Category: Belfast Mortgage Advisor

Searching for a Belfast Mortgage Advisor. For the best mortgage advice in Belfast and throughout Northern Ireland contact Best Mortgage Services. Telephone and home appointments available to suit you.

Santander Remortgage fixed rates

2 year fixed rates

Max Loan to ValueRateArrangement feeIncentives
60%3.80£9991
60%4.0501
75%3.99£9991
75%4.3901
90%4.74£9991
90%5.0901

Incentive 1 = Free valuation and Free remortgage legal work. Arrangement fees where applicable may be added to loan.

3 year fixed rates

Max loan to valueRateArrangement feeIncentives
60%3.90£9991
60%4.2401
75%4.06£9991
75%4.3701

Incentive 1 = Free valuation and Free remortgage legal work. Arrangement fees where applicable may be added to loan.

5 year fixed rates

Max loan to valueRateArrangement feeIncentives
60%3.86£9991
60%4.0001
75%3.96£9991
75%4.1201
85%4.19£9991
85%4.3901

Incentive 1 = Free valuation and Free remortgage legal work. Arrangement fees where applicable may be added to loan.

Contact a local Mortgage Broker to discuss the best mortgage options.

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Santander 5% deposit First Time Buyer mortgage rates

2 year fixed rates

5.14% rate at 95 % loan to value with no arrangement fee. Free mortgage valuation.

5 year fixed rates

4.99% rate at 95% loan to value with no arrangement fee. Free mortgage valuation.

3 year fixed rates – available only to New Build properties

5.23% rate at 95% loan to value with no arrangement fee. Free mortgage valuation.

Get in touch with a local Mortgage Broker

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Natwest offers 5.5 x income for new mortgages.

NatWest has boosted its loan-to-income calculations for residential capital and interest repayment mortgages to allow first time buyers to borrow up to 5.5 times their income.

Single or joint borrowers earning over £40k and borrowing between 75% and 90% loan-to-value, could get a mortgage multiple of up to 5 times income

Those earning over £75K sole income/£100k joint income and borrowing between 75% and 90% LTV could get a mortgage multiple 5.5 times income

These loans to income are subject to affordability and credit scoring.

The enhanced multiples are not just available to first time buyers. Applicants moving home can also avail of the higher income multiples for a mortgage on their new property.

NatWest is the latest lender to enhance its LTI criteria after Marsden Building Society, Loughborough Building Society and TSB recently announced changes.

To discuss your mortgage options contact a local Mortgage Broker.

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Understanding the Halifax First-Time Buyer Boost

When selecting a first mortgage, factors beyond interest rates must be considered, including associated costs and process simplicity. The Halifax First Time Buyer Boost enables borrowing up to 5.5 times income for first-time buyers with a minimum income of £50,000, subject to credit profiles and specific criteria.

When choosing a first mortgage for your client, there are more things to consider than just the interest rate. You also need to consider all the associated costs involved, and how easy the process will be – from application to completion.

When it comes to helping first time buyers, we know that the main obstacles are size of the deposit and being able to borrow the amount needed to buy the home.

The Halifax First Time Buyer Boost offers an increased 5.5x loan to income. The following criteria applies

At lease one applicant is a first time buyer
Total income on application is £50,000 or more
Maximum borrowing is 90% of the property value
The First Time Buyer Boost is not available where the mortgage is on shared equity or shared ownership schemes.
For applications with any element of self-employed income the loan to value boost will not apply
Subject to applicants credit profile.

Get in touch with a local mortgage broker.

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£5,000 deposit mortgage for First Time Buyers

Accord launched the £5k deposit mortgage last year enabling first time buyers to purchase a property up to a maximum of £500,000 with just a £5,000 deposit. The property is available to houses and flats with the exception of new build flats.

The product is available on a repayment basis only and the maximum age at the end of the mortgage term is 70 years. The five year fixed rate has been reduced from 5.74% to 5.69%.

To discuss the Accord mortgage with a local mortgage broker please contact us.

First Time Buyer

First Time Buyer mortgageWith so many mortgage products on the market and numerous incentives for the first time buyer, it is vital to obtain the services of a Mortgage Broker.

