Mortgages

Getting a mortgage can be daunting, especially with so many different deals to choose from.

EVER NORTH MORTGAGES LTD is here to help. We can compare mortgage deals for you and tell you which deals you’re likely to qualify for, and help you through the application process from start to finish.

We aim to make the whole process as simple as possible, and our experts are on hand whenever you need them. So, if you’re looking for a mortgage, don’t delay, get in touch with EVER NORTH MORTGAGES LTD today and find out how we could help you.

Why choose EVER NORTH MORTGAGES LTD for your mortgage?

EVER NORTH MORTGAGES LTD could save you time, hassle and money, whether you’re applying for a mortgage for the first time, remortgaging, or buying a property to let out.

As the UK’s No.1 online mortgage broker, we’ve made it easy for you to find your best mortgage in just a few simple steps.

All you need to get started is to give us some basic information, which you can submit online using our Mortgage Finder, or in just a few minutes over the phone.

We’ll then search thousands of mortgages from trusted lenders on your behalf, to help you find the best deal you’re eligible for. And don’t forget, our mortgage advisers are on hand to provide you with all the free advice you need.

Once we’ve found the right deal for you and you’ve submitted your application, a dedicated case manager will support you through the mortgage process from start to finish, from form filling to chasing things up. You’ll be able to track your application online 24/7 or over the phone seven days a week.

What are my mortgage options?

Before choosing a mortgage, it’s a good idea to get to grips with the different options that might be available to you. Remember, if you’re not sure which type of mortgage might be right for you, our experts are on hand to advise on the best deal to suit your circumstances.

Fixed rate mortgages

As the name suggests, with a fixed rate mortgage, the rate is fixed for a set period of time, which can range from two years right up to ten years, or sometimes even longer. Fixed rate mortgages usually appeal to those who want peace of mind that their mortgage payments won’t change regardless of what happens to interest rates. Find out more in our guide ‘What is a fixed rate mortgage and how do they work?’.

Variable rate mortgages

If a fixed rate mortgage doesn’t appeal, there’s a wide range of variable rate mortgage options to choose from.

These include tracker mortgages, where your rate tracks movements in the Bank of England base rate, plus a set margin. Tracker mortgage deals usually run for a certain period, typically two to five years, but you can get lifetime tracker mortgages which are linked to the base rate for the lifetime of the loan. Our ‘Tracker mortgages guide’ tells you everything you need to know about how these mortgages work.

Discounted mortgages are another type of variable rate mortgage. With this type of deal, the rate you pay is discounted from the lender’s Standard Variable Rate (SVR). Learn more about discounted mortgages in our guide ‘What is a variable rate mortgage?’.

90% and 95% mortgages

If you only have a 5% or 10% deposit to put down, you’ll need a 95% or 90% mortgage. These higher Loan-to-Value (LTV) mortgages, which only require a small deposit, are designed to help those struggling to get on the mortgage ladder. Interest rates on these mortgages tend to be higher than on deals which require a bigger deposit. Find out more in our guide to ‘90% and 95% LTV mortgages’.

Offset mortgages

An offset mortgage allows you to use your savings to help reduce the amount of interest you pay on your mortgage, which could help you save money in the long run, or may allow you to shorten your mortgage term. This type of deal is best suited to those with a significant amount of savings, but you can use our offset mortgage calculator to see if this kind of deal could be right for you.

Considerations when applying for a mortgage

When you apply for a mortgage, there are several things to be aware of that might boost your chances of being accepted, or that could help you get a better deal.

A good starting point is to get a copy of your credit report, as lenders will look at this when processing your application so that they can see whether you’ve managed debts responsibly in the past. If your score is lower than you were expecting, you might be able to boost it by closing down any unused credit accounts and making sure you’re on the electoral roll. Find out more in our guide ‘How does your credit score affect your ability to get a mortgage?’.

Bear in mind that the bigger the deposit you can afford to put down, the wider the choice of mortgage options you’ll have available to you. Lenders tend to offer favorable rates if you have a substantial deposit or a significant amount of equity if remortgaging as they’ll consider you lower risk than someone with a small deposit. Learn more in our guide.