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Excellent Mortgage Rates for Law Firm Partners

February 17th 2010

Their advice is always provided in the form of a report, which is initially ‘free and without obligation’ and is set against a backdrop of interest rate commentary. Via their ‘Ongoing Mortgage Management’ service they endeavour to ensure that clients benefit from the best available rates throughout the lifetime of the clients mortgage.

 Best Buys
 
Product
Initial Rate
Description
SVR
ERC
LTV
Product Fee
OCC
2 year
Flexible Tracker
2.49%
2 year tracker
4.99%
2% for 2 yrs
70%
£1,495
4.60%
 
Offset Tracker
 
2.97%
Tracker for term
2.97%
1% to 31/10/2012
70%
£1,499
3.10%
3 Year Fixed
4.29%
Fixed to 30/04/2013
4.99%
3% to 30/04/2013
70%
£1,495
5.00%
5 Year Fixed
4.73%
Fixed to 31/03/2015
3.94%
1% to March 2015
60%
£999 plus 0.35% of loan amount
4.50%
 
Beware of SVR
Many lenders are using the ‘exceptional circumstances’ clause to increase their Standard Variable Rates. The market also expects SVRs to increase faster than the Base Rate when rates start to rise. We recommend that anyone currently paying SVR, reviews their arrangements immediately.
Tax Bill
If you are currently faced with a large tax bill, the mortgage company can assist by arranging short or long term finance, secured against your property. It may also be a good opportunity to switch to an offset arrangement to manage your savings and tax monies more efficiently.
 
Moving House
If you are moving house or considering purchasing a property either in the UK or overseas, the mortgage companywill match your current circumstances and future aspirations with the most relevant of today’s mortgage products. They will obtain a lender’s ‘Agreement in Principle’, which is aimed to put you in a strong position before submitting an offer.
 
Remortgage
If you are coming towards the end of a mortgage product, the mortgage companywill benchmark the best offer from your existing lender against the most competitive alternatives, highlighting all the relevant costs and benefits. Their initial report will be produced free and without obligation.
 
Depending on your circumstance you may be charged a fee, for example for a mortgage of £250,000, you may be charged a fee of £375.
 
For further information please contact us on 0113 287 8200 or e-mail advice@prosperis.co.uk
 
Your home may be repossessed if you do not keep up with payments on your mortgage.