MORTGAGE NEEDS 

AFP Blackheath have access to many schemes not available on the high street, often on exclusive terms. 
 
Whether you are a first time buyer, moving home, purchasing a second property or looking to purchase or refinance an investment property or seeking to re-mortgage your home we will help you secure the most competitive mortgage product for your personal circumstances. There are a variety of mortgage types available on the market today and without the correct advice you may not end up with the best product to suit your individual needs. 

Repayment Mortgage 

Currently the most favoured mortgage by both customer and lender. Your monthly commitment consists of both capital and interest. In the early years the payment is primarily interest on the loan, with a small element being the capital. But as the years go by the capital payments increase, thereby reducing the loan. 

Interest Only Mortgage 

With this type of mortgage the repayment consists entirely of interest.This product may appear cheaper but as you are not repaying any capital the entire mortgage will still be owed at the end of the mortgage period. Subsequently it is vital that you have a credible arrangement in place to repay the loan, this is usually an investment vehicle such as an ISA that you make contributions to during the period of the mortgage. 

Buy to Let Mortgage 

With a lot of press coverage at present BTL mortgages are very popular. The main difference is that the affordability is based on the rental income of the property to let. But some lenders will also take into account the landlords income. There is a huge choice to suit first time landlords and the professional landlord with a large portfolio. AFP Blackheath have a wealth of knowledge in this arena with 35% of our business managing BTL mortgage arrangements. 

Re-Mortgage 

To re-mortgage is to simply replace your existing mortgage or increase your mortgage with another lender. You may do this to save money with a more competitive rate offered by a new lender. It is important to bear in mind charges that could be applied such as an ERC (Early Repayment Charge) before you switch lenders. 

Exclusive Mortgage Deals 

AFP Blackheath have preferential rates with some of our lenders for the benefit of our customers only. Call now to talk to an adviser to find out whether these will fit your personal circumstances. 

Fixed Rates 

As it says on the tin your rate will be fixed for a period of the mortgage, with 2 years, 5 and 10 years being the most popular choices. The biggest benefit is that they give you the security of knowing exactly what your commitment will be over the fixed period.  

Tracker Variable Rates 

The mortgage rate is usually linked to the Bank of England base rate, and will increase and decrease in line with rate changes that are published each month. 

Standard Variable Rate (SVR) 

These are the standard rates charged by your lender and will move in line with rate changes published by the Bank of England. However the changes do not happen immediately, furthermore they do not always reflect the true rate adjustment, subsequently you do always benefit from the change. 

Offset Mortgages 

Typically your current and savings accounts are linked to your mortgage, with the balance in both used to offset against your outstanding mortgage amount. Your monthly payments are calculated based on your outstanding balance. 

Flexible Mortgage 

As the term would suggest you have flexibility and can vary the amount you pay each month, with the opportunity to take payment holidays. You can also pay larger amounts towards the mortgage without penalty. 

Discounted Variable Rate 

These are opportunities to benefit from a genuine discounted rate against the lenders variable rate, and will go up or down dependent on the Bank Of England rate in the same way as a Standard Variable Rate mortgage. 
YOUR HOME CAN BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE 
Contact us today for impartial & independent advice 
Mortgages
Protection
Contact us today for impartial & independent advice 
Mortgages
Protection
October 2017 – 5 out of 5 stars 
 
Peter has been a reliable and reassuring source of information during the purchase of our house. As first time buyers, we were apprehensive about the process but Peter provided a friendly face and was able to easily explain things in a way that made sense to us. He has always been responsive to calls or emails (when others in the process have not) and willing to travel to discuss face to face when sensible. I would thoroughly recommend Peter to anyone who is looking for a mortgage and look forward to working with him again." 
 
Ben, South East London 
 
 
 
May 2017 – 5 out of 5 stars 
 
I had a fantastic experience dealing with Peter. Not only was he approachable, polite and very personable, he also found us a mortgage 
with a great interest rate that ticked all our boxes. We were first time buyers so we had lots of questions, but Peter answered them in a very clear and friendly manner. He always replied to emails and was available to talk on the phone when needed. We had made some costly mistakes with previous properties we were looking to buy due to bad advice from other brokers, but from my initial conversation with Peter I could tell he knew what he was talking about and was aware of lesser-known issues surrounding mortgages that other brokers hadn't even contemplated. He knows his onions - I would recommend him wholeheartedly. 
 
Javier, South East London 
 
 
November 2015 – 5 out of 5 stars 
 
Looking for a buy to let mortgage but I didn't feel I was getting a choice from the high street banks. Peter's number was given to me by a family member so I gave him a call. Firstly he total explained my options making sure I understood every step of the way. Then he presented me many deals from many lenders and guided me towards the correct product for me. Could not be happier with my but to let mortgage Peter arranged for me. For the last 8 years it has taken care of its self. I am even thinking of getting a third property and Peter will be called upon again. I could not be happier. He explains calmly and professionally. I feel he will only sell you a product that is right for you. 
 
London 
 
 
July 2016 – 5 out of 5 stars 
 
It was a pleasure meeting Peter. In regards to finding a mortgage, he was very honest, took the time to explain things and most of all was very knowledgeable. Highly recommended. 
 
Thomas 
 
 
January 2016 – 5 out of 5 stars 
 
Looking to re-mortgage and get a better interest rate. Advice on best mortgages, interest rates and how much to borrow. Great new mortgage with lower interest rate which has lowered my outgoings. Also manage to borrow more to pay off loans and credit cards. He was brilliant. 
 
London 
Recently separated from my husband and only two months into a new job, I thought remortgaging my house would be impossible. My existing mortgage repayments were too high for me to manage on my own, but no high street bank would even consider me with less than three months’ payslips. I found Peter’s details on ‘Vouched for’ and decided to give him a call. Extremely knowledgeable and experienced, he couldn’t have been more helpful. He really took the time to understand my unique situation and helped to reassure me by talking through the various options. He visited my house and was always only a phone call away if ever I had a question. The outcome was a much more mortgage with much more affordable monthly repayments, which meant I was able to keep a home for my son and I. I can recommend Peter without any reservation; he is professional, reliable, dedicated and a truly fantastic guy. I can’t thank him enough! 
 
Ms R.F. Teacher. South London 
I have used Peter for mortgages/remortgages a number of times over the years as well as seeking financial advice when my circumstances may have changed. Peter has an incredible knowledge of the market and products available and despite me regularly giving him difficult scenario's, he always manages to find a product that fits my circumstances perfectly.I have recommended Peter to a number of my friends and acquaintances over the years and Peter is now highly regarded amongst this group and known for both his professionalism and "can do" attitude, I would have absolutely no hesitation in recommending Peter and he will be the first person I call when I need any kind of financial advice in the future. 
 
Mark, Kent 
 
 
Peter was knowledgeable, professional and courteous from start to finish. He secured us a better deal than we imagined would be available and consistently went to the extra mile to make sure the process was as smooth and stress free as possible. 
 
Gareth from Blackheath Jan 2017