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Mortgages

There are many types of mortgage for every kind of situation and a variety of lenders, from building societies to private banks, all claiming to have the best products. At Omnis Financial Solutions we have comprehensive access to the market which ensures that you not only have the right solution but also the best rate from the right lender.

Buying a property is most likely to be the biggest single purchase you will ever make. Whether you’re a first time buyer or have owned a property for many years it’s vital that you have the right mortgage in place that fits your circumstances.

Below are just some of the areas where we are able to help:

  • Residential purchase and re-mortgages
  • Large mortgage loans
  • Buy to Let
  • Unusual property types
  • Holiday/Second homes
  • Shared ownership
  • Self Build

(For Commercial, Agricultural and International mortgages see the Finance section)

We have put together below a quick glance guide covering some of the main product areas:

Fixed

How it works - Your interest rate is fixed for a predetermined term from outset after which you normally revert back to the lenders variable rate. Early repayment charges may apply to products of this type.

Benefit to you - As your monthly payment is fixed this allows you to budget effectively irrespective of any underlying interest rate changes.

Tracker

How it works - Your interest rate is directly linked generally to the Bank of England base rate. Early repayment charges may apply to products of this type.

Benefit to you - As the rate is variable you can potentially take advantage of any interest rate reduction (please note interest rates can go up as well as down).

Discounted

How it works - Your interest rate is discounted from the lenders own standard variable rate. Early repayment charges may apply to products of this type.

Benefit to you - As the rate is variable you can potentially take advantage of any interest rate reduction (please note interest rates can go up as well as down).

Capped

How it works - Your interest rate is variable. However it has a set upper limit which it will not exceed. Early repayment charges may apply to products of this type.

Benefit to you - As the rate is variable you can potentially take advantage of any interest rate reduction with the safety of an upper limit in place.

Flexible

How it works - These mortgages generally allow you to overpay, underpay, take payment holidays and come with a daily rate of interest.

Benefit to you - Helps those with a variable source of income. Also it will allow you to repay your mortgage at a quicker rate by using over payments.

Offset

How it works - The lender will allow you to directly offset any savings you may have against the mortgage balance.

Benefit to you - By offsetting your savings this allows you to pay back more capital therefore allowing you to repay your mortgage at a quicker rate. There are also tax advantages for higher rate tax payers.

We do advise that you seek professional advice before taking out any mortgage. Should you have any further questions then please do not hesitate to call us on 0117 9675 052 or alternatively drop us an e-mail and we will be pleased to help.

"All our dreams can come true, if we have the courage to pursue them" - Walt Disney