
5 tips to follow when going for your first mortgage
If you’re looking to secure a mortgage as a first-time buyer it will likely become your biggest financial commitment, so it’s important you carefully consider your choices and find the best deal you can.
Make sure you’re fully aware of all the factors that could affect your eligibility. To help you out we’ve got 5 quick tips to get you started on the right track to getting your mortgage deal secured.

Mortgage approvals continue to climb to highest levels since 2007
The number of mortgage approvals has continued to rise, with figures now reaching their highest levels since the financial crisis in 2007. The latter half of last year saw a spike in mortgage approvals for house purchases, despite the market having temporarily closed down for a number of weeks during the very first national lockdown.

What’s the difference between fixed & variable rate? Which should you choose?
Whether you’re considering a new mortgage deal or a remortgage, it’s important to understand the differences between a fixed rate and a variable rate of interest, as this can help you save more money in the long run.
We’re going to briefly discuss the differences here so that you can make a more informed decision as to which is the best option for you. Keep in mind that it’s always better to seek out professional advice if you’re unsure.

1 in 4 borrowers paying their lender’s high standard variable rate
Research by Habito has revealed that around 1 in 4 homeowners are currently paying their lender’s high standard variable rate (SVR). In fact, many borrowers think that being on the high rate actually helps them pay off their mortgage faster. They could be missing out on thousands per year by staying on the SVR.
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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.
TaylorMade Finance Ltd is authorised and regulated by the Financial Conduct Authority.
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 mortgage will be secured against your property.
Your home may be repossessed if you do not keep up repayments on your mortgage.
A fee of up to 1.95% of the mortgage amount, subject to a minimum fee of £1,295 and an overall maximum fee of £2,995 payable on completion.