Your Trusted Mortgage Advisor

Speak to an Expert Advisor

or

Let us Look Into The Best Rates

Why Choose Us

0 %
5-star reviews on Google
0
years we have been as independent mortgage and protection brokers
0 %
customer satisfaction for finding the best deals on the UK market
£ 0
total donated to various charities

Why Choose Ascot Mortgages

0 %
5-star reviews on Google
£ 0
total donated to various charities
0
years we have been as independent mortgage and protection brokers
0 %
customer satisfaction for finding the best deals on the UK market

What Our Clients Say About Us

5.0 Based on 135 reviews from review us onNicholas S. ★★★★★ Fantastic service. Ellie and Jardelle were always quick to reply to any queries and very helpful throughout the process. Highly recommend!Stacey S. ★★★★★ Jason was brilliant to work with! Always on top of the transaction! Would highly recommend 👍Scott ★★★★★ Although I've not bought anything yet, they (Jason in particular) have been super helpful in my search for the right mortgage deal, whilst also giving an honest opinion during these difficult times. Would highly recommend.Sandra I. ★★★★★ Fantastic from start to finish! Natalia and Jason found me the best rate for my remortgage and they were extremely efficient! Best service I’ve ever received from a brokerage company. Thanks so much.Virmantas N. ★★★★★ Amazing service and great communication. Ellie Morgan had quickly completed all requests and over delivered all expectations.Highly recommended for those who want to get the stuff done without any delays!David W. ★★★★★ I have used ascot for 3 renewals since they done helped me with my purchase which was complicated and will continue to use them going forward. Very fair prices and very helpful and knowledgeable even with just general information.Adam B. ★★★★★ Natalia made life very easy for us when remortgaging. Third time using ascot always a breezeTaff G. ★★★★★ Ascot Mortgages have been brilliant. Easy to work with and incredibly helpful. I am always happy to recommend them. Natalia and Jason have made the whole process much easier than I was expecting. Excellent service.Daryl L. ★★★★★ We've had a fantastic experience with Natalia Barry and Jason Jones at Ascot Mortgages for our property purchases and refinancing. Their expertise, coupled with genuine care and understanding of our needs, made the process smooth and stress-free.They were consistently communicative, keeping us informed at every step. Their assistance in consolidating our protection cover was invaluable, simplifying what could have been a complex process.What set them apart was their personal touch – always polite and ready to pick up the phone for a chat. This level of personal engagement is rare and much appreciated.In short, Natalia and Jason are not just skilled professionals but also truly dedicated to their clients. We highly recommend their services to anyone in need of mortgage advice.Jason J. ★★★★★ Great company!Sarah A. ★★★★★ I have used this firm for several years and they have always been super helpful and supportive, attentive and resolved issues in really useful ways. Shout out to Alison, Ellie and Jardelle (and the team!)Georgia W. ★★★★★ We worked with Ellie to secure our mortgage and protection, and she was a dream! Being a first time buyer, I was quite clueless about the process, and in a time where mortgage rates have been quite high, she worked right til the end to make sure we were getting our mortgage at the best possible rate and was always available to answer all questions I had. Can't recommend enough 🙂Richard D. ★★★★★ Laura S. ★★★★★ As a first time buyer, trying to navigate through potential mortgages was a very daunting thought. Ascot Mortgages were recommended to me and I've been extremely happy with the service provided. They have guided me through every step and I finally have a mortgage. Very pleased and would recommend.Lucy B. ★★★★★ Having Phil as my mortgage advisor was great from the very start! He is down to earth and speaking to him was always a pleasure. The kindness, compassion and support I have been given all the way through what can be a stressful process was immeasurable. Phil and Jardelle worked as a solid team and was able to make me feel at ease all the way through buying my first home. The team were always available and the communication between everyone was always clear and I felt safe in the hands of the company as a whole. Thank you for helping me buy my first home!Flora R. ★★★★★ I worked with Richard (Protection Adviser) for a couple of days to sort out life and critical illness insurance. Absolutely brilliant, he found me and my husband the perfect policy. Very knowledgeable and easy to get on, he definetely makes things easy to understand. Thank you for the great service provided.Matthew R. ★★★★★ I've dealt with Phil at Ascot Mortgages for a while now and Phil always comes back back to me with the right plan.Keep the good work up!rafal W. ★★★★★ I would thoroughly recommend Phil Greenwood at Ascot Mortgages ltd to anyone looking to seek advice on purchasing a home.Phil was absolutely fantastic. He made the process very smooth and easy and was always there to answer any questions I had.Shahid L. ★★★★★ This company has been truly amazing in constantly giving me the support and help i need for my mortgage and for their continuous work ethic guiding customers like myself and educating them into making the best possible decisions. My special mention goes to Phil Greenwood who deserves every single credit for his brilliant work and communication skills. The more I got to work with Phil, the more he gained my respect as he is a hugely likeable man and possibly the best mortgage advisor yet. Even after I finished my time with Ascot Mortgages, I will never lose my trust in the company and I hope they exceed their business and gain even more success and popularity.Best wishes,Shahid Latif and familyPretty L. ★★★★★ Phil helped me renew my mortgage. He was great at keeping me updated with any rate changes and secured a lower rate than at the time my mortgage went through. Thank you Ascot for your supportNikki E. ★★★★★ Huge thanks to Richard Johnson for sorting out all of my insurance policies! I had accumulated a variety of life cover and various other policies over the years that all needed a good review and refresh. Richard was extremely patient and helped me to remove the duplication and choose the best cover to suit our current needs. I have used Ascot Mortgages for over 12 years and have met several members of the team, always finding the right help and support to work through what can be a complicated and stressful time. Thanks again, Richard!Andrew T. ★★★★★ Working with Richard at Ascot has been a great experience. He listened to us and was very professional throughout. This was our first experience with Richard but we've been using Ascot now for 6-7 years. Thank you all at AscotAngie B. ★★★★★ Always give a great service and find you a mortgage in a timely fashion.Alison is awesomeAndrew M. ★★★★★ We have used Ascot Mortgages for over 5 years now and have had excellent service throughout, primarily with Alison and Kevin. Our latest dealings have been with Richard Johnson who although new to us (and to Ascot I believe) has once again provided the 5 star level of service we have come to expect. His product knowledge is excellent offering a range of options supported with consistent communication and updates, always available on the phone or on email every step of the way.Ali H ★★★★★ Excellent service, a big thanks to Natalia Barry for her excellent support with my buy to let mortgage application, Natalia was professional, transparent, and kept me informed during all the process, and thanks to Jason jones for his assistance and support.js_loader

