker mortgage doesn’t have to match the Bank of England’s rate exactly. Instead, the rate the borrower is charged is likely to be a little above the base rate.
An offset mortgage links the borrower’s savings to their mortgage balance. By choosing an offset mortgage, homeowners can reduce the amount of interest charged and potentially pay off the mortgage sooner.
A cashback mortgage pays the borrower an upfront lump sum. This can enable them to pay for a costly expense such as home furnishings, a car or university tuition fees. The rate paid tends to be based on the bank's Standard Variable Rate (SVR).
A discount rate mortgage offers borrowers a reduction on the lender’s Standard Variable Rate (SVR) for a set period of time. The rate can fluctuate and so although the borrower will repay less than the SVR, their repayments could rise or fall.
A variable rate mortgage sees the interest owed rise or fall depending on the base rates set by the bank. When the base rate is low, borrowers may benefit from extremely low mortgage repayments. However, if the base rate increases, so too will the amount borrowers are expected to pay in interest.
When a homeowner has an interest only mortgage, they won’t pay traditional mortgage payments each month. Instead, they’ll only repay the interest that is due. At the end of the mortgage term, the homeowner will be expected to pay the property’s value in full.
A capped rate mortgage offers similar security to a fixed rate mortgage. The rate payable will be capped for the duration of an agreed upon period of time. During this time, the rate may rise or fall in line with market fluctuations, but it will never exceed the capped rate.
As a result, a capped rate mortgage enables borrowers to benefit from falling rates without placing strain on their budget as a result of unaffordable increases.
Need more information?
Looking to learn more about any of our specialist services? If there’s anything you’d like to know in more detail, or you’d simply like to discuss your specific circumstances with one of our advisers, you can do so simply and easily.
Talk to us
If you're unsure and need some advice just give us a call, our expert team of advisers are available to help you choose the mortgage that is right for you.
Where you have a complaint or dispute with us and we are unable to resolve this to your satisfaction then we are obliged to offer you the Financial Ombudsman Service to help resolve this. Please see the following link for further details: http://financial-ombudsman.org.uk
Your home may be repossessed if you do not keep up repayments on your mortgage.
For mortgages we can be paid by commission, or a fee of usually 1% of the loan amount.
TaylorMade Finance Ltd is authorised and regulated by the Financial Conduct Authority.
The Financial Conduct Authority does not regulate Will Writing and some aspects of estate planning. Buy-to-Let Mortgages and Secured Loans.
The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.