When it comes to finding the most suitable mortgage deal for your residential or buy to let property, it is easy to go on comparison sites or best buy tables and become fixated on just the rate, assuming that the lowest is the best.
However this is not always the case!
Many lenders use high arrangement fees as a way to offer lower initial rates. Adding these fees to your mortgage will increase your payments only slightly, but it will be for the entire term, even though the reduced rate could be for just 2 years.
At Neil Soundy Financial Services we focus on the total cost not the lowest rate.
This means that we use professional software to research the best overall product taking into account the combination of the rate, the length of the preferential rate, arrangement fees and incentives. Many lenders offer free valuation, cash-back or help with legal costs. It is important that the values of these benefits are included in the total cost calculation before making a recommendation.
Why use Neil Soundy Financial Services for your mortgage advice in Cardiff?
We will give you expert impartial advice on the mortgage market.
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 Much Will It Cost Me For Your Advice?
A fee of £495 is payable on completion of the mortgage and Neil Soundy Financial Services Ltd will keep the commission received from the lender for arranging the mortgage.
Neil Soundy Financial Services Ltd is an appointed representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.
The Financial Conduct Authority does not regulate some forms of buy-to-lets.
We do not give or imply legal or taxation advice. We recommend you contact a solicitor or accountant for advice in these areas.
Think carefully before securing other debts against your home/property. Your home/property 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.