Mortgage Services

Whether you’re a first time buyer, landlord, moving up the ladder or simply remortgaging – we can help you.  In this current market, let us find the right mortgage for you. Our three mortgage services are available to you, regardless of whether you are buying and/or selling through us and/or another estate agent:

Homefinder Service

Not only will we help you with your property search, we will make sure you can act quickly when you find the right one by confirming how much you may be able to borrow and securing the most appropriate mortgage for you.

Information Service

For those thinking of moving. We will provide you with information about all the costs involved in buying and selling. We will advise you on how much you can borrow and what your monthly payments will be.

Comparison Service

For those who have found their new home and are ready to make an offer. We will compare your mortgage against the thousands that we have access to, including many exclusive deals, via our selected panel of lenders. 

Book an appointment with one of our Mortgage Consultants today

Why choose Peter Alan for your mortgage?

  • Our Mortgage Consultants are fully authorised to give you mortgage and protection advice and we are regulated by the Financial Conduct Authority giving you peace of mind.
  • Our Group submitted mortgage applications worth over £17.3 billion in 2021!*
  • We will search thousands of mortgage deals from our panel of selected lenders, allowing us to recommend the right mortgage for you based on your needs and circumstances
  • We will confirm how much you may be able to borrow and secure the most appropriate mortgage for you
  • We aim to save you money on the property you choose to buy by negotiating with the vendor (this only applies when the property is for sale with another estate agent and we do not act for the vendor)
  • We can explain the house buying process and all the costs involved
  • We can take care of all your mortgage and protection arrangements regardless of whether you buy a property through us or not
  • With our Lifetime Membership we will provide you with ongoing advice and support for all your mortgage and protection needs in the future, as well as providing you with money saving benefits.
  • *Connells Group written lender summary 2021. The amount is a proportion of the Group’s written mortgage business and accounts for the Groups Estate Agency Mortgage Service and THNG specific business only.

    Mortgage Guide

    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. 

    For more information about our mortgage services contact us at customerservices@peteralan.co.uk or click here to arrange an appointment with one of our Mortgage Consultants 


FIND A MORTGAGE



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.



Initial Rate

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.


Type Of Mortgage

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.


Initial Rate Period

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.


Maximum LTV

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.


Initial Monthly Cost

The initial monthly payment, this may be the discounted rate and will only apply for the initial rate period.


Product Fees

Whether the lender charges a fee to arrange the mortgage.


Overall Cost For Comparison

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.


 

 A BROKER FEE MAY BE PAYABLE UPON MORTGAGE APPLICATION AS WELL AS AN ADMINSTRATION FEE. THE TOTAL FEE PAYABLE WILL DEPEND ON YOUR CIRCUMSTANCES. YOUR MORTGAGE CONSULTANT WILL EXPLAIN ANY FEES APPLICABLE IN YOUR INITIAL APPOINTMENT.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
YOU MAY HAVE TO PAY AN EARLY REPAYMENT CHARGE TO YOUR EXISTING LENDER IF YOU RE-MORTGAGE.

ALL MORTGAGES ARE SUBJECT TO STATUS AND LENDER CRITERIA. MOST BUY TO LET MORTGAGES ARE NOT REGULATED.