Whether you're a first time buyer, moving home, looking for help getting onto the property ladder or an experienced buy-to-let investor, you will want to get the best mortgage to suit your individual needs.
Frost's are able to introduce mortgage services to you through Embrace Financial Services, a mortgage broker with a team of expert financial advisers.
Plus with fantastic new technology you could get a Mortgage in Principle within only 30 minutes.
If you would like to see if Embrace Financial Services can get you the best deal on your mortgage, call them on 01727 861166 or book an appointment below.
Fixed rate mortgages are fixed for a specified number of years, so you know what your interest payments will be over that period. Following this period, the rate will usually revert to the lender's standard variable rate.
This is a variable rate where the interest rate is a set amount above, below or equal to the Bank of England or some other base rate and so always "tracks" changes in that rate.
Standard variable rate mortgage
With this type of mortgage your payments will go up or down when the lender's mortgage rate changes. Most standard variable rates tend to move in line with the Bank of England base rate.
Discounted rate mortgage
A discounted rate gives you a set 'discount' off the lender's standard variable rate (SVR) for a specified period. For instance, if the discount was 1%, you will be charged 1% below the SVR for the period of the discount.
This is a flexible mortgage linked to your savings or current account. With this type of mortgage, you are only charged interest on the net amount you owe the lender, after offsetting any savings or current account balances against the amount of your mortgage.
Interest only mortgage
An interest-only mortgage allows you to pay just the interest charged on the loan each month. You don’t have to repay the amount you’ve borrowed (sometimes known as the capital) until the end of the term.
Help to Buy: Equity Loan
The Help to Buy: Equity Loan scheme closed to new applications on 31st October 2022.
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 £549. 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.
* Treating Customers Fairly survey 2022
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 England and Wales at Second Floor, The Forum, Barnfield Road, Southernhay, Exeter EX1 1QR. (06447316).