Mortgages

A mortgage can be one of the most important debts you will take on in life, but are you sure you’re getting the best deal? To help give you a clearer picture, we have searched the internet and found a selection of calculators that will show you everything from affordability through to how much Stamp Duty could be due.

Purchasing a new home, remortaging, or buying a commercial property, can incur many unforeseen costs. For this reason, many people opt to cut out the middleman, in a bid to save some money. But, in most cases, this approach is not as cost or time efficient as you may think we disagree with this approach. So, why should you consider using a mortgage expert over securing your mortgage yourself?

 

The truth is that using an expert can be invaluable. Mortgages can be far more complicated than you may first think and there are many layers to mortgage planning, which can be overlooked if you go it alone.

A mortgage adviser will often have access to mortgages that the consumer can’t access. They will also be able to identify what mortgage is best for you.

 

Efficient Portfolio are holistic, truly independent, Financial Planners, which means that we look at all areas of your finances to create a complimentary strategy across the board. It is our belief that  mortgage advice, whilst being dealt with by a specialist, should closely tie in with your financial planning. This is how we differ from traditional Mortgage Brokers.

 

Like all aspects of financial planning, it is important to look at the bigger picture, and ensure that all of your ‘cogs’ are working together to help you achieve your goals, which is exactly what our independent experts will provide. Typically, a Mortgage Broker will just advise you about your mortgage; in contrast, our mortgage solution integrates all elements of your plan. For example, we’ve seen people come to us having arranged a 30-year mortgage to keep the costs low, but not realising that they will need to restructure their protection for longer, which significantly increases their costs. We can factor this into their planning, to ensure they are receiving the best solution for their specific needs. They will also look at any related life insurance, payment protection and even buildings and contents insurance you have to make sure that you have the most suitable protection in place. Having a safety net should be the cornerstone of your financial planning, so why risk your most valuable asset?

 

Over the last few years, the rules governing mortgages have also significantly tightened.  The Mortgage Market Review, in particular, has been designed to ensure that affordability is scrutinised, background checks are far more in-depth and rate increases are reviewed. Understanding these changes, and how they work in practice, means that a mortgage adviser can ensure that you are getting the best possible deal for your circumstances, in the quickest and most-cost effective way.

 

Very much like using us as your Financial Planner, employing the services of a registered mortgage specialist means that you will be protected, as they have a duty of care to you.  If the recommendations are not suitable for your needs, you will be covered by the FSCS, so you can complain and be compensated. By arranging the mortgage, yourself, this legal recourse is reduced.

 

An independent mortgage adviser will look for the best mortgage for you from the whole of the market. They aren’t on the lender’s side, they’re on yours, and are able to offer a far wider range of opportunities and choice than if you went direct. A good mortgage adviser will also review what mortgage you have in place, ensuring that your mortgage needs evolve with you over time. They will also ensure that you don’t get stung by the banks’ traditionally high fees, which are especially painful for first-time buyers.

The truth is that using an expert can be invaluable. Mortgages can be far more complicated than you may first think and there are many layers to mortgage planning, which can be overlooked if you go it alone.

Why choose us as your mortgage advisers

Efficient Portfolio are holistic, truly independent, Financial Planners, which means that we look at all areas of your finances to create a complimentary strategy across the board. It is our belief that mortgage advice, whilst being dealt with by a specialist, should closely tie in with your financial planning. This is how we differ from traditional Mortgage Brokers.

"Leaving a legacy for those we love is a common wish that many of us share. Knowing that your spouse, children or close loved ones will be cared for, and are able to continue with a comfortable standard of living after you’ve gone, will give you a sense of accomplishment and peace of mind, but are you aware of the risks involved with inheritance?"

How we can help you find the best solution for your circumstances

Like all aspects of financial planning, it is important to look at the bigger picture, and ensure that all of your ‘cogs’ are working together to help you achieve your goals, which is exactly what our independent experts will provide. Typically, a Mortgage Broker will just advise you about your mortgage; in contrast, our mortgage solution integrates all elements of your plan.

We are able to provide independent mortgage services from across the market, including:

Equity Release
Buy-to-Let
First Time Mortgages
Remortaging
Ongoing monitoring and support

True Cost Mortgage Calculator: Rates and Fees

This True cost mortgage calculator allows you to really compare how different home loans stack up by checking what arrangement fees add to the overall cost over the life of a deal. It will tell you the monthly repayments for rival mortgages and crucially let you add fees, so that you can compare the total cost over a deal period, such as a two, or five-year fixed rate mortgage.

Stamp Duty Calculator

Stamp duty is a major bill for those buying a home but puts more of a burden on some buyers than others. While first-time buyers get a stamp duty exemption and those buying an average UK home face bills of about £2,500, people buying expensive homes and buy-to-let landlords can pay tens of thousands

Mortgage Monthly Interest Calculator

Calculate your monthly mortgage repayments and find out how much your loan will cost you in interest...

Mortgage Affordability Calculator

Find out how much you can afford to borrow, or whether you can afford your existing mortgage. You can also see the difference between capital repayment and interest-only deals, to see which is more suited to your needs.

Mortgage Interest Rate Calculator

Work out how much extra or less you would pay on your mortgage if your lender changes the rate you are paying.

Interest Only Mortgage Calculator

The switch from an interest-only to repayment mortgage can be expensive. This calculator shows how much extra a month - and the total amount - you might have to pay if you for a move from interest-only to repayment.

Book a chat with our experts

The first step in achieving your goals is to discuss your current concerns with one of our qualified Financial Planners.
GET IN TOUCH