We have specialist Mortgage Brokers throughout Northern Ireland with expert knowledge of all the mortgage options.

Contact us using the form below to request a call back.

Get in touch with a local Mortgage Advisor

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By submitting this form you agree to being contacted by a regulated mortgage broker to assist with your query.

Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt that is secured on it.

First Time Buyer Mortgage

If you are planning on buying your first home talk with a local mortgage broker before you start viewing properties. This will give you an idea of how much you can borrow based on your income, the amount of deposit saved and your credit rating.

Your local advisor will also guide you on the other costs involved in buying a property such as solicitor’s fees, surveys and insurance and stamp duty.

The information provided on this website is for information and guidance purposes only and does not represent financial advice. Financial advice is provided by our partner advisers who are regulated by the Financial Conduct Authority.

First Time Buyers

Best Mortgage Brokers

Top Mortgage Review Service for Homeowners

A mortgage review could save thousands. Lenders are competing strongly with each other to attract new mortgage customers. Many however have not reduced their standard variable rate to existing mortgage customers.

Mortgage Review

Following the increase in inflation analysts are predicting that interest rates could follow. It could be a good time to secure a long term fix rate to protect against these risks.

Contact Best Mortgage Services for the cheapest remortgage rates. Book a free mortgage review and find out how much money you could save. An initial chat could save you a lot of time and money.

Book a free mortgage consultation.

Homeowner mortgage reviews

Best remortgage deals

 

Top Independent Mortgage Advisors in Northern Ireland

Independent Mortgage AdvisorsWe are partnered with “whole of market” Independent Mortgage Advisors throughout Northern Ireland. Our Mortgage Brokers compare thousands of deals that are on the market. Mortgage deals change frequently and it is important to deal with a whole of the market mortgage broker to compare interest rates, fees and other charges to get the best deal for you.

Your local Mortgage Advisor will communicate with estate agents, solicitors and insurance companies to make the application process as smooth as possible.

Best Mortgage Services

Get the best mortgage advice with appointments to suit your schedule. 

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Type of mortgage(required)

By submitting this form you agree that a regulated mortgage broker will contact you to assist with your query. Your details will not be sold to any third party and will not be used for future marketing purposes.

Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt that is secured on it.

Independent Mortgage Advisors

Independent Mortgage Brokers

Santander fixed rate mortgages

Santander has a 5 year fixed rate of 4.20% with a £999 fee that can be added to the loan.

The three year fixed rate is 4.40% and the 2 year is 4.28%. Both products with a £999 fee that can be added to the loan.

These products are available at 60% loan to value and have the benefit of a free valuation.

They are one of few providers to offer a 10 year fixed rate at 4.44% with a £999 fee that can be added to the loan. This offers peace of mind for customers looking to lock in a long term rate.

For remortgage customers the above products are offered with a free valuation and free remortgage legal work.

Get in touch with a local mortgage broker. Complete the form below

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House prices not affordable except in Northern Ireland

The average cost of a home in England was £298,000 in the 12 months to the end of March last year, equal to 8.6 years of average household income, the latest official data shows.

The Office for National Statistics (ONS) calculates this affordability level on an annual disposable household income of £35,000 during the period. An acceptable level of house price affordability is at five years of household disposable income.

It adds that since 1999 “house prices have increased twice as quickly as household incomes in England; house prices in Wales and Scotland have also increased more rapidly than incomes, but the differences are more moderate”.

The department points out that average house price to disposable household income ratios were 5.8 years in Wales – based on homes priced at £205,000 and £35,000 average incomes.

In Scotland, the ratio is 5.6 years – based on homes priced at £185,000 and £33,000 average incomes.

While in Northern Ireland the ratio is 5 years — based on homes priced at £160,000 and £32,000 average incomes.

The ONS says for low-income households, average-priced homes in all four countries have been “unaffordable” since 1999, when it began collecting data in this series.

It says only the 10% of highest-income households in England could afford an average-priced home with fewer than five years of household income in the financial year to 2023.

This is in comparison to Northern Ireland where an average-priced home was affordable with an average household income.

Contact us to discuss your mortgage options