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Helping to Find the Right Mortgage for You

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The best mortgage deal for you is entirely dependent on your individual circumstances.

Choosing the right mortgage is crucial and our team at MortgageKey will talk you through all of your options, and explain both the short and longer term impact for you and your family.

Why Choose MortgageKey for Comparing Mortgages

Thousands of deals considered

We search and compare thousands of shared ownership mortgage deals to tailor a deal for you

We’re completely independent

We’ve no tie-ins with certain lenders so our focus is solely on finding the best option for you

Pay nothing until completion

We don’t ask for any payment until your shared ownership mortgage deal is complete

Award-winning mortgage and loans experts – ready to help you today

Our team of specialists will guide you through the process of securing a mortgage, buying a home or taking out a loan – finding the very best deals for you and your family.

Mortgage & Loan Guides

Read our experts’ latest advice on a wide range of mortgage options to the tax implications of buying properties to let.

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Infographics

Making mortgages and loans simpler to understand is our key skill, and our infographics do just that!

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Hear from our Clients

Don’t just take our word for it, hear from our happy clients who we have helped through the mortgages and loans process.

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Which Type of Mortgage Shall I Choose?

There are several different kinds of mortgages to choose from and it is important to understand how they will work, given your specific circumstances.

Deposit, your monthly income and expenditure, and the type of property you are buying, must all be taken into consideration, helping to identify the best mortgage type for you.

The main types of mortgage deals are as follows;

Tracker Mortgage Deals

A tracker mortgage tracks the Bank of England interest base rate, applies it, and adds an additional set percentage rate. So, if you select a mortgage deal with a 2.5% set percentage rate from the lender and the Bank of England’s base rate was 0.3%, your payable mortgage deal would be 2.8%. However, if the base rate dropped as low as 0.15%, you would benefit from a reduced monthly mortgage rate. The same of course applies if the base rate rises, making it more costly.

Fixed Rate Mortgage Deals

Fixed rate mortgages bring peace of mind and stability as you know you’ll be paying the same amount each month, regardless of what’s happening to the Bank of England base rate or the property market. A set rate is agreed for a certain period when the mortgage is taken out, typically lasting between two and five years. It is possible to fix it for longer, should you want to, however, it’s advisable to assess the market every so often to see if you can secure a better mortgage deal.

Discounted Mortgages

Discounted mortgages offer an upfront discount off the lender’s Standard Variable Rate (SVR). This is usually for the first few years of your mortgage deal, before it switches back to the SVR. Your lender’s SVR is subject to change, making your payments increase or decrease throughout the term of your mortgage deal.

Capped Mortgage Deals

A capped rate mortgage is a variable rate, so your monthly repayments can fluctuate. However, the rate can be capped so that it will never go above a certain limit. You may choose this mortgage deal, if you are under the impression that mortgage rates will fall, so you can reap the rewards. But, at the same time, you want that added protection, so that there’s a cap in-case they increase.

Offset Mortgage Deals

An offset mortgage uses any savings to reduce the amount of interest you pay overall. Imagine you have a £250,000 mortgage and £45,000 in savings. You can offset these savings against your mortgage so that you only pay interest on £205,000 of your mortgage deal. The savings are still accessible whenever you choose, but that’s what makes rates on offset mortgages slightly higher than standard mortgages.

What our clients are saying

  • I had a missed payment on my record and all major lenders turned down my application. Mortgagekey helped me get a mortgage and got accepted, underwrit...
    Peter M
  • Customer service was amazing start to end, made the whole process very easy.
    Nisar Ahmed
  • We have been talking to Mortgage Key in regards to our first mortgage. Although we have not finished the process, we are extremely happy with the serv...
    Ashleigh
  • You provided me very good and impressive service, very nice staff.
    Mj Li
  • Excellent service, very helpful! Im a first time buyer and mortgage key helped me understand the process and explained everything to me, would recomme...
    valerie
  • Having been through this process a few times, my experience with MortgageKey was excellent. Leona spent the time to understand my requirements, which ...
    Amie
  • I can’t recommend this company enough. Claire was awesome in coming back to me with options and within 48hours I had a agreement in principle. Mort...
    A Patel
  • The whole process was smooth and we are very happy.
    Ian Jeavons
  • Amazing service they work hard to get you the best deal. Our case worker Leonie was fantastic. A service worth every penny. Highly recommended.
    Stephen and james
  • Fantastic service- simple to use and found us a great deal! Would highly recommend
    Sarah
  • I contacted you on line and found your service to be excellent, fast and efficient
    TAJDIN CHARANIA
  • Over the phone Application for Life insurance: agreeable member of staff, very professional, I was absolutely satisfied with the way this was conducte...
    Roxane Keabou
  • I found Linda to be highly efficient, focused & offered lots of time with explanation every step of the way. Linda worked to my pace & made herself a...
    customer
  • Very easy and accessible service. Excellent advice and knowledge. As a first time buyer the support was outstanding. The communication has been above ...
    Stephanie E
  • Fantastic service.
    Louise
  • Very friendly. Responded quickly kept us upto date all the time. Would recommend.
    Kathleen Walpole
  • Looking for a mortgage broker during the uncertainty of the pandemic was nerve-wracking. After contacting MortgageKey, I knew from the first call that...
    Roxane Keabou
  • Great service very helpful.
    Sar
  • Extremely happy with the service! Will use again!
    Amit Patel
  • Fantastic service, friendly and very helpful
    Helen Feeney

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