Don't get lost in the mortgage maze, we're here to help.
Taking out a mortgage is one of the biggest financial decisions you will make, so it’s important that you get the right advice.
Empowering Homebuyers...
At Marc Pearce Financial Services, we offer a range of mortgage services to help you find the right mortgage for your unique situation and goals. Whether you’re a first-time homebuyer, a seasoned investor, or looking to remortgage for a better deal, we’ll guide you through every step of the process, from pre-approval to closing.
With access to the whole of market, we can compare deals from 100+ leading lenders.
Find Your Perfect Mortgage with our Comprehensive Mortgage Services
We compare a variety of mortgage products to meet your needs, from fixed-rate mortgages to variable-rate mortgages. we’ll work with you to understand your financial situation and find the right mortgage for your home-ownership goals.
Personalised Service
We know that working with a dedicated advisor can make a huge difference to your experience, which is why we don't rely on a "general customer service" department. Instead, we take pride in building strong relationships with our clients and being there for them every step of the way.
Complimentary Consultation
We understand that the process of getting your dream home can be overwhelming and complex. That's why we offer a complimentary initial consultation to help you get started. We'll take the time to listen to your concerns, gather information about your unique circumstances, and answer any questions you have.
What type of mortgage do you need?
A fixed-rate mortgage means the interest rate stays the same during a set period of time, usually between 2 and 5 years – although some lenders offer fixed rates of 10 years or more. This stability can be great if you like the certainty and peace of mind of knowing that your mortgage payments will stay the same.
A tracker mortgage charges an interest rate that is usually a few percentage points higher than the Bank of England’s base rate. The mortgage will then “track” the base rate, which means that your monthly payments could rise and fall in line with any changes.
A discounted variable rate mortgage is similar to a tracker mortgage, but rather than being linked to the Bank of England’s base rate, it is set at a fixed percentage below the lender’s standard variable rate (the SVR). The mortgage will then follow the lender’s SVR, and your payments could rise and fall, depending on how their SVR changes.
A standard variable rate mortgage follows the lender’s SVR, without any discount. You’ll automatically go onto this type of mortgage at the end of any introductory fixed, tracker or discounted deal.
An interest-only mortgage is one where your monthly payments will only go towards paying the interest charged on the loan each month. Because of this, interest-only mortgages can be cheaper – but the payments don’t go towards paying off the loan. At the end of the term, you’ll have to pay back the full amount you have borrowed in a lump sum. Most people do this through the sale of the property or by using an investment.
An offset mortgage is linked to one of your savings accounts – the amount you have in the account is offset against the amount you owe on your mortgage each month, lowering the total interest you’re charged on your monthly repayments. You won’t earn interest on any account linked to your offset mortgage.
FAQ: Mortgage Queries - Answers to Your Questions.
A mortgage is a loan that is used to finance the purchase of a property. It is secured against the property itself. When you take out a mortgage, the lender provides you with the funds needed to buy the property, and you agree to repay the loan over a specified period of time, typically through monthly mortgage payments. If you fail to make the payments, the lender has the right to repossess the property.
The amount you can borrow for a mortgage depends on various factors, including your income, credit history, and the value of the property you intend to purchase. Lenders typically assess your affordability by looking at your income, expenses, and any existing debts. They also consider the loan-to-value ratio, which is the percentage of the property’s value that you need to borrow. A mortgage advisor can help you determine how much you can borrow based on your individual circumstances.
When getting a mortgage, there are several costs to consider. These may include mortgage arrangement fees, valuation fees, legal fees, and potentially broker fees. Additionally, you may need to pay for mortgage insurance, such as mortgage life insurance or mortgage payment protection insurance. It’s important to factor in these costs when budgeting for your mortgage and seek clarity from your lender or mortgage advisor on any additional fees or charges.
A mortgage advisor can provide valuable assistance throughout the mortgage process. They have extensive knowledge of the mortgage market and can help you find the most suitable mortgage deal based on your financial situation and preferences. They will guide you through the application process, help with paperwork, and liaise with lenders on your behalf. A mortgage advisor can also offer advice on mortgage-related matters, such as understanding terms and conditions, calculating affordability, and choosing the right repayment structure.
Why not explore some of our other useful pages?
Always on hand to help...
Whether it’s answering quick queries directly or providing you with the latest updates, info, tips & tricks through our social media. There are plenty of ways to keep up-to-date and get in touch!