Mortgages

Variable? Capped? Fixed-rate?

Are you confused by what type of mortgage is the right one for you? Then let us help.

With access to thousands of products, we will find the right deal for you - whatever your circumstances. Our service will find you the most suitable residential mortgages on the market and our specialists will be on hand to answer your questions, giving you help and advice at every step.

A mortgage is a big commitment, and is something that you will have in place for many years, it is important that you get the right mortgage in place from the outset. With such a large array of options available to you in this field it can be confusing and difficult to know which of these options is right for your needs now, and that will still be right for you in the future.

We at PHA have specialists on hand who will be able to assess your financial situation and determine which mortgage would best suit your needs and requirements. Our experts have access to the “whole of market”, from fixed rate mortgages that are suitable for those who want to be sure of their finances and costs, to flexible mortgages that give the borrower a large degree of freedom with regards to the repayments.

Residential Mortgages

We provide a complete solution for all of your mortgage needs, providing you with help every step of the way. Whatever your mortgage needs, PHA can help you find the best deal. Residential mortgages are available for a variety of purposes and for a wide variety of circumstances. We cater to most requirements and offer great deals.

Buy to Let Mortgages

If you are looking to buy a residential property as an investment, we can find you the most suitable product, whatever your circumstances as well as give friendly, impartial help and advice. While there are a number of lenders who offer Buy To Let mortgages, their product terms and rates can vary wildly. Our specialists have the knowledge and expertise to know who is offering the best product at the right price, including those offering exclusive deals.

Buy To Let Mortgages offer you an opportunity to invest money with a good return, and can be a very good alternative to the traditional investments such as shares or bonds. Demand for property renting these days is high across the market, which puts the entire property field in a strong position as wherever there is high demand there is good potential for money to be made through wise investment.

Although property can be a fantastic investment, it is not without its risks and you need to make sure that you do your research before choosing this route. There are ongoing costs involved that you need to factor into your projections, including maintenance costs, which can be expensive. You may also need to use a letting agent and this will add to the fees, and you need to be prepared to cover for periods when the property is vacant.

First Time Buyers Mortgages

Getting that first foot on the property ladder as a first time buyer can be the biggest step. As soon as you've saved that all-important 5% deposit, the house prices have gone up again, leaving you back at square one. However with house prices rising mortgage lenders have become more flexible to first time buyers and have many special offers to ease the pain of repayments in the first few years.

And knowing where to look for the best mortgage for your circumstances can be worrying. We have access to many exclusive products and deals specifically for first time buyers, making that first step onto the property ladder simple.

Adverse Credit Mortgages

If you've experienced financial difficulty in the past, it can affect your chances of getting a mortgage now. County Court Judgements, Arrears and even late payments can all make a black mark against your financial viability. The good news is that you are not the only person in this situation. If fact so many people have a blemished credit history that there are many lenders that specialise in lending to people in this area. We have access to all these lenders and we have negotiated some great rates, therefore enabling you to get a mortgage and make a fresh start. Our specialists are experts in their field and have access to many unique products.

Remortgages / Remortgaging

Remortgaging your home may appear to be a complicated process but our service will help make the process as simple as possible.

A remortgage can be taken for two main reasons, the first is to take advantage of lower interest rates available from mortgage lenders. In these circumstances your current mortgage will effectively be replaced by the newly arranged mortgage and you will immediately start benefiting from the lower interest rates.

Another reason for choosing to remortgage is to change to a different repayment plan or to release some of the equity that you have tied up in your property. If you wish to reduce the amount that you are paying each month then your can arrange a remortgage that is repaid over a longer period.

If you have paid off much of your mortgage or if your house has seen its value rise over the time in which you have owned it, you may well have a large amount of equity invested in it. You can turn this equity into cash by remortgaging to an amount that is greater than your current outstanding mortgage amount.

Whether you are looking to release some equity in your property or you simply want to switch to another deal which could reduce your monthly repayments, we will search through the hundreds of products available to find the best buy for you.

Our service is independent and impartial, meaning we are not tied to any one lender and can search the whole UK mortgage marketplace to get you a great deal.

There are currently millions of borrowers paying their lender’s standard variable rate (SVR). No lenders SVR will be the best deal they can offer. Unless you have just come out of a special introductory deal like a fixed rate or a discounted rate, there is nothing to stop you switching from the SVR of your current lender to a lower rate or a more suitable deal. And even if you have just come out of a special deal and are obliged to pay a penalty to switch to a new one, the figures may well add up in your favour.

More and more UK homeowners are moving their mortgage to save money. Which is a good thing, considering that mortgage rates have dropped considerably over the last few years.

A remortgage is essentially no different to a normal mortgage, with one crucial difference - you are not buying a house. All you are essentially doing is taking out a new mortgage to replace the old one, while shifting your debt from one lender to another.

