Chelmsford Mortgage Advisors

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We compare 1000s of UK Mortgage Products

Your mortgage is probably your biggest financial commitment, so finding the best deal is a must!


With MortgageComparison.help, we make it super easy to compare the best options for you out of thousands of mortgage products from a wide range of lenders. This way, you can feel confident you’re securing the right deal for your needs. It’s like having a personal guide helping you pick the perfect mortgage out of a sea of options!


MortgageComparison.help

Find the mortgage that suits your needs

We can help you compare your mortgage options across many different borrowing needs

Help, I'm buying my first home

Alright, so as a first-time buyer, you might need a higher loan-to-value mortgage, which basically means borrowing more compared to the value of the property. Don’t worry though! Use our service to find the best rates available, and we’ll help you figure out if you meet the lender’s criteria. It’s kind of like finding the perfect pair of shoes—except this one will help you get your first home!

Help, I want to move from my lender to another

Remortgaging could be your ticket to saving some serious cash for your future self! By switching, you could grab a better interest rate, or even score the same or similar rate but with lower (or no) lender fees. Plus, we'll aim to get you free conveyancing services thrown in. It’s like finding a hidden gem deal to make your mortgage work harder for you!

Help, I'm moving home

When you’re moving home, you might have loads of options—like sticking with your current mortgage by porting it over and borrowing more on top, or switching things up and going with a new lender. It’s like having a bunch of doors to choose from, all leading to the best deal for your new place!

Help me understand the different types of mortgage products

Fixed rate Products

A fixed mortgage rate is basically when your interest rate stays the same for a set period—like 2, 5, or even 10 years. So, no matter what happens with the economy or interest rates during that time, your monthly mortgage payments won’t change.


It’s great for budgeting because you know exactly what you’ll be paying each month. The downside is if interest rates drop, you’re still stuck paying the higher fixed rate until your deal ends. But on the flip side, if rates go up, you’re protected and keep paying the same amount. It’s kind of like locking in a price to keep things predictable!

Tracker Rate Products

A tracker mortgage is kind of like riding along with the Bank of England’s base rate. Your interest rate isn’t fixed—instead, it “tracks” the base rate plus a set percentage.


So, if the base rate goes up, your mortgage payments will go up too. But if the base rate drops, your payments could go down, which is a nice bonus! The catch is that it’s less predictable than a fixed rate because your payments can change. It’s great if rates stay low, but it can get more expensive if rates start climbing.

Standard Variable Rate Products

A standard variable rate (SVR) is the default interest rate your lender puts you on after your fixed or tracker deal ends. It’s set by the lender, so it can go up or down whenever they decide—there’s no direct link to the Bank of England’s base rate, but it often follows general market trends.

Discounted Rate Products

A discounted mortgage rate is like getting a sale price on your lender's standard variable rate (SVR) for a set period—usually 2 to 5 years. The lender knocks a percentage off their SVR, so if their SVR is 5% and you have a 1% discount, you’d pay 4%.


But since it’s still tied to the SVR, your rate can go up or down if the lender changes their SVR. It’s cheaper than the full SVR, but not as predictable as a fixed rate. It’s a good way to save money early on, but you’ve got to be ready for your payments to change.

Interest-only

An interest-only mortgage is where you only pay the interest on the loan each month, not the actual amount you borrowed. So, your monthly payments are way lower than a regular mortgage.


But here’s the catch—you’re not paying off any of the debt. When the mortgage term ends, you still owe the full loan amount, and you need a plan to pay it off, like selling the property, using savings, or investments.

Offset Mortgage Products

An offset mortgage is pretty clever—it links your mortgage to your savings account. Instead of earning interest on your savings, that money is used to "offset" your mortgage balance, so you only pay interest on the difference.


For example, if you owe £200,000 on your mortgage and have £20,000 in savings, you’d only pay interest on £180,000. The more you save, the less interest you pay!



The cool part is your savings are still accessible if you need them, but the downside is you won’t earn interest on that money. It’s a great option if you’ve got decent savings and want to cut down on mortgage interest.

I'm a bit confused, What is a mortgage and where do interest rates come from?

A mortgage is basically a loan you take out to buy a home—whether it’s for you to live in or for renting out to others.


It’s a type of secured loan, which means the loan is tied to the property. If you can’t keep up with the payments, the lender has the right to repossess the property to get their money back.



There are lots of different types of mortgages out there, each with its own rates based on things like how much you're borrowing and how long you’re borrowing it for. So, it’s all about finding the one that works best for you!


Okay, so here’s the deal with mortgage rates—they usually follow the Bank of England’s base rate. If that rate goes up, mortgage rates go up too. If it drops, mortgage rates can come down. Simple as that!


Then there’s this thing called the "Loan to Value" ratio, or LTV. It’s just a fancy way of saying how much money you’re borrowing compared to how much the house is worth. If you borrow a lot and don’t put much down, your LTV is high, and that can mean higher interest rates. But if you save up for a bigger deposit or your house goes up in value, your LTV drops, and you could score a better rate.


Oh, and you can make your monthly payments cheaper by spreading them out over a longer time, like 35 years. Sounds good, right? But here’s the catch—you’ll end up paying way more in interest over all those years. So, it’s cheaper each month, but more expensive in the long run.

Stamp Duty Explained

The Government Charges What??

