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Mortgages
Your mortgage is the start of a new opportunity. It’s receiving the keys to your new home, getting started on your home improvement project, or improving the mortgage you already have in place.
Getting a mortgage isn’t something you do every day. It can be a mammoth task with huge consequences. You need to get the right mortgage for your needs – and that’s exactly what we’ll help you to do. We’ll make the process simple and be with you from start to finish.
Why choose us?
Jargon Buster
APR
The Annual Percentage Rate charged for the loan. This must be displayed by lenders and allows you to compare one mortgage with another.
ERCs
Early Repayment Charges. These are penalty fees you may have to pay if you want to leave your loan early when you are tied into a fixed period.
Variable rate mortgage
The interest rate on your mortgage can go up or down according to your lender’s standard variable rate.
Arrangement fee
This is paid to the lender to set up the loan. Not all lenders charge an arrangement fee. If they do, they will usually allow you to add this fee to the loan.
Request a callback today
If you are a first-time buyer or do not currently have a mortgage please call us directly on 0800 802 1003
By submitting your enquiry you agree to our privacy policy and that you are happy to be contacted via telephone, email or SMS to help you with your enquiry.
Loan to Value (LTV)
Loan to Value (LTV) is value of your loan against the value of the property. If you buy a £100,000 house and want to borrow £80,000 to top up a £20,000 deposit, then you’ll be asking the lender to borrow 80% of the property value. This makes your LTV 80%.
Portability
A portable mortgage allows you to transfer your borrowing from one property to another if you move, without paying arrangement fees or ERCs.
Tracker rate mortgage
This tracks the Bank of England’s base rate. If the base rate is 2% but then rises to 3%, a tracker rate mortgage at 4% will rise to 5%.
Interest only mortgage
A mortgage where you only pay the interest on the loan. At the end of the loan period, you would be required to pay off the loan capital. If you agree to an interest-only loan it is important to ensure you have something in place that will allow you to pay the loan back at the end of the interest only term.
Bank of England Base Rate
This is the UK’s official rate of interest. An increase in Bank of England Base Rate makes borrowing more expensive and saving more rewarding. A decrease in Bank Rate makes borrowing cheaper and saving less rewarding.
Fixed rate mortgage
The interest rate you pay on the loan. It will be fixed for the period specified by the lender and protect you from any interest rate increases the lender may make in the future during that period. However, it also prevents you from benefitting if the lender reduces the interest rate in the future until your fixed deal ends. To exit the fixed deal early, you may need to pay an ERC.
Fast, simple and easy – that’s Loansmart.
Expert advice. We’ll assign you a dedicated advisor who will help you through the whole process.
No upfront fees. We’ll give you a free no-obligation quote that won’t show up on your credit report so your credit report stays intact
Flexible terms. We can help even if you have a poor credit history, CCJ’s, or if you’re self-employed.
© 2022 Copyright Niche Financial, All rights reserved
Registered in England No. OC349588
Niche Financial Solutions LLP
1st Floor | 3 Newbridge Square | Swindon | SN1 1HN
t: +44 (0)800 802 1003 | e: contact@loansmartfinance.co.uk
Loansmart is a trading name of Niche Financial Solutions LLP.
Niche Financial Solutions LLP is authorised and regulated by the Financial Conduct Authority, (FCA) 708467.
We will search our panel of lenders to find the right loan for you. The overall cost for comparison is from 5.6% to 19.1% APRC for a first charge mortgage and from 7.1% to 15.1% APRC for a second charge mortgage
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT. (IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY).
Depending on your circumstances we will charge a broker fee between £495 and £1995 for a first charge mortgage, and between £1495 and £4995 for a second charge mortgage. Currently our average fees are £1995 for a first charge mortgage and £2500 for a second charge mortgage. We also charge an advice fee for regulated products of £750. All fees will be fully disclosed at application stage and fully disclosed on your contracts. We may also receive a commission from the lender on completion and this will also be fully disclosed. (Rates and fees correct as of May 2021). Niche Financial Solutions LLP, Registered in England and Wales. Company Registration Number OC349588. Registered office: 1st Floor, 3 Newbridge Square, Swindon, SN1 1HN
Mortgages
Mr and Mrs S
Jargon Buster
APR
The Annual Percentage Rate charged for the loan. This must be displayed by lenders and allows you to compare one mortgage with another.
