For those people wanting to buy a house in an upmarket area of London, Crest Nicholson have some new build properties that overlook the river Thames. You can view them on their web site here, and anyone looking to secure a mortgage on these properties is strongly advised to contact an out-of-town broker who does not charge “London prices”.
Popular London mortgage brokers Manchester Mortgages are an ever increasing presence on the London mortgage scene and their prices are some 20%-40% LOWER than their London counterparts.
For example, a 25 year mortgage obtained through a typical London broker on a buying price of £1M will cost you in the region of £3000 in broker’s fee’s. From Manchester Mortgage however, the cost is £995. That is a considerable saving for what is the same service.
Also, brokers like Manchester Mortgages are whole of market brokers which mean that they will be able to secure you a mortgage from a large number of different UK mortgage lenders, not just one. This often means that the mortgages they provide are at a much lower rate of interest and typically over a fixed interest term of either 2 or 5 years.
With the Bank of England’s base rate set to rise soon, getting a fixed rate mortgage is an advisable thing to do.
Also, don’t let the name “Manchester Mortgages” put you off. This is where their business started, but make no mistake that this company will get you some of the very best mortgage deals in London.
Contact Manchester Mortgages on 0161 706 0242.