Mortgages. We make them simple
Introducing you to Freedom Mortgages
- A range of exclusive deals that you can’t access direct from a lender
- Mortgages from over 90 UK lenders with over 12,000 products
- Expert advice from our qualified advisers to find the best deal for you
- Free protection advice for every customer
When it comes to mortgages, you often find quite a few Baffles clustered about. They love it because there’s so much financial jargon, boring paperwork and a bewildering range of deals. But not to worry, you’ve come to the right place. Because we’re experts at weeding out every pesky little Baffle from the deals we find for you, making life loads easier.
Find the right mortgage for you
No matter if you’re a first-time buyer, moving home or are looking to remortgage, our team of qualified advisers will search our extensive range of lenders and products to find you your best mortgage deal.
If you remortgage with us, we’ll search hundreds of remortgage deals from over 90 lenders to try to find you better rates and reduce your monthly repayments. Our team of friendly advisers are here to guide you through the whole process and will be happy to answer any questions you may have.
If you do remortgage, just be aware you may have to pay an early repayment charge to your existing lender.
Ready to remortgage? Call one of our friendly mortgage experts on 0330 335 9903, or simply ask us for a quote.
No matter if you’re looking for more space or are downsizing your property, we can help you find the right mortgage to keep your plans moving.
To ensure things run as smoothly as possible, our friendly and dedicated team of fully qualified mortgage advisers are here to guide you through your mortgage application from start to finish.
Get the ball rolling on your next move by calling one of our friendly mortgage experts on 0330 335 9903, or simply asking us for a quote.
First time buyer
Getting your first mortgage can feel a little daunting. But don’t worry. Here at Freedom Mortgages we’ll help you navigate through the whole process.
Our friendly expert advisers will support you at every stage of your mortgage application. We’ll look carefully at your situation and the information you provide before searching over 12,000 products from 90 lenders to find the perfect mortgage for you. All Baffle free, of course.
Call one of our friendly mortgage experts on 0330 335 9903, or simply ask us for a quote.
A buy-to-let property that you plan to rent out to other people.
Here at Freedom Mortgages, we can help you either expand your existing portfolio or get onto the first rung of the buy-to-let property ladder. We work in partnership with a large number of quality buy-to-let lenders, enabling us to match you with the best buy-to-let mortgage for your ambitions.
Our team of friendly, fully qualified mortgage advisers are happy to guide you through the application process, helping you to maximise your potential profits from your buy-to-let business.
Thinking about a new buy-to-let? Call one of our friendly mortgage experts on 0330 335 9903, or simply ask us for a quote.
Still have questions?
What is a mortgage?
A mortgage is a type of loan that’s used to buy a property. With a mortgage, the finance you borrow to buy your home is secured against the value of the property. This means that if you are unable to repay your mortgage, your lender could take your home to recover their costs.
Who is eligible for a mortgage?
To be eligible for a mortgage, you’ll need:
- To be over 18 years old
- A deposit of at least 5% of the property’s value
- An income (or joint income) that would allow you to comfortably make your mortgage repayments
- A healthy credit score
What is APRC?
APRC stands for Annual Percentage Rate of Charge. It shows how much it will cost you to borrow money over the term of your mortgage, taking into account any additional fees or charges. APRC also takes into account that your lender may offer you a lower interest rate for the first few years. It is then expressed as a percentage so you can easily compare your different mortgage options.
What affects the mortgage rate I’m offered?
There are a few different factors that affect the mortgage rate you’re offered. Two things that you can do to improve the rate that you’re offered are:
- Having a good credit score
- Putting down a bigger deposit
What is an LTV ratio?
LTV ratio stands for loan-to-value ratio. Your LTV ratio is used by lenders to decide how risky it is to lend you the money to buy your home.
It compares how much of the property you will own – i.e. how much deposit you can put down in relation to the property’s value – to how much they will need to lend to you to make up the difference. The lower your LTV ratio, the better the mortgage rate you’re likely to be offered.
What’s the difference between a fixed rate and a variable rate mortgage?
With a fixed rate mortgage, your mortgage repayments will remain the same for an agreed fixed rate period – often from two to five years. After that, it’s common to remortgage to a new fixed rate deal, or your mortgage will revert to your lender’s standard variable rate (SVR).
With a variable rate mortgage, your mortgage payments could go up or down during your mortgage term. There are two main types of variable mortgage: tracker mortgages and discount mortgages. Tracker mortgages track the Bank of England base rate, and discount mortgages offer a fixed discount on the lender’s SVR (which can fluctuate).
Your mortgage adviser will tell you what the best option for your circumstances is after completing a fact find with you and getting to know your requirements.
What’s the difference between interest-only and repayment mortgages?
An interest-only mortgage is where you only pay off the interest accumulating on your mortgage. This can mean that your monthly repayments are lower, however you will need to eventually repay your mortgage once your mortgage term comes to an end.
The most common option is a repayment mortgage. This is where you have the security of paying off a bit of the loan as well as the interest with each monthly repayment. If all repayments are made, at the end of the term you will own the property outright.
Do I have to have a mortgage to buy a home?
No, if you have the cash to buy a property outright, you don’t need a mortgage to buy a home. If you don’t have that much cash available, you will need to apply for a mortgage.
How do I apply for a mortgage?
To apply for a mortgage, you’ll need to speak to a mortgage adviser. They will find the right mortgage option for you. Once you’ve had your offer accepted on a property, they will then take you through every step of the mortgage application process. You’ll also need a solicitor (conveyancer) to complete the legal work involved with buying a home.
What is a remortgage?
Remortgaging simply means replacing your existing mortgage.
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