Mortgages - An Overview

Hello everyone and welcome to the Mortgage Mastery!

Whether you’re buying your first or next home, thinking about switching your current mortgage, looking to raise money on your home or just trying to understand how mortgages work — you’re in the right place.

We know mortgages can sometimes feel overwhelming. There’s jargon, paperwork and of course, a lot of money involved. 

But it doesn’t have to be confusing. 

In the next few minutes, we’ll walk you through how this part of the portal can help.

Firstly, what exactly is a mortgage?

A mortgage is simply a loan you take out to buy a home or a property.

You borrow the money from a lender — usually a bank or a building society — and then you repay it over time, with interest.

The key thing to understand is that the loan is secured against the property. You’re essentially using your home as security for the loan. That means if you can’t keep up with the repayments, the lender has the right to repossess the home. 

So naturally, choosing the right mortgage — and understanding how it works — is so important.

For most people, a mortgage is the biggest financial commitment they’ll ever make in their lives.

The mortgage decisions you make now can have an impact not only in the short-term, but for years to come. The choices you make will affect how much your monthly payments are, which will then affect how much disposable cash you have each month. 

Not only that but your choices will affect your total cost over time, including how much interest you pay over the life of the loan, and even your ability to move house or borrow money in the future.

So clearly, getting it right — and having good guidance — really matters.

Of course, we appreciate that not everyone here is starting from the same place.

You might be a first-time buyer wondering how much you can borrow, how big your deposit needs to be, or what sort of rates you can get.

You might already have a mortgage and be coming to the end of a deal — looking to remortgage to a new lender, or switch to a better rate with your current lender.

You might be self-employed and wondering what documentation you need, you may have credit issues and be wondering if you can obtain a mortgage, or you may need to borrow more for home improvements.

Whatever your situation - no matter how unique - there are usually options out there in the marketplace.

Very often, comparison sites only give a small flavour, but fortunately, you’re in good hands with Finance Happy and this section of the portal - and our team - are here to help you understand them.

Our goal is to break everything down into plain, simple language — no jargon, no pressure, and of course no pitch.

We’re not trying to force you to take a morXXX

We’re impartial. Remember although our team are fully qualified mortgage and financial advisers, we’re not here to “advise” you. We’re here to help you and guide you to arrive at a decision. 

In Mortgage Mastery, you’ll find clear articles, guides, videos to help you. 

And should you have any questions or would like to speak to our team or an advisor, you can always use the portal dashboard to contact us or use LiveChat.

You don’t have to figure it all out on your own!

And you don’t need to rely on comparison sites for tidbits of information and you don’t need to submit your info to be called by an adviser just to find out some information. 

This section is designed to give you clarity and confidence with mortgages, no matter what stage you’re at.

So — feel free to dive into the articles and videos that match your current situation.

And if you’ve got questions, you can always reach out through the portal or chat to one of our trusted advisers.

We're here to help you feel more confident, more informed, and more in control of your mortgage decisions. And if you feel or we feel that speaking to an adviser is the right move, we’ll let you know and we can arrange that for your with one of our independent and impartial partners.

Let’s get started!