Stamp duty is the tax you pay when you buy a property or land, and it’s based on the price of the place you’re buying. How much you pay depends on how much the property costs and whether you plan to live in it or rent it out.


Right now, in England and Northern Ireland, you don’t have to pay stamp duty on the first £250,000 of a home you buy to live in. But, from April 2025, that’ll drop to £125,000, so just keep that in mind if you're buying around that time.


For first-time buyers, you get a little more leeway—there’s no stamp duty on the first £425,000 of a house (as long as it’s worth £625,000 or less). But in April, that’ll drop to £300,000, with the home price cap going down to £500,000.


Once you go over those thresholds, you’ll pay stamp duty based on the value of the property, and it goes up the more expensive the house is.


Oh, and just so you know—stamp duty is basically one of the most hated taxes in the UK (it’s like paying for your new home twice, but not in a fun way)!


Remember, if you're buying in Scotland or Wales, the rules are a bit different, so check those out too.


Want to see how much you’ll pay? Use our stamp duty calculator and find out!

Useful Mortgage Tools and Services

Help, How much can I borrow?

if you’re wondering how much you can borrow for a mortgage, use this free service! Just pop in your income and monthly expenses, and a qualified mortgage advisor will send you a breakdown of what you can borrow. All we need is your email address—no other personal details required! It’s quick, easy, and you’ll get a clear, expert report.

How much will I pay each month?

if you want to figure out what your monthly mortgage payments might be, check out this mortgage repayment calculator! Just enter how much you want to borrow, the interest rate, and how long you want to repay it, and you’ll get an estimate of your monthly payments. It’s super easy, and you’ll have a good idea of what to expect.

How much stamp duty will I pay?

if you’re trying to figure out how much stamp duty you’ll need to pay, use this stamp duty calculator! Just enter the price of the property you’re buying, and it’ll give you an estimate of what you’ll owe. It’s quick, easy, and super helpful so you can plan ahead.

"2024 was an interesting year for the UK mortgage market. With mortgage rates higher than they’ve been in a while, a lot of people have felt the pinch. This all started back in 2022, when Liz Truss was Prime Minister and introduced her mini-budget. It kind of rocked the boat and caused a lot of market uncertainty, pushing up swap rates. For anyone who doesn’t know, swap rates are the cost banks pay when borrowing money from other banks, and they directly affect how much you pay for your mortgage. When swap rates go up, mortgage rates tend to follow, and that’s what’s been happening.


"So, 2024 was a bit of a bumpy ride for people with tracker or Standard Variable Rate (SVR) mortgages, since those rates are linked to the Bank of England's base rate. We’ve seen rates go up and down a few times, and that’s meant a lot of people have been paying more each month. It wasn’t all bad though—some people with fixed-rate deals still had stable payments, which helped keep things a little less stressful."


"Now, looking ahead to 2025, things could get a little better—but we’re not out of the woods yet. Mortgage rates might start to ease as inflation slows down and the Bank of England considers reducing its base rate. That could mean some relief for homeowners and first-time buyers who are feeling the squeeze. But, keep in mind that swap rates could still affect things, so mortgage rates might not drop as quickly as we’d hope."


"In short, 2024 was a tough year for some, but 2025 could bring a little more stability, depending on how the economy plays out. Keep an eye on those rates, and don’t forget, if you’re thinking about getting a mortgage or remortgaging, it’s always good to check out the options to make sure you’re getting the best deal."

- Oliver Reece CeMap, Lead Mortgage Advisor @ MortgageComparison.help

What 2024 Looked Like and What 2025 Could Look Like for the UK Mortgage Market

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So, what happens when I find out my best option?

Alright, so once you’ve picked out the mortgage option you like, the next step is making sure you actually qualify for it. Mortgages aren’t like getting car insurance or signing up for a new phone contract—this isn’t just a quick ‘tick-box’ thing! Every lender has their own rules about things like your income, the property, and your credit history. For example, some lenders might ask for a bigger deposit if you’re buying a flat, or they’ll only count 50% of your overtime or commission when figuring out what you can afford. If you’ve had defaults or CCJs before, some lenders will still consider you, but others won’t.


Some lenders are cool with extending your mortgage term to 40 years, while others only do 35 years. Not all lenders will lend on certain types of properties either—like concrete ones—so that’s something to keep in mind.


Some lenders will even let you borrow up to 5.5x your income, even with just a 5% deposit, but most will cap it at 4.5x. And, fun fact—some lenders won’t lend to people living in Scotland!


But don’t worry, at MortgageComparison.help, our friendly, qualified mortgage advisors will help you figure all this out, and it won’t cost you a penny!

Free Fully Qualified Mortgage Advisors at Hand

All of our mortgage advisors are super experienced and know their stuff. They’re whole-of-market, which means they can look at loads of different mortgage deals from lots of lenders to find the best one for you. They’ve also got a CeMAP qualification from the London Institute of Banking and Finance, so they really know what they’re doing. Plus, they use some cool tech to make everything as easy as possible, so you don’t have to worry about a thing.


Also, we don’t charge you a separate mortgage broker fee. Like all mortgage advisors, we earn a commission from the lender if you go ahead with the mortgage that we advise. So, no hidden costs—just straight-up help to get the best deal!



Basically, they’re here to make sure the whole process is as smooth and simple as it can be!

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