Find the mortgage you need, without the hassle you don’t
Let our partner Cream Financial Solutions do the hard work for you.
- Exclusive deals
- Expert advice
- Leave the hard work to Cream
Get in touch with them on 01902 297 714 to get the ball rolling.
Cream Financial Solutions Limited is a mortgage broker, not a lender.
Cream Financial Solutions Limited is an Appointed Representative of Advantage Mortgage Funding Limited which is authorised and regulated by the Financial Conduct Authority. The Financial Conduct Authority does not regulate some forms of Buy to Let. The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.
Let’s get your mortgage sorted
Right, put your feet up
Let’s face it, mortgages are complicated. That’s why we’ve partnered with Cream Financial Solutions – they’ll handle the whole process for you.
Their team will help find you a mortgage, submit your application, and liaise with your mortgage lender, solicitor – whoever else might be involved. They’ll spend around 16 hours seeing your mortgage right through to completion, with you barely having to lift a finger.
Think you’d rather leave sorting your mortgage to their experts? Get in touch with them on 01902 297 714 to get the ball rolling.
Mortgages, for whatever stage you’re at
Let us point you in the right direction. Cream’s qualified advisers can pinpoint your best mortgage deal for now, and for the future.
Staying put? We can help you remortgage your home, without the headache. Their team will search for new mortgage deals from over 70 UK lenders to find you the best rate possible.
If your current fixed-rate mortgage is coming to an end, you can lock in a new rate up to six months before your current mortgage expires. Just note that if you do want to remortgage before your fixed-rate term has ended, you may need to pay an early repayment charge to your existing lender.
Ready to get started? Call Cream on 01902 297 714 to remortgage now.
We all know moving home is stressful. But your new mortgage? Well, that doesn’t have to be. Cream’s advisers will be by your side every step of the way, and will handle the entire process for you. This will save you around 16 hours of legwork, so you can get back to coordinating everything else.
Found your next home? Get in touch with Cream’s mortgage advisers today to discover your mortgage options for your new property. Call Cream on 01902 297 714 to find a mortgage now.
Right, let’s get you on the property ladder. If you’ve got your deposit together and have your eye on a new home, get in touch with us today to get the ball rolling.
Cream’s mortgage experts will guide you through the whole process and will liaise with your mortgage lender, solicitor – basically anyone you need us to. They’ll also be here to help with any questions you may have.
Ready to find out your mortgage options? Call Cream on 01902 297 714 to find a mortgage now.
Expanding your property portfolio? Aim higher with Cream. Their expert mortgage advisers can quickly run you through your buy-to-let mortgage options, so you can find the right buy-to-let mortgage for you.
Cream work closely with many buy-to-let mortgage lenders that have excellent buy-to-let products for you to choose from. Their team will also manage the entire mortgage process on your behalf, so you barely have to lift a finger.
Ready to speak to us? Call Cream on 01902 297 714 to find a buy-to-let mortgage now.
Answers at your fingertips
What is a mortgage?
A mortgage is a type of loan that’s used to buy a property. With a mortgage, the finance you borrow to buy your home is secured against the value of the property. This means that if you are unable to repay your mortgage, your lender could take your home to recover their costs.
Who is eligible for a mortgage?
To be eligible for a mortgage, you’ll need to have a few things going for you.
4 critical factors to be eligible for a mortgage
- You must 18 years old or older.
- A deposit of at least 5% of the property’s value.
- An income (or joint income) that would allow you to comfortably make your mortgage repayments.
- A healthy credit score.
What is APRC?
APRC stands for Annual Percentage Rate of Charge. It shows how much it will cost you to borrow money over the term of your mortgage, taking into account any additional fees or charges. APRC also takes into account that your lender may offer you a lower interest rate for the first few years. It is then expressed as a percentage so you can easily compare your different mortgage options.
APRC vs APR
What affects your mortgage rate offer?
There are a few different factors that affect the mortgage rate you’re offered. Two things that you can do to improve the rate that you’re offered are:
Mortgage rate offer factors
- Having a good credit score;
- Putting down a bigger deposit.
What is an LTV ratio?
LTV ratio stands for loan-to-value ratio. Your LTV ratio is used by lenders to decide how risky it is to lend you the money to buy your home.
It compares how much of the property you will own – i.e. how much deposit you can put down in relation to the property’s value – to how much they will need to lend to you to make up the difference. The lower your LTV ratio, the better the mortgage rate you’re likely to be offered.
Fixed vs variable rate mortgage: what’s the difference?
We often get asked about the difference of a fixed vs variable rate mortgage. Here it is, in a nutsell.
With a fixed rate mortgage, your mortgage repayments will remain the same for an agreed fixed rate period – often from two to five years. After that, it’s common to remortgage to a new fixed rate deal, or your mortgage will revert to your lender’s standard variable rate (SVR).
With a variable rate mortgage, your mortgage payments could go up or down during your mortgage term.
Types of variable rate mortgages
There are two main types of variable mortgage:
- Tracker mortgages, which track the Bank of England base rate, and;
- Discount mortgages, which offer a fixed discount on the lender’s SVR (which can fluctuate).
How to decide on fixed vs variable rate mortgage
Your mortgage adviser will tell you what the best option for your circumstances is after completing a fact find with you and getting to know your requirements.
What’s the difference between interest-only vs repayment mortgages?
