"I found your staff to be professional and friendly, and wouldn't hesitate to recommend to friends and family."
Mr & Mrs T., Somercotes, Derbyshire
our online Mortgage Guide - Page 9 of 14:
There are an amazing number of mortgage products in today's mortgage marketplace, and it's not always clear which will be the most suitable for your circumstances and needs.
That's what it really is very useful to have a professionally qualified mortgage advisor from Shire Direct assess your requirements, and then come up with the most appropriate advice and recommendation.
There are lots of factors to take into account when choosing a mortgage product, and it's not always the cheapest fixed rate, or tracker, or discounted plan. You need to take into account features such as Higher Lending Charges (HLC), Portability, lock-in (or mortgage tie-in) clauses and Early Repayment Charges (ERC's), plan costs and fees, length of the preferential rate period.
You'll also need to take into account your future plans too. So all in all, it can be a bit of a mortgage minefield!
Here are some further resources on our website relating to the Mortgage Products of today and various factors that you should take into consideration before choosing your mortgage...
So that wraps up our look at today's mortgage products. On the next page we'll look at the Mortgage Application process and exactly what's involved.
NEXT: The Mortgage Application Process ›
The overall cost for comparison is 9.8% APR.
The actual rate available will depend upon your circumstances. Ask for a personalised illustration. APR variable and based on a usual case. Most customers are likely to receive a lower rate or the same rate as our overall cost for comparison rate - learn more about APR.
There are no upfront broker fees.
However, a fee may be charged on successful completion. An indication is that on conforming cases (straightforward applications with no or minimal adverse credit) a fee may be charged of up to 1% of the amount advanced, typically £795 and will depend on your circumstances.
For non-conforming cases (where case research and processing may be more complex due to adverse credit or unusual circumstances), a fee may be charged of up to 3% of the amount advanced, typically £1,995.
THINK CAREFULLY BEFORE
SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED
IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Adding existing debt to your mortgage will increase the repayment term and overall cost.
Claim £100 worth of Argos Vouchers upon completion of your transaction throughout 2008. Terms and conditions apply - see our Vouchers Special Offer page for full details.
Shire Direct and Shire Direct Mortgages are trading styles of Shire Processing Centre Limited which is
Authorised and regulated by the Financial Services Authority in respect of regulated mortgage products and general insurances.
Registered No: 302389. Commercial funding and Secured Loans are not regulated by the FSA.
Licensed Credit Brokers. Consumer Credit Licence Number: 349999.
Shire Processing Centre Limited is registered under the provisions of the Data Protection Act by the Information Commissioners Office: Registration No: Z6795249. Registered in England & Wales. Company number: 2732202. Telephone calls may be recorded for training, monitoring and security purposes. All applicants must be aged 18-years or over.