We are here to help you get a great mortgage deal, from just 0.99% APR
Basik Money is a mortgage broker, we are not a bank. We search all lenders to find the best mortgage available to you, not matter how your credit history looks. Get in touch with Basik Money today to find out how we can help you.
When searching for a buy to let mortgage, you should always choose a broker over a bank. Specialist buy to let brokers have a wide range of mortgages from many lenders, rather than just what your bank has to offer – let Basik Money do the hard work for you.
Fixed Rate Mortgages
A fixed rate mortgage means that you will have a mortgage with an interest rate that remains the same for a set period of time, usually two to five years. This means that your interest rate is fixed and your monthly repayments will remain the same for the duration of the term. Your interest is calculated on the amount outstanding, meaning you will pay the most interest at the beginning of the mortgage which is a great time to lock your rate for 3 to 5 years. Deciding on a fixed rate mortgage allows you to budget your monthly expenses and stay on top of your finances, this type of mortgage is the preferred option for those on a tight budget.
Variable Rate Mortgages
A variable rate mortgage means that your monthly mortgage repayment can go up or down at any point during the term of your mortgage, the complete opposite of a fixed term mortgage. Standard Variable Rate – this rate is fixed by your lender who can increase or decrease it at any point. We have found that most lenders will adjust their variable rate to suit the banks base rate. Tracker Rate – this rate follows the movements of another interest rate. If the base rate goes down, the tracker rate will go down and vice versa. Your repayments can fluctuate each month to match that of the interest rate that is being tracked.
Benefits Of Buying
Finding The Best Mortgage
If your looking to find the best mortgage to suit your needs, it can certainly be challenging with so many different and complex deals available online. This where Basik Money can help, as a specialist mortgage broker our team of experienced advisors help you through the process of finding the mortgage you want. All you have to do is answer a few simple questions below and our dedicated team will arrange a call with you to discuss your available options and take care of the application process for you.
Why choose Basik Money?
At Basik Money it’s all in the name: we make finding the right financial solution simple, easy and effective. Basik Money take great pride in being directly authorised and regulated by the Financial Conduct Authority. Which means that we adhere to the highest standards of advice for our clients. Our approach is transparent and simple – if you’re not accepted for a solution, there’s nothing to pay.