Written by:

Alison Gibson

Ascot Mortgage Expert

Last Updated:

06.02.2024

Written by:

Alison Gibson

Ascot Mortgage Expert

Last Updated:

06.02.2024

Mortgages

Securing a mortgage, a loan taken out to buy property or house, can feel like navigating a complex maze. With the mortgage market in the UK being so complex and fast changing, it is essential to make an informed decision when picking the right mortgage for you. This article aims to highlight the mortgage pathway, providing you with comprehensive insights and guidance.

How to Get a Mortgage

  1. Check your credit score: Your credit score impacts the mortgage rates offered to you. You can check your score for free with a credit reference agency.
  2. Decide what type of mortgage you need: Your choice will hinge on your personal circumstances, the property or house in question, and the amount you can afford to repay monthly.
  3. Save for a deposit: As a rule of thumb, a larger deposit equates to lower interest rates.
  4. Compare mortgages: Utilise a mortgage comparison tool to help you unearth the best mortgage deal tailored to your specific needs, including the percentage of interest and deposit.
  5. Apply for a mortgage: You can either apply directly to a lender or engage a mortgage advisor or broker to help you navigate the market. At Ascot Mortgages, our professional advisors provide impartial mortgage advice, guiding you to the best deals across the market, including those specific to house purchasing.
  6. Obtain a decision in principle: This statement from a lender promises a certain loan amount before you’ve finalised the purchase of your house subject to full underwriting.
  7. Complete the purchase: After your offer on a property or house is accepted, you can finalise the mortgage application process.

Mortgage Repayment Calculator

What Mortgage Do I Need?

Identifying the right mortgage deal for your needs is vital. Let’s explore a few types:

Remortgage

Remortgaging allows you to switch your current mortgage to a new deal with your existing lender or a different one. If your fixed-rate term is nearing its end or if interest rates have dipped since your mortgage initiation, remortgaging could save you money. Our Ascot Mortgages team is well-versed in facilitating remortgages, aiding in securing the best deals for residential properties.

First Time Buyer

First-time buyer mortgages are tailored for individuals taking their first steps into property purchase. Factors such as income, credit score, and deposit size are considered by the lender.

Buy-to-let Mortgage

Buy-to-let mortgages cater to those purchasing a property for investment purposes. Typically, these are interest-only loans, where only the interest, not the loan itself, is repaid each month. Ascot Mortgages is a leading mortgage broker in securing buy-to-let mortgages, helping investors to achieve their goals of either increased income or capital growth for their future pension.

Ascot Mortgage Expert

What Our Expert Says...

Mortgages help many people buy their dream homes. However, choosing the right mortgage can be tricky due to the many options available. Whether you’re buying for the first time or considering a new mortgage, good advice is key. Always remember, mortgages are long-term deals, so make sure you choose wisely. I am here to help guide you to the right decision. Don’t hesitate to seek expert advice when you need it.

What Are the Different Types of Mortgages?

