Whether you’re looking for a mortgage, considering remortgaging or thinking about “dipping your toe” in the buy to let market, we can help.

Our network of contacts and years of experience mean that we know how to make sure you’re matched with the right company for your circumstances and to make your journey a little simpler, here’s our jargon busting guide to three categories of mortgage you may come across:

Fixed Rate

The mortgage interest rate stays the same for the initial period of the deal, usually two to five years.

This means you can be sure of exactly what you will be paying on your mortgage each month, as your rate won’t go up – or down – with the Bank of England base rate as it would with a variable-rate mortgage.

Discounted-rate

 
 

A discounted-rate deal is one where the interest rate you are charged is a set amount less than your mortgage lender’s standard variable rate (SVR).

For example, if the lender has an SVR of 5.5% and the discount is 1%, then you will pay 4.5%.
 
 
 

Capped Rate

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The mortgage interest rate charged by your lender will never exceed the upper ‘capped’ limit, regardless of increases to the Bank of England base rate.

 
 
 
 
 
 

Danbro Financial Services Limited does not provide mortgage advice. It provides a referral service and as such, we work with a selected panel of specialist mortgage brokers.

The FCA does not regulate some investment mortgage contracts.

Your property may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it.

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*Danbro Financial Services is a Trading Style of Palm Financial Care Limited which is Authorised and Regulated by the Financial Conduct Authority. Palm Financial Care is Registered in England.
Registered Office: The Chambers, Britannic House, 47 Albert Road, Colne, Lancashire BB8 0BP. Registered Number 6261386.