Mortgage

 

 

Let us use our experience to find you the best product that meets your circumstances. 

Our panel is made up of the leading banks and building societies in the UK.

We will help you complete all of the paperwork and we will liaise with the lender and solicitor.  We work with you every step of the way.

So whether you are a first time buyer, homeowner looking to raise funds or simply looking for a better rate let Lyons Mortgage & Insurance Services help. 

 

Frequently Asked Questions


What type of mortgages do we offer?

Fixed-rate - If you choose a fixed-rate mortgage your payments are guaranteed to remain the same each month for the duration of your fixed term.  So if you choose a 3 year fixed rate you will not have to worry about your payments changing for the 3 years.  After that you will start to pay the lenders standard variable rate (SVR) - or you could consider re-mortgaging to a new deal.

Tracker rate - Tracker mortgages generally start with lower interest rates than fixed-rate deals, but the interest rate (and your monthly payments) could change.  They could go down, but they could also go up.

Variable-rate - Variable-rate mortgages are like tracker mortgages, but there are more factors that can affect whether the interest rate changes

Discounted rate - A discount rate mortgage offers a percentage discount from the lender's normal variable rate for a set period of time.  When the standard variable rate fluctuates, the discount will remain fixed, however, the amount of discount and the period will vary from deal to deal.

 

 

What is a Re-Mortgage?

A re-mortgage means moving your mortgage to another lender whilst still living in the same home.  There are a number of reasons that you may want to re-mortgage including raising funds for home improvements or paying off outstanding credit accounts or simply to find a better deal than your current provider has offered.

Re-mortgaging is far simpler than arranging your original house purchase and will usually take much less time to arrange.

 

 

What type of Fees are involved?

There can be fees involved when purchasing a property such as stamp duty, valuation, legal fees and lender fees. 

Also when re-mortgaging there can also be valuation, legal and lender fees, however some lenders do offer incentives such as free valuation and legal service with cash back options.

At Lyons Mortgage & Insurance Services there are NO broker fees charged.  We will advise you on the most cost effective lender and product from our panel of lenders

 



 

Christopher George Lyons t/a Lyons Mortgage & Insurance Services is an appointed representative of First Complete Limited, which is authorised and regulated by the Financial Conduct Authority (FRN: 435779) for mortgage and non-investment insurance advice.

 

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