Mortgages

At Brian Alcock & Associates we offer a range of mortgage products to suit the different needs of our customers.

FIXED RATE

• A fixed rate product means that your payments are fixed for a set amount of time. That means that the rate will not go up or down for the time that the rate is fixed
• The product normally returns to a variable rate at the end of the fixed period
• You won't benefit if rates fall during the term but will be protected from any interest rate rises when you’re on the fixed rate
• Early repayment charges may apply

GOOD FOR:
those who need to budget carefully; want the certainty of knowing what they will be paying for a year or two and want protection from potential interest rises

DISCOUNTED RATE

• This is a variable rate product with a discount to lower the payment for a set period of time
• Your payments will go up and down as interest rates rise or fall
• You’ll benefit from a discount off the full variable rate for the time that the discount applies
• Once the discount period ends, you’ll normally go onto a variable rate mortgage
• Early repayment charges may apply

GOOD FOR
those who want lower initial payments; want to benefit from interest rate reductions but are also prepared to pay more if interest rates rise

BANK BASE RATE TRACKER

• With a base rate tracker mortgage the amount you pay will be a percentage above or below the bank base rate (currently 5%) for a set period. Once the set period ends the rate will normally return to the lenders standard variable rate.

GOOD FOR
those who want to benefit from interest rate reductions but are also prepared to pay more if interest rates rise

FLEXIBLE MORTGAGE

• A flexible mortgage offers the facility of a combination of over and under payments depending upon your personal circumstance.

GOOD FOR
Clients who are subject to irregular incomes and those able to offset any deposit accounts that they hold against their mortgage balance, therefore reducing their monthly mortgage payments.

OFFSET MORTGAGE

• An offset mortgage offers the facility of a combination of over and under payments depending upon your personal circumstance.

GOOD FOR
Clients who are subject to irregular incomes and those able to offset any depositaccounts that they hold against their mortgage balance, therefore reducing their monthly mortgage payments.