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Mortgage Advice?

Here To Help

Get Expert Advice Today

Our team at Reeds Financial offers a hassle-free, friendly service that can be shaped to perfectly suit your situation. With expert guidance you can trust and a flexible format designed around you, we make sure you get the advice you need whether you want to chat on the phone or get things done via the web. It's entirely up to you. With Reeds Financial, you will get access to exclusive rates from some of the UK's biggest lenders, all explained clearly, without the jargon. Everything is set up to make it easy to get what you need, so you can afford the home you've set your heart on.

We can help with all types of mortgages, if you can't see the one you are after speak to one of our friendly mortgage consultants now on 0203 835 6263.

Mortgage Options

Let’s Find The Right One For You

We don’t just turn around and offer the same, generic loan to everyone, over and over. We work with you to find the loan that fits your goals, your plans, your visions, your wildest dreams… in other words, the right one for you.

How Do We Do It

We Find The Right Mortgage For You

Want to know one way we make it enjoyable? We keep it simple, with three simple steps to get you from right now to moving into your new home. 

Enquire

Complete our quick and easy form to see which mortgage products suit your current circumstances.

Apply

We'll handle all the necessary paperwork and manage the entire application, keeping you updated throughout.

Complete

You can kick back and start enjoying the benefits of your new mortgage.

Interest Rate Changes

Understanding The Current Climate

With the resurgence of interest rate hikes after a prolonged period of low borrowing costs, it's crucial to grasp the impact of these changes on mortgage rates.

If you're on a fixed-term deal, your mortgage won't be affected by interest rate fluctuations until the term concludes, ensuring your monthly repayments stay constant. However, as historically low mortgage rates come to an end, those nearing the conclusion of their deal should be aware that rising rates could result in significantly higher monthly payments.

Tracker and Standard Variable (SVR) mortgage holders will immediately experience changes in mortgage rates. This is because these deals are linked to the Bank of England base rate, which has consistently increased since late 2021.

For first-time buyers and those remortgaging, shifting mortgage rates may translate to pricier deals compared to those accessible a few years ago. Individuals with a more substantial deposit or higher loan-to-value on an existing property can access lower rates.

For those with a 5% or 10% deposit, mortgage rates are likely to be at their peak. Opting for a fixed rate is advisable, as rate fluctuations can lead to increased (or decreased) bills based on the interest rate set by the Bank of England.

Stamp Duty Tax

What's That?

Stamp duty is a tax imposed as a percentage of the purchase price when acquiring property or land. The total tax amount is contingent on the property's value and your intention to either reside in it or rent it out.

In England and Northern Ireland, there is no stamp duty on the initial £250,000 of a property purchased for personal use. For properties valued at £625,000 or less, first-time buyers enjoy a raised nil-rate band of £425,000.

Tax is applied at a graduated rate based on the property value exceeding the nil-rate band. Stamp duty thresholds and rates differ in Scotland and Wales.

What are the Different Mortgage Types?

Fixed Rate

Fixed-rate mortgages maintain a consistent interest rate for a predetermined duration. This ensures that monthly repayments remain constant, offering protection against potential increases in interest rates. These fixed-rate deals typically span two to five years, although it's feasible to secure a fixed term of 10 years or even longer.

Tracker

With a tracker mortgage, you'll typically be subject to an interest rate linked to the Bank of England base rate, although it commonly tracks a few percentage points above. The base rate signifies the interest rate at which mainstream banks borrow money. As it fluctuates, your monthly repayments will also experience corresponding increases or decreases.

Standard Variable Rate (SVR)

The standard variable rate (SVR) is an interest rate determined by your lender, typically a few percentage points higher than the Bank of England base rate. If you currently have an SVR mortgage, it's likely that you're paying more than necessary. Moving to a fixed- or tracker-rate deal often results in cost savings, and there is usually no early repayment charge.

Discounted Variable Rate (DVR)

A discounted variable-rate mortgage shares similarities with a tracker mortgage, yet it differs in its connection. Instead of being tied to the Bank of England base rate, it is linked to your lender's standard variable rate (SVR). This mortgage is established at a set percentage below your lender's SVR, which is subject to changes at their discretion, leading to fluctuations in your monthly repayments.

Interest Only

An interest-only mortgage permits you to make monthly payments covering only the interest on the loan. Repayment of the borrowed amount, also referred to as the 'capital', is deferred until the end of the term. Consequently, your monthly payments are lower compared to a repayment mortgage. It's crucial, however, to make arrangements to settle the original loan at the designated time.

Offset

An interest-only mortgage allows you to make monthly payments covering only the interest on the loan. Repayment of the borrowed amount, also referred to as the 'capital', is deferred until the end of the term. Consequently, your monthly payments are lower compared to a repayment mortgage. It's crucial, however, to make arrangements to settle the original loan at the designated time.

Why Reeds

We Simplify Mortgages

We are for every person looking to buy a property. No property is too big or too small and our expert team can arrange mortgages for all kinds of buyers – first time buyers, Buy-to-Let, the self-employed and freelancers, commercial landlords and property investors.

We understand that the mortgage world can be a minefield. So we keep things clear and jargon-free. Your mortgage is a hefty investment and we want you to know what you are signing up to, how much it’s going to cost you and exactly what is involved in the whole process from the minute you find your ideal property.

Getting The Right Advice

No Robot, Just Humans

You can find pretty much anything you want online and a mortgage is no exception. But you won’t have access to the same rates and deals we can see, from every lender out there. And you’ll have to spend hours of your own precious time wading through comparison sites, questionnaires and forms with no guaranteed positive outcome.

A quick fact-finding conversation with us will allow us to thoroughly understand your needs and objectives. We will then put the mortgage wheels in motion, getting your mortgage application in quickly so you don’t lose out on your property. You are our number one priority and we’re not affiliated to any lenders, so you know we’re working to get the best deal solely for you.

We Love Getting Feedback

What People Are Saying

Keep Calm

Just Ask Reeds

We really get it. Trusting someone to help you with important even more so with financial decisions that can be daunting. That’s why we only employ top advisors. Ensuring you get the awesome service & timely responses at all times, ensuring on life long partnerships.

ANY PROPERTY USED AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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