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Mortgages2024-09-09T15:56:44+01:00

Mortgages

Let us see you through the mortgage maze.

Whether you are moving home, remortgaging, building an extension, building your own home, a first time buyer or a buy to let mortgage, there are many different products available. 

There are different types of mortgage rates available:

Fixed Mortgage

A fixed rate mortgage is one where a lender offers a rate that can be fixed/kept in place for a period of time. They come in periods such as 2-year, 3-year, 5-year and even up to 10 years. The advantage of fixing the mortgage rate is the rate stays the same for the period of time that it is fixed for. Even if interest rates go up during the fixed period then the monthly premiums remain the same. Therefore, a disadvantage is if rates go down then the fixed rate doesn’t go down with it. Please get in touch if you have any questions or require further information

Tracker Mortgage

Interest rates are looked at every month by the Bank of England and they will decide whether to lower, no change or increase the base rate. The base rate is important when deciding what product to go for. A tracker mortgage is one where a lender offers a mortgage that tracks along with the Bank of England base rate. For example a tracker rate would be one where the rate will always be 0.99% above base rate. If the base rate is 1% then by adding the tracker rate then the interest rate to pay would be 1.99%. If the base rate changes either by increasing or decreasing then the tracker rate always remains at 0.99% above the base rate in this example. Please get in touch if you have any questions or require further information.

First time buyer

If you are a First Time buyer then Fortress understands that you are new to the process and we are here to help along the way. We will explain the full process at each stage and ensure that you understand what is needed and why it is needed. We have helped many first time buyers get on the ladder and therefore understand the process and in order to make you comfortable we will ‘hold your hand’ throughout the whole process. If you are thinking of buying a property for the first time and have any questions or concerns please do not hesitate to get in touch and we will help in anyway we can as we are here to help.

Re-mortgage

As an existing home-owner we appreciate that you may need to re-mortgage your property whether it is because your current rate is due to expire or you want to re-mortgage and borrow extra for home improvements. As a result, we have comprehensive knowledge and systems in place to be able to understand what you need and get you the best possible deal available to you on the current market. If you are coming to the end of your fixed/tracker rate term, then please get in touch and see how we can help.

Discount and Standard Variable Rate (SVR) Mortgage

A discounted mortgage is similar to a tracker mortgage however the mortgage is discounted against the lenders Standard Variable Rate (SVR) Each lender sets an SVR which moves in line with the Bank of England base rate. This is the lenders long term rate and most Fixed, Tracker or Discounted mortgages automatically move on to the SVR when the fixed period comes to an end. For example, you take out a 2-year fixed rate mortgage and after 2 years is up the fixed rate stops and the SVR starts.

As said a discounted mortgage runs along the lenders SVR with a lower % for a period of time. For instance, the lenders SVR is 5% and the discounted rate is 1% less than SVR, therefore the rate you can pay is 4%. However, if the SVR increases or decreases then you will always pay 1% less than the SVR. Please get in touch if you have any questions or require further information.

Buy to let

Fortress Mortgage Services Limited are proud of our BTL knowledge and help many existing landlords and portfolio landlords. Due to our knowledge of BTL’s and our up to date systems on lenders and products then we can offer comprehensive advice on what can be achieved if looking to purchase your first BTL property, increase your portfolio or re-mortgage your existing portfolio. Please do not hesitate to get in touch if you need any help or advice on any aspect of the BTL ‘s as we will be eager to help. The Financial Conduct Authority does not regulate some forms of Buy to Lets.

Moving home

If you are an existing property owner and you have decided to move house, please get in touch and we will help through the entire process to ensure you achieve your property goals. It could be you are in the middle of a fixed rate and there are Early Repayment Charges to pay if you get out of the mortgage. We could research a port of your existing mortgage and save you on the Early Repayment Charges. Fortress advisor’s extensive knowledge and understanding of your needs and circumstances means we have the ability to offer you the solution to achieve the result. Please get in touch if you are thinking of moving and we can advise all your option’s.

Commercial

Fortress can also help with Commercial mortgages although we don’t deal with these directly we have a great referral partner who would be able to help.  The Financial Conduct Authority does not regulate some forms of Buy to Lets.

There are many different types of mortgages and choosing the right one for you and your circumstances can be difficult. Our experts will look at your circumstances and always ensure that the correct type of mortgage, lender and product are recommended.

The Financial Conduct Authority does not regulate some forms of Buy to Lets. Your Home/Property may be repossessed if you do not keep up repayments on your mortgage.

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These figures are only illustrative. An assessment of your needs will be confirmed before a recommendation can be made. A Key Facts Illustration, which is personal to your circumstances, will be provided if a recommendation for a mortgage product is made.

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Mortgage Broker

We offer a comprehensive range of products from across the mortgage market, using our mortgage services and sytems throughout the UK with our main client base in Bournemouth, Poole, Dorset, Alton and the surrounding area. Our systems are updated daily to reflect latest rate / product changes and we are able to source mortgages which are not directly available to the public.

Let us take the hassle out of arranging a mortgage. We will make a full recommendation, make an application (normally direct to the lender using our on-line systems) and keep you informed right through to completion.

Fortress Mortgages does not charge a broker fee for its services.

Call 01202 386053 or email our mortgage advisor today. 

Fortress Mortgage Services Ltd. Is an appointed representative of HL Partnership Limited which is authorised and regulated by the Financial Conduct Authority.

Fortress Mortgage Services Limited is a company registered in England and Wales with company number 4499086. The registered office is 187 North Road, Parkstone, Poole, Dorset, BH14 0LT.

The information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK. The firm does not charge any fee for mortgage advice.


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Areas Covered

  • Poole
  • Bournemouth
  • Dorset