Do you need help with your mortgage? Find out all you need to know in our mortgage advice section. Miles and Barr work with Mortgage Advice Bureau to provide you with expert mortgage and protection advice.
Whether you are a first time buyer or have experience in moving house you are going to need your finances in place to ensure the process is smooth.
We can help you remortgage your current property and provide you with information on all of your non-standard purchase types, from buy to let to new builds and self builds.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There will be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.
Mortgage Advice Bureau is a trading name of Mortgage Advice 4 U Limited which is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. Mortgage Advice 4 U Limited, Innovation House Innovation Way, Discovery Park, Sandwich, United Kingdom, CT13 9FF Number: 10785015.
You should understand the importance of protection, for you and your family, and what kind of financial support you could be entitled to should the unthinkable happen.
Find out every step of your appointment journey you will follow if you choose to seek mortgage advice from any of our experienced advisers.
Finally, read through our frequently asked questions, this may save you and us time in your appointments or phone calls, but of course, we are always happy to explain anything in more detail. See our testimonials, they speak for themselves.
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Frequently Asked Question’s
Have a read through our FAQs, you may find the answer to what you're looking for quicker than you think.
The interest rate stays the same for a set period of time in a fixed rate mortgage, meaning your repayments will stay the same each month during the set period even if there are changes in the Bank of England base rate or your lender’s standard variable rate. A fix rate mortgage term commonly lasts two to five years but it can be longer than this. Once the period has ended your lender usually automatically transfers you onto its standard variable rate. Our expert advisors can inform you on the best option suited to your requirements.
This is a type of variable rate mortgage. The rate of interest tracks the Bank of England’s base rate at a set margin at percentage above or below it. Deals for tracker mortgages can last for a short amount of time as a year or as long as the loan’s lifespan. When your tracker deal ends your lender usually automatically transfers you onto its standard variable rate, which will probably have a higher rate of interest. Our expert advisors can inform you on the best option suited to your requirements.
This is a type of variable rate mortgage. A standard variable rate is a lender’s default rate with no deals or discounts. It can be a risk to stay on a lender’s standard variable rate as they can raise or lower their rate at any time. They tend to be influenced by changes in the Bank of England’s base rate. A lender can sometimes decide to change their rate while the base rate remains unchanged. If you are working to a tight budget and are hopeful of your standard variable rate remaining low you could find yourself in a vulnerable position. It is worth trying to remortgage if this is the case to get onto a fixed rate deal as they are offer more stability. Our expert advisors can inform you on the best option suited to your requirements.
There is no way to predict with complete certainty when interest rates will rise as there aren’t any rules about when it can happen. You should be sure that if you’re on a tracker, discount or other variable rate mortgage that you would not be struggling to afford repayments if rates increased by 2%. This is an unlikely rise over a short period but it can happen. An example of this happening would be Black Wednesday back in 1992 where the Chancellor increased rates by 2% in a day and then another 3% shortly after. Although this is an extreme example it is proof that movements in rates are unpredictable. Our expert advisors can inform you on the best option suited to your requirements and how you may be affected by changes in interest rates.