Mortgages
Sifting through mortgage options can be overwhelming, regardless of whether you’re a first-time buyer, an investor, or looking to remortgage.

Our goal? To help you find, compare, and secure the best mortgage options tailored to your needs.

Our role? To guide you every step of the way.
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What is a Mortgage?​​
A mortgage is a loan used to purchase a property, with the property itself serving as collateral. It’s one of life’s most significant commitments, typically lasting between 15 to 30 years, known as the mortgage term. Understanding the basics of mortgages helps you make informed decisions and find the best deal that fits your needs.
Types of Mortgages​​

Repayment Mortgages
With a repayment mortgage, you pay off both the interest and the capital over the term of the loan. By the end of the term, you’ve paid off the entire loan amount, and the property is fully yours.

Interest-Only Mortgages
Here, you only pay the interest on the loan each month, not the capital. At the end of the term, you’ll still owe the original loan amount, which you’ll need to repay in a lump sum or through another plan.

Fixed Rate Mortgages
 The interest rate remains the same for a set period, typically 2, 3, 5, or even 10 years. This offers stability and predictable payments.

Tracker Mortgages:
 The interest rate is linked to the Bank of England’s base rate. If the base rate changes, so does your mortgage interest rate, making your monthly payments variable.

Offset Mortgages:
Your savings and current accounts are linked to your mortgage. The balance in these accounts is used to offset the mortgage debt, reducing the amount of interest you pay.

£184K
The average UK mortgage was £184,445 in Q1 2024.
63%
Most UK borrowers (63.43%) prefer two-year fixed-rate mortgages, offering short-term stability in uncertain economic conditions.
30-39​
The most common age group for taking out a mortgage in the UK is 30-39, accounting for over a third (36.44%) of all mortgage quotes

How Much Does a Mortgage Cost?

Some things to consider:
  • Deposit: Generally, you’ll need a deposit of 5% to 20% of the property’s value. A larger deposit can often secure a better mortgage rate.
  • Monthly Payments: Your monthly payments will include interest and, if it’s a repayment mortgage, a portion of the loan amount.
  • Interest Rates: The interest rate on your mortgage significantly affects the total cost. Fixed rates provide stability, while variable rates can fluctuate.
  • Fees: Mortgages come with various fees such as arrangement fees, valuation fees, and legal costs. It’s essential to factor these into your overall budget.

First-Time Buyer Mortgages​

Buying your first home is a significant milestone. We know it can be both exciting and daunting. Our experienced advisers will help you understand how much you can borrow, find the best mortgage rates, and guide you through the entire process. We make sure your first home-buying experience is smooth and stress-free.

Buy to Let Mortgages​

Investing in rental properties can be a smart financial move. A buy to let mortgage is designed specifically for landlords. Both new and experienced property investors can expand their portfolio through property; we’ll help you find the best buy-to-let mortgage deals to maximise your returns.

Things to Consider:
  • How property fits in your long-term investment strategy
  • Which mortgage deal fits your needs (i.e., self-financing)
  • Costs and charges (i.e., general repair and upkeep)

Remortgages​

Looking to save money on your mortgage or release equity for other projects? Remortgaging your property can offer better terms and rates. Our team will compare a wide range of remortgage options to ensure you get the best deal that fits your financial goals.

Fixed Rate and Variable Mortgages

We help you understand the differences between fixed rate and variable mortgages that are crucial for making the right decision. A fixed rate mortgage offers stability with predictable payments, while a variable rate mortgage can provide flexibility and potentially lower initial rates. It’s important to appreciate options that align with your financial plans and lifestyle.

Commercial Mortgages

Need financing for commercial property?

Businesses need office spaces, retail units, or industrial property. A commercial mortgage is essential in this respect. We assist in finding the best commercial mortgage rates and terms tailored to your business needs, ensuring your investment supports your growth.

Common Questions About UK Mortgages​​

Your borrowing amount depends on factors like income, expenses, and credit history. Use mortgage calculators for an estimate.

A buy-to-let mortgage is designed for properties that will be rented out. These typically require a larger deposit and have different interest rates compared to residential mortgages.

Remortgaging involves switching your existing mortgage to a new lender or deal, usually to save money on repayments or to release equity.

Yes, income protection can be crucial if you rely on your income to pay your mortgage. It ensures you can continue repayments if you’re unable to work due to illness or injury.

Commercial mortgages cover the purchase or refinance of property used for business purposes, including offices, retail spaces, and industrial units.

Fixed rate mortgages have a constant interest rate for a set period, offering predictable payments. Variable rate mortgages can change based on market rates, potentially offering lower initial rates.
Looking for support?​

Here’s how we can help you get started:

Get a Free Quote: Provide some basic information, and we’ll give you a personalised quote tailored to your needs.
Connect with an Adviser: Our experienced advisers are here to guide you through the options and make sure you understand every step of the process.
Review Regularly: Your financial goals develop with time. Regular reviews with your adviser will ensure that your mortgage continues to meet these dynamic requirements.

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Contact Information

  • +44 0141 370 6999
  • enquiries@securemp.co.uk
  • Secure Mortgages and Protection Ltd. Suite G.04 The Greenlaw Works Greenlaw Way Newton Mearns Glasgow G77 6EF

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