Remortgaging isn't nearly as much hassle as most people think. One of our dedicated mortgage advisors looks after your remortgage for you - making it all less effort than you first imagined! In today's competitive market, many borrowers choose to switch their mortgage every few years in order to take advantage of the new rates on offer. Those that remain on the same deal for the full term of their loan could lose out on a range of potential benefits, not least the opportunity to reduce the total amount paid back, which could be a significant margin in some cases.

In simple terms, remortgaging involves switching your current mortgage to a new deal, arranged either with your existing lender or with a new lender. As a current homeowner you may want to consider taking this step for a number of reasons, such as:

• To save money - If you're paying your lender's Standard Variable Rate (SVR), it's highly likely that your existing lender will offer a better rate and greater flexibility on other available products. This could allow you to save money on your monthly repayments, or to repay your mortgage sooner. And if your current lender doesn't offer better rates or greater flexibility on its other products, you may want to consider switching to another lender, even if doing so would trigger early repayment charges payable to your existing lender, as this could still mean a net saving to you.
• To raise money - Higher income or a rise in your property's value means you could increase your mortgage to help pay for major outgoings such as a wedding or your child's university costs, rather than borrowing separately, and in some cases more expensively, for the outgoing itself.
• To avoid moving home - It can be cheaper and more convenient to adapt or add an extension to your existing home, paid for by remortgaging or a further advance, than to move home.
• To consolidate your debts - Remortgaging can allow you to release some of the equity you hold in your home and consolidate other debts, such as a car loan or credit cards, which can attract higher rates of interest than that of your mortgage.

Remortgaging is much simpler than buying a new home because the deeds of the property are already registered in your name. And by choosing to switch to a new lender, only a few steps are involved. If you choose to remortgage with us, even these few steps involve minimal hassle, since we help manage the process by liasing with lenders, valuers and solicitors on your behalf.

• The lender will require a valuation to ensure the value of your property is sufficient for them to lend on. Property prices can fluctuate over a short space of time so that, even if you're re mortgaging a year after purchase, you could still see a change in your home's value.
• You'll be required to make an application to the lender in the same way as when buying a property. The application has to be underwritten by the lender, who may require evidence that the loan to date has been maintained. They'll then issue you with an offer.
• Conveyancing work will need to be carried out, and many lenders will only instruct a firm of solicitors with two or more partners. During the conveyancing process, local searches will be conducted and a report and title will be sent to the new lender.
• Finally, the solicitor will ensure your previous lender is repaid when the new lender releases the new mortgage funds. If you're borrowing additional funds, the solicitor will release these to you on, or shortly after, completion.

It must be remembered that there are costs attached to remortgaging, outlined in the next paragraph. However, purely in terms of ongoing monthly expenses, remortgaging has the potential to slash a lot of money from your outgoings.

Here are a couple of examples:

• If you are paying a Standard Variable Rate of 7.5 percent on a 25 year mortgage of £100,000, your monthly outgoings will be somewhere around the £750 mark, depending on the discounts that you initially enjoyed.
• Switching to a new 25 year tracker mortgage that for this example is charging 3.3%, your outgoings would immediately fall to around £495. This means you would be cutting your monthly expenditure by approximately £255, potentially cutting your outgoings by £3060 each year.
• In a more extreme example, the borrower is currently paying 7.7 percent on a 25 year mortgage of £150,000. If for some reason this rate had been paid since the start of the mortgage, the current monthly outgoings would be around £1140.
  If the borrower were able to remortgage on a heavily discounted two-year fixed rate mortgage charging just 2.9 percent, then the current level of repayments would fall to just £710. Even if the mortgage then reverted to 7.7 percent, this would still offer potential savings of £430 a month or £10,320 over the two-year fixed rate period. If this money was invested elsewhere or used to reduce the mortgage debt, it could be worth considerably more to the individual.

(Please note the above are examples only and the rates used may or may not be currently available).

Remortgaging can involve less cost than those incurred when buying a property, since in most cases the following charges either won't apply or will be lower than when you first purchased your mortgage, including:

• Stamp duty - you won't be liable for this at all when remortgaging.
• Legal fees - solicitor's costs could be lower than when purchasing the property, since the legal process is less complex for re mortgaging than purchasing. We also have exclusive deals where your legal fees are paid.
• Homebuyer's report or survey - if you've undertaken a homebuyer's report or full structural survey when purchasing the property, you're unlikely to need to repeat this exercise when re mortgaging.
• Remember, when considering whether to switch deals you'll need to bear in mind any early repayment charges that may apply on your existing deal, and the extent to which (if at all) these may reduce the potential savings to be gained by remortgaging. Many borrowers stand a good chance of saving money through remortgaging. But there remain some cases where remortgaging is not a realistic option.
• Where you have Early Redemption Penalties - If you have recently taken out a fixed-rate or discounted loan, you may find that early redemption penalties make it very expensive for you to take your loan elsewhere in its first few years. These penalties can stay in force long after the original fixed-rate or discount has run out.
• If you have a very small loan - Mortgage lenders accept remortgage business only if the loan required is above a minimum level of £25,000. Fees may also be a problem with very small remortgage loans, as these may outweigh the small saving on offer.
• If your employment status has changed recently - Lenders need to feel sure you will be able to repay the loan you take on, so they need to know your likely future income. If you have recently changed your work status from employee to self-employed, but have not yet had time to build up a reasonable track record for your business, you may find it difficult to get a good remortgage deal. Again if you use our remortgage service, we can work out whether the terms of your current loan don't sit well with a remortgage.

