Trusted Mortgage Advice | Neil Soundy Financial Services - IS IT THE RIGHT TIME TO HAVE A 5 YEAR FIXED MORTGAGE? - Neil Soundy Financial Services

Trusted Mortgage Advice | Neil Soundy Financial Services – IS IT THE RIGHT TIME TO HAVE A 5 YEAR FIXED MORTGAGE?

The rates on fixed rate mortgages have dropped to an all time low. This is due in part because of The Funding for Lending Scheme introduced by the Government. The main beneficiaries are those borrowers with 40% deposits. The table below shows rates available starting from just a 5% deposit to 40% deposit.

To obtain the best rates, some lenders will require the borrower to open a salary funded bank account.

Deposit                                    Rate                                       APR                                       Fees                      Lender

5%                                          6.39%                                    6.80%                                    £4049                      Leeds

10%                                        4.74%                                    5.70%                                    £299                        Britannia

15%                                        3.79%                                    4.40%                                    nil                           Britannia

20%                                        3.69%                                    4.00%                                    £999                       Nationwide

25%                                        3.29%                                    4.20%                                    nil                            Britannia

30%                                        3.18%                                    4.30%                                    £999                        Virgin

40%                                        2.79%                                    4.10%                                    £999                        Britannia


All lenders have different lending criteria. Let us match you to the lender who matches your personal circumstances.


Why use Neil Soundy Financial Services for your mortgage advice in Cardiff.

We will give you independent impartial advice on every mortgage from every lender.

Your initial consultation is free with no obligation.

View the video on our homepage that explains how we can offer at least twice the choice of mortgages compared to a standard mortgage broker.


How to pay for advice.

On mortgages where commission is paid by a lender we do not charge a fee, as we are receiving a payment from the lender. Free Mortgage Advice.

On mortgages where no commission is paid, we charge a fee instead. This is £395 for arranging a mortgage up to £250,000 and £495 for a mortgage in excess of this figure. These fees are payable on completion only.

Why pay a fee for a non-commission paying mortgage? You will save more money on your monthly payments.

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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage

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We can discuss your current situation and the options available to you before arranging a free no-obligation meeting.