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Whether you're buying your first home, moving house or remortgaging, experienced advisers can help you understand your options and find a mortgage that suits your circumstances.
Frost's are able to introduce mortgage services to you through Embrace Financial Services, a mortgage broker with a team of expert financial advisers.
If you'd like to explore your mortgage options, speak to Embrace Financial Services on 01727 861166 or book an appointment.
A buy-to-let mortgage is designed for people purchasing a property to rent out rather than live in themselves. The amount you can borrow is often based on the expected rental income as well as your individual circumstances.
With an interest-only mortgage, your monthly payments only cover the interest charged on the loan and do not reduce the amount you've borrowed.
At the end of the mortgage term, you'll need to repay the original loan amount, often referred to as the capital.
An offset mortgage links your mortgage to a savings or current account. Instead of earning interest on your savings, the balance is used to reduce the amount of your mortgage on which interest is charged.
This can help reduce the total interest you pay over the term of the mortgage and may allow you to repay it sooner.
A discounted rate mortgage offers a reduction on the lender's standard variable rate (SVR) for a set period. This can result in lower monthly repayments during the discount period, although payments may increase or decrease if the lender changes its standard variable rate.
A standard variable rate (SVR) mortgage has an interest rate that's set by the lender. Your monthly repayments can go up or down if the lender changes its rate.
Unlike a tracker mortgage, an SVR isn't directly linked to the Bank of England Base Rate, although changes to the Base Rate may influence a lender's decision to adjust its rate.
A tracker mortgage follows the Bank of England Base Rate, usually by a fixed percentage above it. This means your monthly repayments can go up or down as interest rates change.
Fixed rate mortgages offer a fixed interest rate for an agreed period, giving you certainty over your monthly repayments. Once the fixed term ends, the mortgage will usually move to the lender's standard variable rate.
With a repayment mortgage, your monthly payments cover both the interest charged and part of the amount you've borrowed. This means the balance reduces over time and, provided all payments are made, the mortgage will be repaid in full by the end of the term.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Mortgage and Protection services are referred to Embrace Financial Services Ltd.
Your initial mortgage appointment is without obligation.We normally charge a fee for our services; however, it is payable only on the submission of your mortgage application. The fee will depend on your circumstances but our standard fee is £599. Complex cases usually attract a higher fee. We will discuss and agree the fee with you prior to submitting any mortgage application.
Most Buy-to-Let Mortgages are not regulated by the Financial Conduct Authority.
Embrace Financial Services Ltd. is an Appointed Representative of PRIMIS Mortgage Network, a trading name of First Complete Limited which is authorised and regulated by the Financial Conduct Authority.
Embrace Financial Services Ltd, registered in Floor 4, 11 Leadenhall Street, London, EC3V 1LP. (06447316)