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Mortgage Hub

Getting mortgage advice puts you in a great position if you’re looking for your first or next mortgage. Our goal is to help you find the right deal which is why we’ll put you in touch with experts who are just as passionate as us!

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What is a mortgage?

A mortgage is a loan agreement between you and a lender that enables you to purchase a property. You'll also need to use some of your own cash, this is called a 'deposit', and can be anything from 5% upwards of the property's value. The remaining cost of the house can be paid for with the 'mortgage'. You'll own the house but you'll have to keep up monthly repayments on it.

What types of mortgages are there?

There's a whole range of mortgages which is why it's important to get expert advice, so you know which type best suits you. Most commonly there's fixed-rate mortgages, however there are also standard variable rate mortgages, interest-only mortgages, offset mortgages and two types of variable rate mortgages, these are called discount mortgages and tracker mortgages.

Do I need a house deposit?

Most lenders will require you to put down a house deposit however the amount will depend on lots of different things such as the amount you want to borrow, your income, the price of the property you’d like to buy and what shape your credit report is in. 

Generally, having a bigger mortgage deposit opens the door to three things. 

  1. More mortgage deals available to you which therefore means...
  2. Better rates are available to you, and this means...
  3. Your monthly repayments could be lower.

For a helping hand with your deposit, if you’re aged between 18 and 39 and are a first-time buyer, our Lifetime ISA could really boost your total house deposit. Each tax year you can save a maximum of £4,000 and you’ll get a 25% Government bonus of up to £1,000.

When do I need a mortgage?

There are many different scenarios when you'll need a mortgage. You could be purchasing your first home, moving home and checking what your options are, staying where you are but your current deal is coming to an end and you'd like to find a new one, or you have a property that you'd like to rent out. Whatever your reason, there are advisers ready to help you today.

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Mortgages for first-time buyers

We're passionate about helping first-time buyers learn more about the homebuying process, finding them a mortgage to suit their home as well as providing key homebuying services we know they'll need. Take a look at what we’ve got to offer here.

Find your first mortgage deal Key Duotone

Mortgage guides

Before applying for a mortgage, we want to make sure you get all the information you need. Our series of mortgage guides give you important details and essential tips  to help you understand the mortgage and homebuying process.

Read our mortgage guides House Duotone

Learn about our expert partner, Mortgage Advice Bureau

We’ve chosen Mortgage Advice Bureau to help you on your mortgage journey as they’re a leading mortgage broker which means they have access to thousands of deals that are currently on the market. Here you can see a just a few of the lenders they’ll look at when finding your next deal. And it doesn’t stop there, they have advisers online now who look at over 90 different lenders so you can be confident you’re getting the right deal for your circumstances.

Advisors online now

It's really important you know that

Your home may be repossessed if you don’t keep up repayments on your mortgage.

There may be a fee for mortgage advice. The actual amount you pay will depend on your circumstances. The fee is up to 1.00%, but a typical fee is 0.30% of the amount borrowed. However, Beehive Lifetime ISA customers using their savings to purchase a house will not pay an advice fee.

It's not just us who think Mortgage Advice Bureau are great

Reviews are a great way of letting others know how great a company is and more about the experience you’ve had with them. Mortgage Advice Bureau have over 23,000 Feefo reviews and have a score of 4.9 out of 5 – that’s one of the many reasons why we chose them as our mortgage partner.

Take a look at a few of Mortgage Advice Bureau’s reviews displayed here or read more on the Feefo website.

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'Quick, easy and had great support/communication throughout. Would recommend.'
Craig - Oct 2022
'Effective and efficient friendly service from Graham and the rest of the team.'
Paul - Oct 2022
'Our broker has been extremely helpful and responsive. It took us only 3 weeks to receive our mortgage offer. '
Thuy - Sep 2022