Mortgages

Whether you are a first-time buyer or a seasoned property investor, you’ll find a wealth of information in our mortgage section. Whatever happens, it is more than likely to be the single biggest financial commitment you will ever make, therefore it’s important you choose a mortgage adviser who has access to a wide range of lenders so all the relevant products can be compared and a suitable solution found.
Buying your home can bring mixed emotions. It can be one of the most exciting times in your life, but at the same time, one of the most stressful. However, there is no need for you to take on that challenge by yourself when one of our advisers can help.
Your SIP Wealth Management mortgage adviser is a specialist in the lending market. SIP Wealth Management has invested in the latest mortgage technology to bring you the best mortgage deals from across the whole market. Your adviser can help with associated financial products such as life cover and insurance, as well as shop around on your behalf to obtain the most competitive rates.

What Types of Mortgages Are Available?

There are two main types of mortgage rates available to you and choosing which of these you want to use can be a tricky task. The first form of mortgage is known as a fixed rate mortgage. This product uses, as the name suggests, a fixed rate which does not change throughout the agreed term. This means your mortgage payments will be the same every month of every year throughout agreed time frame, thus protecting you from the possibility of rising interest rates.
The second main type of mortgage product which you will have the option of using is a variable rate mortgage. This is the other side of the coin from a fixed rate mortgage, in that this mortgage’s repayments do change from month to month. This is because the mortgage rate is tied to the Bank of England’s base rate of interest. The base lending rate of each lender will also affect the variable rate offered. This is an attractive option to some as it can be of benefit to you if interest rates start to fall, as your mortgage rates will follow.

What Areas of Mortgages Do We Cover?

Our mortgage specialists can assist in any of the following situations:

First-Time Buyers
If this is your first time buying a home and you are looking to get on the property ladder, then a first-time buyer’s mortgage is for you. When applying for a mortgage there are often incentives available such as lower fees, we can help you navigate this market and find the best mortgage deals for you.

Remortgages
When it comes time to remortgage, there are several different options available to you and it can be quite a daunting process. You may want to search for a better deal than your current plan, or you may wish to explore some of the more specialist options which may suit you better. Whatever the circumstance, our mortgage advisers can guide you in the right direction.

Home Movers
Moving homes can be an incredibly exciting time in your life. Whether you are transferring your current mortgage plan to your new home or need a new mortgage, we can simplify the process for you.

Buy to Let
Mortgage plans designed for those that are looking to purchase a property as an investment option with the prospect of letting.

Commercial
For amounts larger than accessible via a business loan, commercial mortgages can provide security. Since these mortgages tend to offer higher rates than typical home mortgages, it is important to ensure you are getting the best deal you can.

Self-Build
If you are in a position where you are looking to build your own home, a self-build mortgage may be for you. This type of mortgage is different from a typical house mortgage in that the money from the mortgage is released in stages as the property build progresses.

Shared Ownership
For some, shared ownership may be a good option when looking to purchase a home. These schemes work by allowing buyers to purchase anywhere between 25% and 75% of the property and then pay rent on the remaining sum.

Holiday Homes and Overseas Mortgages
Our mortgage specialists are also able to provide advice on mortgages for holiday homes as well as general overseas mortgages if you are looking to purchase property abroad.

Regulation

All firms that you will deal with when purchasing mortgages are subject to regulation from either The Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA). The PRA implements and oversees regulation of the mortgage industry, as well as most financial services and banking sectors, in conjunction with the FCA. The PRA’s main aim is to ensure the soundness of the firms that it regulates, so to prevent the possibility of harm to its clients and other businesses. This includes determining the levels of capital required to be held by lenders as well as the risk management systems that are in place.