Taking out a mortgage is a big financial commitment, but with one of our qualified Mortgage Consultants by your side it’s a lot easier than you think.
Our Mortgage Guide is designed to help you through the process by explaining your options and providing hints and tips to help you on your way.
View Mortgage GuideThe Remortgage Process explained in 7 Steps.
After completion, the service we offer doesn’t end there. If your current mortgage deal is coming to an end, we are on hand to offer advice and information about remortgaging...
View our 7 Steps to RemortgagingYour Mortgage Consultant will discuss the options for repaying your mortgage and advise the most suitable method for you. There are two main types of mortgage: repayment and interest only. The option that is most suitable for you will depend upon your circumstances...
Repaying your Mortgage
View our Repayment options
This is not a formal quotation or commitment to lend.
All figures are for illustrative purposes only and are based on a repayment mortgage only basis.
Figures provided will be dependent on your financial situation, property value and the size of your deposit or equity.
Please complete our Contact Us form to obtain further detail on the products listed above.
The period of an introductory or discount interest rate on a mortgage. The initial rate period varies by loan type and can be as short as one month or as long as several years.
Fixed: A fixed mortgage is where the interest rate is fixed and will not change for a specific period, usually between 2 and 5 years. During this period the interest rate is usually discounted from the lenders standard rate. This is known as the discount period.
Tracker: The rate of a tracker mortgage is linked to a fixed economic indicator – usually the Bank of England base rate. This doesn"t mean it"s the same as the base rate, just that the rate moves in line with it. This means the rate can go up, or down. The tracker rate can be discounted and under this circumstance the discount will apply for a specific period, usually between 2 and 5 years.
Standard Variable Rate (SVR): This is the lenders standard rate. This will always be higher than the discount rates for some Fixed and Tracker products as the rate is usually linked to the Bank of England"s base rate movements and is typically 2 to 5 percentage points above this base rate. The SVR is the rate that most borrowers end up on after the end of an incentive period such as a two-year fix or two-year discounted rate.
The period of time in months to which the discount rate would apply. SVR products and some Fixed and Trackers do not have a discount period and as such the initial rate period would be 0.
The maximum Loan to Value (LTV) is the maximum a lender will lend you against the value of your property. This is calculated by dividing the loan amount by the house value. For example, if the maximum LTV is 80% and the property value is £100,000 then the maximum loan permitted would be £80,000.
The initial monthly payment, this may be the discounted rate and will only apply for the initial rate period.
Whether the lender charges a fee to arrange the mortgage.
This is the Annual Percentage Rate of Charge (APRC). A lender is always required to quote the APRC when advertising a loan or borrowing rate. It is a standard interest rate calculation designed to reflect the total amount of interest that will be paid over the entire period of the loan.
Any fees payable will be explained in your initial no-obligation appointment, before you choose whether to use our Mortgage Services.
*Source - Connells Group Mortgage Services - Combined Data 2025. The amount is the Group’s completion mortgage business and accounts for the Groups Estate Agency Mortgage Service, Dynamo, Mortgage Intelligence, Mortgage Bureau and TNHG specific business only.
