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Whether you are looking for mortgage advice, debt solutions, or insurance you are in the right place. By choosing Financial Bliss you can rest assured that you will receive the very best unbiased advice and service. What's more, we understand that as your circumstances change so to do your requirements; that's why we aim to work alongside you to build a lasting relationship, so no matter what situation you find yourself in, you know where to turn for the advice you need when you need it.

Mortgage Advice

With all the things that have happened in the world over the last few years the mortgage market in the UK has changed. Lenders have introduced stricter criteria over who they will lend money to, and this doesn’t just mean those with less than perfect credit histories. The self employed have suffered, as have those on lower incomes who may find themselves in a position where they cannot remortgage because they can´t borrow as much money as before.

Scottish WidowsClydesdale BankBeverley Building SociBarnsley Building SociBuild StoreFurnessC And GNorthern RockDarlington Building SoAccordIgroupNewcastle Building SocAldermoreNatwestKensingtonN And PRbsWoolwichThe Mortgage WorksHinckley And RugbyMortgage TrustSkipton Building SocieSantanderLeeds Building SocietyHalifaxFirst DirectAbbeyNationwideBritanniaBm SolutionsCoventry TlcBrilliant Solutions

Of course there are mortgage advisors working for the banks, however they are tied and can only talk to you about products from their employers. Here at Financial Bliss we are independent, whole of market advisors. We can search across every lender and make an appropriate recommendation.

We offer a free consultation, where we seek to understand your needs. We listen to you. We will look at your current situation and consider your future plans. We will then research the market and make the right recommendation for you and your family. We will then do all of the work for you, we will liase with the lender and ensure your new mortgage completes as quickly and smoothly as possible.
 

So what types of mortgages are available?

Repayment

With a repayment mortgage your monthly repayments consist of both interest and capital hence, over time, the amount of money you actually owe will decrease. In the early years your repayments will be mainly interest and therefore the capital outstanding will reduce slowly in the early years.

Whilst this method ensures that the mortgage is repaid at the end of the term providing all payments are made on time and in full, it is generally more expensive at the start.

Interest only

As the name suggests, with an interest only mortgage you only repay the interest on the mortgage. At the end of the term the capital is still outstanding. Therefore you will usually need to take out some kind of investment policy to save up enough money to repay the mortgage at the end of the term.
 

Traditionally the preferred product for repaying the capital of an interest only mortgage was a mortgage endowment policy (which included a set amount of life cover) – although more recently customers are using Individual Savings Accounts (ISAs) and pensions to build up a sufficient sum and taking advantage of the tax breaks offered by these products.
 

Combination of both interest only and repayment

In some instances you can arrange to have a combination of the two options above, whereby part of your loan can be arranged on a repayment basis and part on an interest only basis.

Choosing a repayment method is only part of your decision regarding your mortgage. You also need to decide on the type of interest rate deal to consider. The different types of interest rate deals are explained below:

Standard Variable Rate

Tracker Rate

Fixed Rate

Discounted Rate

Capped Rate

Collared Rate

 

Further Information

Download our Initial Disclosure Document here

 

As we are independent you have the choice whether to pay a fee for the mortgage advice we provide. A typical fee will be £295.
The precise amount will depend on your circumstances and will be discussed and agreed before you make an application.

YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT.