Finance and Mortgages
It is sometimes difficult to work out the mortgage option that best suits you. There are floating, fixed and capped mortgages where interest and principal are usually paid. Interest only mortgages are often used for commercial loans though residential packages often allow for these too.
If you think that interest rates will rise then a fixed rate mortgage might be best. You will know precisely what your instalment payments will be and you can budget around this.
If you think that interest rates might fall, but you're not sure when, then a capped rate may suit. This will probably have a slightly higher rate of interest than the fixed option. Capped rate mortgage have an upper interest rate limit but no lower rate. When interest rates fall this directly benefits your loan. Many people elect to leave their repayments the same if this happens thus reducing the overall interest bill and the term of the mortgage.
A floating rate mortgage means that rates float with the market - up and down.
Broadbase can help with a wide range of finance and mortgage requirements. We will prepare your application and submit it to a range of lenders to obtain the most attractive offer. We will liaise with your other professional advisers so that the overall arrangements best suit your needs.