Mortgage advice personalised to your needs
At Lawrence Rand you can depend on accurate, reliable and straight-talking mortgage advice from our in-house Independent Financial Advisor if you're looking for a mortgage that suits your needs.
Getting started with mortgages
Thinking about buying your first home but don’t know where to begin? A mortgage is a loan to help you purchase a property, allowing you to pay a deposit and borrow the remainder from a lender, like a bank. When looking for a mortgage, understanding mortgages can feel overwhelming, but we’re here to simplify everything you need to know to get started.
How much can you borrow?
The amount you can borrow depends on several factors, including your income and credit history. Generally, lenders offer up to four times your annual income, or four and half times if buying with a partner. Monthly expenses and employment status also play a role. Use our online mortgage calculator to estimate your borrowing potential and monthly payment.
Finding the best deal for you
Our expert mortgage advisors have access to the whole of the mortgage market in the UK and are not tied to any specific lenders. This means, they are able to find the best deal to suit your needs.
Types of mortgages
Fixed-rate mortgages ensure consistent monthly payments with a stable interest rate. Tracker mortgages fluctuate based on the Bank of England’s base rate, while Standard Variable Rate (SVR) mortgages vary with the lender’s rate. Capped rate mortgages have a variable rate but limit how high payments can go. Discount mortgages offer lower initial payments before switching to the lender’s SVR.
Get started with reliable mortgage advice
Whether you are looking for a mortgage for the first time or want to discuss remortgaging, speak to our experts about your money matters. Book an appointment here.