Unbiased Matching Service

Thankfully everyone is different, so the perfect match is important. We handpick an advisors for you based on your specific needs at absolutely no cost.

Jargon-free Advice

Mortgages and insurances can be complicated. We tell you all the information you need to know in a way that’s easy to understand, whilst searching the whole of market for the best fit product for you.

Concierge Services

Your own qualified advisor and case manager will walk you through every step of the process, you’re not on your own – we’re in this together.

Legal, We've got you

We have a panel of 5* rated solicitors, helping you choose the right one based on verified reviews, cost of services, location and much more! We will even instruct a solicitor on your behalf and allocate a virtual assistant to share regular updates from your chosen conveyancer.

Daily Deal Tracking

After you complete, we don’t stop sleep. We use market-leading technology to automatically track your product each day to see if a better one comes up, taking into consideration every little detail of your mortgage – if you can save money by changing early then we will let you know.

Matched in Moments

Let us know the property value, your deposit, the length of term you'd prefer and how you wish to repay. Our algorithms will automatically identify 50+ key data points based on the profile of information given and use these to match you with the best possible mortgage advisor, all in a matter of moments.

What kind of mortgage do I need?

A fixed-rate mortgage simply means the interest rate remains the same over a set period of time. It means repayments will also be the same every month, so no need to worry about a rise in interest rates. You will often find deals will offer between two and five years of fixed rates, although some lenders offer 10 years or more!

A tracker mortgage will charge you an interest rate that is usually a few percentage points higher than the Bank of England base rate. The base rate is the interest rate that banks on the high street borrow money. This means that your monthly repayments will rise and fall too.

A standard variable rate mortgage is a type of mortgage interest rate that you are most likely to go onto following an introductory fixed, tracker or discounted deal.

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 until the end of the term. This means your monthly payments don’t pay off any of the loan – instead, you pay the full amount back at the end of the mortgage term in one lump sum.

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Key things to consider when looking for the best mortgage deal...

A fixed mortgage rate can offer peace of mind with a guarantee of what your monthly repayments will be over a set period of time which means financial planner can be easier although a tracker could be cheaper overall. It’s important to consider what suits your financial circumstances and attitude to risk.

Always consider what fees are attached to a mortgage deal, they can add a considerably unaffordable overall cost. Don’t forget to factor in the length of the initial term too as there is likely to be an early repayment charge if you want to leave early before that term is ended.

Credit rating can have a BIG impact on what mortgage deals, and rates, you will be able to access. It’d be savvy to check your credit report before applying for a new mortgage so you can take the steps to improve your rating where possible. Simple things such as getting on the electoral roll can help.

By speaking with SmartMoneyTeam you can shop around to make sure you compare the whole mortgage market to find a deal that suits your needs – often getting access to unique and discounted products you wouldn’t get directly with lenders or through other brokers! Whether you’re looking to buy or remortgage, we compare deals across the market to source the right ones for you.

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FAQs: Mortgages

A mortgage is a type of loan that allows you to buy a house. There are several types of mortgage products available, so you can get the right one for your situation.

When applying for a mortgage, you need to put down a deposit, which is a percentage of the property value. This gives lenders an element of trust to borrow you the remaining amount that’s needed to purchase the property.

In most cases a 10% deposit of the property value is required, however, it is possible to get on the property ladder with a 5% deposit. There are plenty of benefits to saving a bigger deposit, they are:

  • Cheaper monthly payments – the less you borrow, the less you back
  • Better mortgage rates – lenders give better mortgage rates for those with higher deposits
  • More chance of getting accepted – lenders perform affordability checks, and the higher your deposit the less your monthly payment will be
  • Lower risk – if your property equity falls, there’s less chance of you owing the lender in the long term

Yes, you can still get a mortgage with bad credit. You may not get access to the most competitive rates, but it’s definitely still possible. Lenders will look at your payment history, so any missed payments or CCJs in the past will work against you.

If you want to get on the property ladder, a mortgage is usually the best option, unless you’re able to save up the amount to buy a house outright.

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Try our free mortgage calculator to get a rough idea of how much you could borrow & estimate monthly payments
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Where all the hard work is done for you...

Your mortgage is one of the biggest financial commitments you’ll ever have, we compare deals so you can be sure that we’ll find the perfect product for you.

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