1. Fill in our short form and tell us more about your mortgage
2. Tell us a little about you
3. Our specialist local mortgage partner, DNG Mortgages will then contact you with a mortgage tailored to your needs
A mortgage is a loan that you take out to buy a property over a certain amount of time. The mortgage market is a highly competitive business, with many high street banks and building societies with varying rates and mortgage types.
Today, there are fewer loans available and lenders are more cautious about the amount they'll lend and who they'll offer mortgages to. First time buyers may want a secure fixed rate mortgage, existing buyers may require a cheaper remortgage or those with bad credit may require a broker who can offer a good deal for their circumstances.
No matter your circumstances, it is important to know all options available to you. CompareNI makes this easy and can find a mortgage for any purpose. Fill in a short form about the type mortgage, your circumstances and we'll do all the hard work for you. CompareNI will take your details and match them with an independent adviser with access to the whole of the UK mortgage market. They will then contact you with advice on your mortgage options available and assist in finding the most suitable mortgage for you.
Buy/Purchase
A buy/purchase mortgage is aimed at first time buyers, i.e. a potential home buyer who has not previously owned a property. As a first time buyer you need to consider which sort of mortgage you should use and how you should repay it. Some lenders may offer preferential lending terms to first time buyers.
Buy-to-Let Mortgage
Buy-to-let mortgages are provided for property purchases or remortgages for investment in the private rental sector. Assessment of borrower affordability can be based on projected rental income and/or earnings, dependent on the lender's individual policy.
Council Right to Buy
This is a discounted mortgage which you can purchase through your local council. These are ideal for you if you have lived in your council house for a long time. The right to buy discount increases in proportion to the years that rent has been paid.
Commercial Mortgage
Commercial Mortgages are used to purchase a new business property or for the expansion of existing business premises. It can also be used for property development. Examples of commercial properties include shops, pubs, offices and farms.
Moving Home
In mortgage terms, moving home is basically the same as moving into your first home. It is possible to find yourself another mortgage with either your existing lender or another lender. In addition, you do not need to transfer your mortgage with the same lender over to your new house, your contract can come to an end and be replaced by a new mortgage.
Remortgage
A remortgage is a mortgage that replaces an existing mortgage borrowed for the purpose of purchasing the property. Remortgage deals are often sought to reduce monthly repayments by finding a mortgage with a lower interest rate, or to free up finance from the increased value of the property.
Equity Release
Equity is described as the value of your home, minus any outstanding mortgage you may owe. Equity release is the process of unlocking some of this value, turning it into a tax-free lump sum of cash or a regular additional income.
Adverse Mortgages & Remortgages
An adverse or Bad credit mortgage allows someone with bad credit history to take out a mortgage. An adverse remortgage is often useful to free up equity on your existing property. These types of mortgage often carry higher interest rates.