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Mortgages
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Find your dream home
Home ownership is within reach
FIXED RATE
A fixed rate mortgage has an interest rate that remains the same for a set period, usually 2-5 years, although some lenders offer longer fixed rate terms up to 10 years or more. The stable interest rate provides certainty and peace of mind since your monthly mortgage payments stay the same.
TRACKER
A tracker mortgage has an interest rate a few percentage points above the Bank of England's base rate, so your payments rise and fall as the base rate changes.
DISCOUNTED VARIABLE RATE
Similar to a tracker mortgage, a discounted variable rate mortgage has an interest rate set at a fixed percentage below the lender's standard variable rate (SVR). Your payments fluctuate based on changes to the lender's SVR.
. STANDARD VARIABLE RATE
A standard variable rate mortgage follows the lender's SVR without a discount. You automatically switch to this type of mortgage when any introductory fixed, tracker or discounted rate period ends.
INTEREST ONLY
An interest only mortgage is one where your monthly payments only cover the interest charged each month, not the loan amount. You must repay the full borrowed amount at the end of the term, often through selling the property or investments.
OFFSET
An offset mortgage links to your savings account, offsetting the balance against the mortgage amount each month to lower your interest charges. You don't earn interest on the offset account.
Our process is simple from start to finish
Complete the form with your relevant info (your credit score is not affected).
We'll asses your situation and offer tailored advice
We will work on your behalf and aim to offer you the best deal available
Try out our range of mortgage calculators to get a rough idea of how much you could borrow and estimated monthly payments.
Welcome to our comprehensive collection of mortgage calculators designed to put you in control of your home financing journey. Whether you’re exploring stamp duty costs, determining affordability, estimating repayments, or seeking the latest daily deals, our range of powerful calculators equips you with the insights needed to make informed decisions.
Take advantage of these valuable tools and embark on your path to successful homeownership today.
KEY THINGS CONSIDERED FOR THE BEST MORTGAGE DEAL
Rates: Consider fixed versus tracker rates. Fixed rates offer stability with consistent monthly payments, supporting easier financial planning. However, trackers may cost less long-term despite fluctuating payments. Evaluate which suits your finances and risk tolerance.
Fees: Carefully factor in all fees when comparing deals, as they can substantially increase overall costs. Also account for early repayment charges if you exit before the initial term ends.
Credit Rating: Your credit score greatly impacts available rates and products. Check your credit report beforehand so you can boost your rating where possible, like getting on the electoral roll. Higher scores expand your options.
Compare Deals: Our brokers compare the entire market to find your optimal deal, often accessing exclusive discounted products unavailable directly. Whether buying or remortgaging, we identify the right option by comparing all lenders.
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Contact
02476 01 4545
661 Foleshill Road, Coventry, CV6 5JQ
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Peters Financial is an appointed Representative of Dragon Brokers Limited T/as The dragon network which is authorised and regulated by the Financial Conduct Authority under registration number 599430. Registered office 661 Foleshill Road, Coventry, CV6 5JQ. Registered in England
Peters financial is a credit broker and you can confirm our registration on the FCA's website.
The actual APRC you are eligible for depends pm individual circumstances.
If you are thinking about consolidating existing home borrowing, you should be aware that you may be extending the terms of the debt and increasing the total amount you replay.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE
The guidance and or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
The Financial Ombudsman Service (FOS) is an agency for arbitrating of unresolved complaints between regulated firms and their clients. Further details of the FOS can be found on its website: www.financial-ombudsman.org.uk