People often ask us to compare interest-only vs repayment mortgages and what the difference is.
The Interest-only vs repayment mortgage
An interest-only mortgage is where you only pay off the interest the grows on your mortgage. This can mean that your monthly payments are lower. However you will need to eventually repay your mortgage once your the term comes to an end.
More about the repayment mortgage
The most common option is a repayment mortgage. This is where you have the security of paying off a bit of the loan as well as the interest with each monthly payment. If all repayments take place, at the end of the term you will own the property completely.
Do I have to have a mortgage to buy a home?
No, if you have the cash to buy a property outright, you don’t need a mortgage to buy a home. If you don’t have that much cash available, you will need to apply for a mortgage.
How do I apply for a mortgage?
To apply for a mortgage, you’ll need to speak to a mortgage adviser. They will find the right mortgage option for you. Once you’ve had your offer accepted on a property, they will then take you through every step of the mortgage application process. You’ll also need a solicitor (conveyancer) to complete the legal work involved with buying a home.
What is remortgaging?
Remortgaging is when you take out a new mortgage for the same property. For instance, if your current fixed-rate mortgage is coming to an end and you don’t want to end up on your lender’s standard variable tariff, you can take out a new fixed-rate mortgage with the same lender or a different one.
Popular reasons to remortgage include:
- Your current fixed-rate mortgage is expiring
- You want a better rate
- The value of your house has increased
- You want to borrow more
- You want to overpay, and you can’t on your current deal
Just remember that if you remortgage before your current fixed-rate term comes to an end, you may have to pay an early repayment charge.
Need to do a bit more research?
How can I release equity from my home?
14th March 2022
With house prices reaching a record high in January, many homeowners around the UK will have far more money tied…Learn more about How can I release equity from my home?
Is now a good time to remortgage?
26th October 2021
With the Bank of England base rate currently at an all-time low of 0.1%, many of us will be wondering…Learn more about Is now a good time to remortgage?
Will taking a mortgage payment holiday affect my credit score?
26th October 2021
UPDATE: 26/03/2021 31st March 2021 is the deadline for applying for a mortgage payment holiday if you’re struggling to pay your…Learn more about Will taking a mortgage payment holiday affect my credit score?
Is your partner stealing your good credit score?
31st October 2022
It’s a fairly standard setup in households for couples to divide the workload, with each person taking their share of…Learn more about Is your partner stealing your good credit score?
How the mini budget affects you
27th September 2022
UPDATE: 25/10/22: The government has reversed many of these decisions since the mini-budget was announced on 23rd September 2022. We’ve…Learn more about How the mini budget affects you
Can you get hire purchase with bad credit?
23rd August 2022
Hire purchase agreements can be an appealing car finance option for anyone that would like to own a car at…Learn more about Can you get hire purchase with bad credit?
Why finance your next electric car with hire purchase?
23rd August 2022
A hire purchase agreement is a form of car finance that allows you to pay for a car in instalments,…Learn more about Why finance your next electric car with hire purchase?
What is a credit card utilisation rate?
22nd August 2022
Since January 2021, there have been 62.8 million credit cards issued to UK residents. If used little and often and…Learn more about What is a credit card utilisation rate?
What financial help is available this winter?
16th August 2022
Worried about rising food, fuel, and energy prices this winter? Well, there may be help out there for you. Here’s…Learn more about What financial help is available this winter?
A little bit of guidance goes a long way
First-time buyer’s guide: How to buy your first home
29th August 2023
Not a clue where to start with buying your first home? Don’t worry. Although the idea of getting on the…Learn more about First-time buyer’s guide: How to buy your first home
£11,000 loan guide: How to borrow £11k today
14th March 2023
There’s a lot of loan options out there, and one of the most important factors in choosing the right loan…Learn more about £11,000 loan guide: How to borrow £11k today
Secured loans: Interest rates
14th March 2023
If you’re repaying multiple debts and finding it difficult to stay on top of them all, or simply looking for…Learn more about Secured loans: Interest rates
What is a secured loan and how does it work?
14th March 2023
If you want to borrow a large amount, or spread repayments over a longer period of time, you’ll probably need…Learn more about What is a secured loan and how does it work?
Debt consolidation loan eligibility: Am I eligible?
14th March 2023
If you’re repaying multiple debts and finding it difficult to stay on top of them all, or simply looking for…Learn more about Debt consolidation loan eligibility: Am I eligible?
Debt consolidation: No guarantor
14th March 2023
If you’re repaying multiple debts and finding it difficult to stay on top of them all, or simply looking for…Learn more about Debt consolidation: No guarantor
Does gambling affect your credit score in the UK?
14th March 2023
Gambling has become a common pastime for many people in the UK. Whether it be sports betting, online games, bingo,…Learn more about Does gambling affect your credit score in the UK?
12-month loan guide: How to get a 1-year loan today
1st February 2023
If you’re looking to take out a 12-month loan, you might be wondering whether it’s a good way to borrow,…Learn more about 12-month loan guide: How to get a 1-year loan today
Long-term loans guide – are they a good way to borrow?
1st February 2023
When you’re looking to borrow money, the length of time over which you’ll repay the loan is one of the…Learn more about Long-term loans guide – are they a good way to borrow?
We do things right, so you can get it right
Doing the right thing is our number one thing. Our commitment to putting customers first is unmatched.