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Residential Mortgages

Whether you're buying a new home and are looking for a residential mortgage to finance the purchase or would like to refinance your existing home, perhaps to release equity, Young Finance can help. Young Finance does not charge fees for advising and arranging mortgages. We have access to the entire mortgage market, so can guide you to the most appropriate mortgage.

Headline grabbing 'best buy' mortgage deals are rarely the perfect fit for your own specific circumstances; it's become increasingly important to investigate the banks and building societies' product-specific lending criteria and terms. Best buys are useful market benchmarks, but may not necessarily fit your circumstances.

As an indication of the market, one of the current 'best buy' residential mortgages is:

Residential Best Buy

Rate: 2.89%
Type: 2 Year Fixed
LTV: 70% maximum
Valuation / Legal Fees: Free valuation and legal fees for remortgage
Arrangement Fee: £1,595 (can be added to the loan)
Loan Amount: £250,000 maximum
Availability: Remortgage
Penalty: 4% Early repayment charge for 2 years
Overpayment 10% per annum
Overall cost for comparison: Based on a loan size of £162,500, repayment over 25 years:

Initial rate - 2.89%
Period of initial rate - 24 months
Initial monthly payment - £768.80
Subsequent variable rate for 59 months - 4.79%
Overall cost for comparison 4.5% APR
Subsequent monthly payment - £926.38
Subsequent variable rate - 4.54%
Subsequent monthly payment - £908.56
APR = 4.5%

Your home may be repossessed if you do not keep up repayments on your mortgage.

Call us on +44 (0)20 7531 7700 for a quote tailored to your own mortgage needs, make a residential mortgage enquiry or request a call back.
 

Please contact me to discuss Residential Mortgages








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Young Finance Limited is an Appointed Representative of Pink Home Loans. Pink Home Loans is a trading name of Advance Mortgage Funding Limited which is authorised and regulated by the Financial Services Authority (FSA).

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