Mortgages

For most people, arranging their mortgage can be stressful and time consuming. At Taylor Milburn, we aim to take all the stress away from our clients. We offer whole of market mortgage advice with fully qualified mortgage professionals on hand to recommend the most suitable mortgage to meet your individual needs.

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Our Mortgage Services

Moving home can be one of the most stressful times of your life. Our aim, quite simply, is to take away the stress and help guide you through the whole buying and moving process.

An initial meeting with one of our mortgage advisors to work out all of your moving costs and set a realistic and affordable budget means you are able to know what you can do and how you can do it before you have even spent any of your hard earned money.

Our associated company Taylor Milburn Sales & Lettings are also available to give you their advice on marketing your own home to ensure you achieve the best possible sale price using state of the art marketing techniques and advertising.

Having the ability to give you advice on all aspects of the moving process means you really can get the help you need all under one roof.

Buying your first home is one of the biggest financial decisions you’ll make in your life and it can sometimes seem a very daunting prospect. However, you do not have to do it alone. Your mortgage advisor is ready to help too.

They’re available to provide practical advice at every stage and save you valuable time when shopping around for the right mortgage for you.

Our aim is to provide clear advice and help whenever you need it before, during and after you make your first move on to the property ladder.

We can provide you with a step by step guide to owning your own home and essential information about what to expect during the process.

During an initial meeting with one of our advisors you will get to know the full costs of buying, home much you can borrow and what your mortgage will cost. Setting a realistic budget using a detailed budget planner will ensure that the mortgage recommended is tailored to you to avoid any nasty surprises once you move in.

If you need help when it comes to dealing with estate agents, let us help you. We have built relationships with many of the local agents and are more than happy to discuss and help make offers on your property of choice whether via our associated company Taylor Milburn Sales & Lettings or any other agent in the area.

There really has never been a better time to remortgage or switch your existing mortgage to a better product.

Most of us will constantly review our mobile phone contracts or car insurance and utility bills but so many people fail to review the biggest financial commitment, their mortgage!

Interest rates are STILL at an all-time low and with more competition between lenders you could benefit from a full review of your current arrangements for your mortgage and also your mortgage and personal protection.

Many people feel they should or even have to stay with their lender for the full term of their mortgage. Most of the time we find by reviewing clients mortgages we are able to save money over the term of their mortgage and often with little or no cost in terms of lender charges.

If you haven’t reviewed your mortgage now is the time to get in touch with us to see how much you could be saving.

You may have to pay an early repayment charge to your existing lender if you remortgage.

Now is a fantastic time to invest in property. Increased competition between mortgage lenders and the resurgence of many lenders in to the buy-to-let market has meant interest rates are at an all-time low and buy-to-let products have never looked so attractive.

Couple all this together with a booming rental market with higher than ever rental yields, it really could be the ideal time to start investing in property or look to expand your current portfolio.

We are also able to offer landlords full property management via Taylor Milburn Sales & Lettings to ensure you find the best tenants and receive the best service throughout.

For more information regarding buy-to-let mortgages or how to go about making those first steps please call or get in touch via the contact us section.

Buy to Let mortgages are not usually regulated by the financial Conduct Authority

Being given the chance to buy the home you have lived in for many years via the local authority can be very exciting and give you the fulfilment of owning your own home.

Our advisors have dealt with many cases of Right to Buy in the past and are fully equipped to guide you through the whole process.

Get in touch now to find out how we can help you.

From loans and mortgages to company/business insurance and even pensions for employees, Taylor Milburn Financial has things covered.

Insurance is all too often overlooked as an extra expense however, it shouldn’t be and should in fact form a fundamental part of good long term business strategy.

Key areas where business insurance is designed to help are:

  • Keeping the business trading
  • Protect corporate debt
  • Buy out a shareholder should they become critically ill or die

If you would like to know more please feel free to call or get in touch.

Commercial Mortgages are not usually regulated by the Financial Conduct Authority.

Commercial Mortgages are arranged by Introduction Only

Why choose us to arrange your mortgage?

There are many types of mortgages available on the market and it can be confusing to know which one is right for you, so we have have outlined the basics below. To seek further advice from one of our qualified mortgage advisers, contact us today. 

Repayment mortgages

With this type of mortgage, you repay part of the amount borrowed together with the interest being charged each month.

 In the earlier years of your mortgage, the majority of your monthly repayment is made up of interest.

However, towards the latter part of your mortgage term, the situation is reversed and the majority of your monthly payment will deduct from the amount borrowed.

Interest-only mortgages

With this type, you are only paying interest each month. This means that although your payments will be lower, the amount you borrow will still be outstanding at the end of the mortgage term. You will need to have credible arrangements to pay off the mortgage to avoid the property having to be sold, such as an Individual Savings Account (ISA).

Exclusive mortgage deals

We have access to exclusive mortgage deals.  Our expert mortgage advisers will be able to let you know what the latest exclusive deals are and whether they fit with your personal circumstances. We have access to mortgages you can’t get on the high street. We are also whole of market and give advice based on what’s best for you.

Buy-to-Let 

Apart from the purpose of the mortgage, the main difference with a buy-to-let mortgage is that the lender will use the rent you will receive for the property to assess affordability. Some may also take the landlord’s personal income into account.

Standard Variable Rates (SVR)

With this type of rate, your payments should rise and fall in line with the Bank of England bank rate changes, but not necessarily at the same time or by the same amount.

Fixed rates

Fixed rates give you the security of knowing that your monthly payments will always be the same. With this type of mortgage, you pay a fixed rate of interest for a set period typically over two, three or five years.

Tracker variable rates

Tracker variable rates are usually linked to the Bank of England bank rate, which means they will change in line with this.

Capped rates

With a capped rate mortgage, you will know the maximum you will pay for a set period of time. This type of mortgage offers you the option of knowing the maximum monthly repayments you would have to make during a set period of, typically, two or three years.

Discount variable rates

Allows you to benefit from a discount on the lender’s standard variable rate.  If the lender’s standard variable rate (SVR) increases or decreases, so does the discounted rate. Typically, the shorter the discounted period the larger the discount.

Offset mortgages

Typically, a current account, savings account, or both, are linked to your mortgage and, each month, the amount in these accounts is then offset against your outstanding mortgage. You are unlikely to earn interest on your savings which are offset.

Flexible mortgages
You can vary the amount you pay each month and take payment holidays in some circumstances. It may help to reduce your mortgage with lump sum payments without incurring an early repayment charge.