Finding the Right Residential Mortgage or Remortgage: How Total Mortgages Can Help

Whether you are a first-time buyer or looking to remortgage your existing property, finding the right mortgage can be a daunting task. There are many different types of mortgages available in the UK, and it can be difficult to know where to start.

At Total Mortgages, we can help you navigate the mortgage process and find the right mortgage for your needs. We work with a range of lenders across the UK, and our expert mortgage advisers can provide you with personalised advice and support.

Types of Residential Mortgages Available in the UK:

1. Fixed-Rate Mortgages: The interest rate is fixed for a set period, typically 2-5 years.

2. Variable-Rate Mortgages: The interest rate can fluctuate, based on changes to the Bank of England's base rate or the lender's own standard variable rate.

3. Tracker Mortgages: The interest rate is linked to the Bank of England's base rate and will rise and fall in line with changes to the base rate.

4. Discounted Mortgages: The interest rate is discounted from the lender's standard variable rate for a set period, typically 2-5 years.

Types of Remortgages Available in the UK:

1. Rate Switch Remortgages: This involves switching to a new mortgage deal with your existing lender, typically to a lower interest rate.

2. Product Transfer Remortgages: This involves switching to a new mortgage deal with your existing lender, which can be a fixed, variable or tracker rate mortgage.

3. Lifetime Mortgage Remortgages: This involves releasing equity from your property to fund a large purchase, such as a home renovation or to pay off debts.

Our expert mortgage adviser can help you understand the different types of mortgages available and advise you on the best option for your needs. We will also help you navigate the application process, from initial consultation to completion.

At Total Mortgages, we pride ourselves on providing personalised and transparent service to our clients. We will keep you informed throughout the mortgage process, providing regular updates and ensuring that you have all the information you need to make informed decisions about your financing.

If you are looking for a residential mortgage or remortgage, contact Total Mortgages today to speak to our expert adviser. We will provide you with the guidance and support you need to ensure a successful and stress-free mortgage application.