The world of mortgages offer many different options. Here are some commonly chosen types:

Fixed Rate

A fixed-rate mortgage provides the security of a fixed rate of interest for a predetermined period, ensuring consistent monthly repayments.

Variable Rate

A variable rate mortgage, conversely, has a fluctuating interest rate, meaning monthly payments could rise or fall.

Tracker Rate

A tracker rate is a variable interest rate which ‘tracks’, or follows, the Bank of England base rate, or Sonia rate for example meaning monthly payments could rise or fall.

Discount

Discount mortgages offer a reduction on the lender’s standard variable rate (SVR) for a certain duration.

Standard Variable Rate (SVR)

The SVR is a type of mortgage interest rate that you are most likely to switch to after an initial fixed, tracker or discounted deal expires.

Fixed or Variable Offset Mortgage

An offset mortgage ties your mortgage to your savings account. The savings are ‘offset’ against the mortgage debt, and you only pay interest on the balance between the two.

Interest Only

An interest-only mortgage involves paying just the interest on the loan and nothing off the capital – the amount you borrowed.

What Mortgage Can I Afford?

Your income, outgoings, credit score and deposit size all influence the mortgage loan you can afford. Lenders use these factors to assess lending risk.

A mortgage calculator can be invaluable in determining how much you could potentially borrow and what your monthly repayments would be.

Mortgage calculators provide a snapshot of how much you might be able to borrow, and what your repayments could look like. They consider the loan amount, the interest rate, and the loan term.

Help for First-Time Buyers

Several schemes aim to support first-time buyers stepping onto the property ladder:

The Mortgage Guarantee Scheme

This scheme sees the government providing lenders the guarantee required to offer mortgages covering up to 95% of the purchase price.

Help to Buy Equity Loan

Under the Help to Buy Equity Loan, the government lends you up to 20% of the cost of your newly built home. This is combined with a 5% deposit and a 75% mortgage to cover the remaining cost.

Help to Buy Shared Ownership

Shared Ownership enables you to buy a share of your home (typically between 25% and 75%) and pay rent on the remaining share.

Stamp Duty Relief

In the UK, first-time buyers can benefit from stamp duty relief, meaning no stamp duty is paid on properties up to a certain value.

Choosing a mortgage is a significant financial decision, and getting the best advice is critical. Always consider your personal circumstances, do your research, and seek professional advice if required. As a family-run business with over 40 years’ experience in the financial services industry, Ascot Mortgages is dedicated to delivering the best mortgage deals while maintaining excellent customer service.

Taking that leap to secure a mortgage can indeed seem like a daunting process, especially for first-time buyers. The vast number of choices and considerations can easily leave one feeling somewhat lost. That’s why consulting with a seasoned professional can dramatically increase your chances of success. It can bring clarity to those seemingly convoluted mortgage-related complexities, preventing you from falling prey to any potential pitfalls borne out of a lack of understanding. 

Now’s the time to align yourself with a trusted partner to secure the most advantageous mortgage deal for a house. With Ascot Mortgages, you’re not just comparing mortgages; you’re elevating the entire process. So stay connected and discover the real opportunities that await you within the UK’s mortgage landscape. Don’t just secure a mortgage; master it with Ascot Mortgages and make your dream house a reality.

Apply for a Mortgage

Get things moving, apply for a mortgage.

Call Now - 01925 711 558

Free unbiased mortgage advice is just a phone call away.

FAQ

A mortgage is a loan used to buy property or land. You repay the loan, along with interest, over a set term. The property is used as security until the loan is fully repaid.

The LTV ratio is the amount of the loan compared to the value of the property. For example, an 80% LTV means you borrow 80% of the property’s value. The rest is covered by your deposit.

This depends on your income, outgoings, and personal circumstances. A general rule is that your mortgage payments should not exceed 28-35% of your gross income. When you’re ready, we can help you work out what you can afford.

This is the cost of borrowing money for your mortgage, expressed as a percentage of the loan. It impacts your monthly repayments and the total amount you’ll repay.

Consider the type of mortgage, its term, repayment structure, fees, and the lender’s customer service.

A mortgage in principle is a conditional offer made by a mortgage lender that they would ‘in principle’ give you this amount of money towards purchasing a property.

APRC stands for Annual Percentage Rate of Charge. It includes both the mortgage interest rate and any associated costs for securing the mortgage.

Common fees include booking fees, arrangement fees, valuation fees, and legal fees.

You’ll usually need buildings insurance, and you may want to consider life insurance, income protection, and critical illness cover.

Improving your credit score, saving a larger deposit, reducing debts, and ensuring you’re on the electoral roll can all help.

Typically, you’ll need at least 5-10% of the property’s value, although a larger deposit could secure better rates.

Meet Our Team

Video

Contact Us

*Privacy Notice - Any information provided will be treated with confidentiality and will only be accessible within Ascot Mortgages