ERCs
Early Repayment Charges. These are penalty fees you may have to pay if you want to leave your loan early when you are tied into a fixed period.
Variable rate mortgage
The interest rate on your mortgage can go up or down according to your lender’s standard variable rate.
Arrangement fee
This is paid to the lender to set up the loan. Not all lenders charge an arrangement fee. If they do, they will usually allow you to add this fee to the loan.
Loan to Value (LTV)
Loan to Value (LTV) is value of your loan against the value of the property. If you buy a £100,000 house and want to borrow £80,000 to top up a £20,000 deposit, then you’ll be asking the lender to borrow 80% of the property value. This makes your LTV 80%.
Portability
A portable mortgage allows you to transfer your borrowing from one property to another if you move, without paying arrangement fees or ERCs.
Tracker rate mortgage
This tracks the Bank of England’s base rate. If the base rate is 2% but then rises to 3%, a tracker rate mortgage at 4% will rise to 5%.
Interest only mortgage
A mortgage where you only pay the interest on the loan. At the end of the loan period, you would be required to pay off the loan capital. If you agree to an interest-only loan it is important to ensure you have something in place that will allow you to pay the loan back at the end of the interest only term.
Bank of England Base Rate
This is the UK’s official rate of interest. An increase in Bank of England Base Rate makes borrowing more expensive and saving more rewarding. A decrease in Bank Rate makes borrowing cheaper and saving less rewarding.
Fixed rate mortgage
The interest rate you pay on the loan. It will be fixed for the period specified by the lender and protect you from any interest rate increases the lender may make in the future during that period. However, it also prevents you from benefitting if the lender reduces the interest rate in the future until your fixed deal ends. To exit the fixed deal early, you may need to pay an ERC.
Fast, simple and easy – that’s Loansmart.
We’re a broker, so we can compare the best deals to find the perfect mortgage for you – as simple as that. We offer you:
Expert advice. We’ll assign you a dedicated advisor who will help you through the whole process.
No upfront fees. We’ll give you a free no-obligation quote that won’t show up on your credit report so your credit report stays intact
Flexible terms. We can help even if you have a poor credit history, CCJ’s, or if you’re self-employed.
Request a callback
If you are a first-time buyer or do not currently have a mortgage please call us directly on 0800 802 1003
By submitting your enquiry you agree to our privacy policy and that you are happy to be contacted via telephone, email or SMS to help you with your enquiry.
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© 2024 Copyright Niche Financial, All rights reserved
Registered in England No. OC349588
Important Information:
Loansmart is a trading name of Niche Financial Solutions LLP.
Niche Financial Solutions LLP is authorised and regulated by the Financial Conduct Authority, (FCA) 708467.
We will search our panel of lenders to find the right loan for you. The overall cost for comparison is from 5.6% to 19.1% APRC for a first charge mortgage and from 7.1% to 15.1% APRC for a second charge mortgage.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT. (IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY).
Depending on your circumstances we will charge a broker fee between £495 and £1995 for a first charge mortgage, and between £1495 and £4995 for a second charge mortgage. Currently our average fees are £1995 for a first charge mortgage and £2500 for a second charge mortgage. We also charge an advice fee for regulated products of £750. All fees will be fully disclosed at application stage and fully disclosed on your contracts. We may also receive a commission from the lender on completion and this will also be fully disclosed. (Rates and fees correct as of May 2021). Niche Financial Solutions LLP, Registered in England and Wales. Company Registration Number OC349588. Registered office: 1st Floor, 3 Newbridge Square, Swindon, SN1 1HN