The solution to these problems? Well, if any of these circumstances apply to you, we may be able to offer alternatives for customers who's redemption penalties will be too great with their current mortgage lender, but who still need to raise extra capital. We have many plans available for people with CCJ's, defaults and mortgage arrears plus the self employed with no accounts. Loan amounts are available from £3,000 and go up to £75,000 which can be paid over any period from 5 years to 25 years. This enables the loan to run alongside your normal mortgage. Low interest rates can start from just 6.9% APR.

Finding the best mortgage to fit your needs is only the first step in what can be a complicated process. That's where a dedicated mortgage advisor comes in. Rather than leave you to manage things after they've selected the best remortgage for your circumstances, you'll be assigned a dedicated advisor who will work closely with your lender, solicitor and surveyor to manage the process right through to achieving a satisfactory offer.

They'll chase up references, instruct your survey and act as a central point of contact for your application. Your advisor will do their utmost to keep you fully informed on progress by committing to the following:

• Contacting you in the way you find most convenient - at home, work or on your mobile
• Giving you an estimated date for the next activity each time they are in contact with you
• Answering any of your questions between 9.00am and 5.00pm Monday to Friday (or promising to get back to you within 24 hours if they are not available when you call)

With over 40 mortgage providers offering more than 8500 products, people are not just spoilt for choice, but frequently confused as to which is the most suitable mortgage product for their particular circumstances. Why not make your life a lot easier and ask PHA to help you find the best mortgage for your needs. You don't need to visit every single bank or building society on the high street to find the best rates, and you don't have to sit in front of your computer for hours on end looking at countless lists of mortgage products, lender details and interest rate information.

To apply, you just need to enter some basic information into our online questionaire. Remember that there's no obligation and no brokers fees to pay. We'll reply with a mortgage illustration tailored to your needs within 24 hours.

Or if you prefer, you can call a fully trained mortgage advisor on 0845 757 5551. It will only take a few minutes of your time today but could save you thousands of pounds in interest payments and will eliminate any worries you may have about getting the best deal possible.

Flexible Mortgages

A flexible mortgage, as the name suggests, offers the borrower a degree of flexibility in terms of the repayments in order to fit around their lifestyle. Unlike other forms of mortgage, the amount that has to be repaid each month is not fixed of defined in relation to the base rate, instead the borrower is given the freedom to decide within certain restrictions how much they pay.

The exact terms of the flexible mortgage will vary from lender to lender, but in general there is a set repayment amount to act as the baseline, you will be free to make payments in excess of this without limitation or any penalty for clearing the mortgage early. As interest is usually calculated daily you will be immediately reducing the cost of your loan with each payment.

In terms of payment holidays and underpayments there are restrictions, there will be limits to the number of successive underpayments you can make and you may be limited to a certain number in any given year. The restrictions on payment holidays will often only allow you this option if you have made sufficient overpayments in the past, although this is not always the case.

Flexible mortgages often have a higher interest rate than standard mortgages, but you can pay your mortgage off early which is a huge attraction for many people, and the benefits of the flexibility can be invaluable to those who are not on a fixed income such as the self-employed.

If you are considering a flexible mortgage, we can help find you a great deal through our comprehensive service.

Self Employed Mortgages

If you are self-employed, a Company Director or unable to prove your income, it can be difficult finding a suitable mortgage. However, our comprehensive service gives you access to many lenders who specialise in mortgages for people in your circumstances.

There are many great deals on offer for the self employed and we will search through the hundreds of products available to find the best buy for you.

Our service is independent and impartial, meaning we are not tied to any one lender and can search the whole UK mortgage marketplace to get you a great deal. Our specialists are experts in their field and have access to many unique products.

Secured Loans UK

Secured loans UK for any purpose:

• Cheap Rates
• Secured loans UK for Cars, holidays, home improvements and loan consolidation
• Secured loans for bad credit ratings
• Low rates for home owners

Secured loans uk for people with bad credit ratings are much easier to get now than in the past. Secured loans are also much easier to apply for as banks are more open to lending people money with poor credit ratings.

There are now hundreds of different Secured loans plans available so the chances of finding one suitable for you are very high.

A house is usually the largest financial purchase that a person will make. With over 4,000 mortgage deals available in the UK and some 150 lenders, it is clear to see that this is not a straightforward decision that should be taken lightly. The wrong choice could cost you thousands of pounds, whereas the right choice could save you thousands of pounds.