Howard Mortgages

Howard Mortgages Local Award-winning, friendly advice for all of your Mortgage, Protection & Insurance needs http://www.howardmortgages.co.uk Marychurch, Torquay, TQ1 4PR.
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With offices in Torbay, Exeter, Teignmouth & Bristol, we’ve got the Southwest covered and can service customers throughout the whole of the UK. Our team of expert mortgage advisers are on hand to provide you with tailored mortgage solutions that fit. We’re known for our excellent service that gives customers a simple and cost-effective process. Service should be seamless so we make sure our custom

ers work with the same expert mortgage adviser from start to finish. Our mortgage advisers provide straight-talking mortgage advice – whether you’re a first-time buyer, remortgaging, buying to let, or simply buying a new home, they’re there to work out what’s most suitable for you. Dedicated case managers handle every aspect of the process, from form filling to chasing things up. Howard Mortgages have won both local and national awards for advice and service. Please browse our website and check out our blog page for latest news. Do be aware, it is not always the cheapest rate is the best deal, so give us a call today and we can discuss with you the most suitable options for YOU. Howard Mortgages is a trading style of (UK) Howard Financial Limited an appointed representative of Quilter Financial Services Limited which is authorised and regulated by the Financial Conduct Authority. Registered address: 1, The Old Bank Chambers, Fore Street, St. incorporation number 08640589 Registered in England & Wales. Learn more: http://www.howardmortgages.co.uk

Call us today: 01803 554455

Most buy-to-let mortgages are not regulated by the Financial Conduct Authority
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE.

We are exhibiting at the EXPO for Business, Tourism & Hospitality, Riviera Connect.Come and meet us on our stand, Wednes...
07/09/2026

We are exhibiting at the EXPO for Business, Tourism & Hospitality, Riviera Connect.

Come and meet us on our stand, Wednesday 07 October at the Riviera International Centre, Torquay.

Book your visitor pass! 👇🏼
www.riviera-connect.co.uk

When looking at a mortgage, it’s easy to focus on the interest rate and monthly payment. But the length of the mortgage ...
04/09/2026

When looking at a mortgage, it’s easy to focus on the interest rate and monthly payment. But the length of the mortgage can make a significant difference too.

A longer mortgage term can reduce the monthly repayment, which may help with affordability. However, because the borrowing is being repaid over a longer period, it can also mean paying more interest overall.

A shorter term may mean higher monthly repayments, but potentially less interest paid across the life of the mortgage.

There’s no single term that’s right for everyone. Income, age, future plans, other financial commitments and how comfortable the monthly repayments feel can all play a part.

Understanding the difference between the monthly cost and the total cost of borrowing can help you see the bigger picture when considering your options.

If you have a mortgage, you may have the option to pay a little more than your required monthly payment.Mortgage overpay...
01/09/2026

If you have a mortgage, you may have the option to pay a little more than your required monthly payment.

Mortgage overpayments can reduce the outstanding balance more quickly, which may mean paying less interest overall and potentially shortening the mortgage term.

However, the rules vary between mortgage products. Some lenders allow a certain amount to be overpaid each year without charge, while others may apply early repayment charges or other restrictions.

It’s also worth considering the bigger financial picture. Keeping money accessible for emergencies, paying off higher-interest borrowing or contributing towards other financial goals may sometimes take priority.

Before making additional payments, check the terms of your individual mortgage and consider what works for your circumstances.

When looking at a mortgage, it’s easy to focus on the interest rate and monthly payment. But the length of the mortgage ...
30/08/2026

When looking at a mortgage, it’s easy to focus on the interest rate and monthly payment. But the length of the mortgage term can also make a significant difference.

A longer mortgage term can reduce the monthly repayments, which may help with affordability. However, because the borrowing is being repaid over a longer period, it can also mean paying more interest overall.

A shorter term will usually mean higher monthly repayments, but potentially less interest paid across the lifetime of the mortgage.

There isn’t one mortgage term that suits everyone. Age, income, affordability, future plans and the type of mortgage can all play a part.

Understanding the difference between the monthly cost and the overall cost can help give you a clearer picture when considering your mortgage options.

If your current mortgage is on a fixed rate, it’s worth understanding what happens when that fixed period comes to an en...
27/08/2026

If your current mortgage is on a fixed rate, it’s worth understanding what happens when that fixed period comes to an end.

Unless another mortgage deal is arranged, you’ll usually move onto your lender’s Standard Variable Rate (SVR). This rate can be higher or lower than your existing rate and, unlike a fixed deal, your monthly payments may change if the lender changes its SVR.

Before the end of a fixed term, it can be useful to understand:

- When your current deal expires.
- What your outstanding mortgage balance will be.
- Whether any early repayment charges apply.
- What your lender’s existing customer options are.
- How those compare with other available mortgage products.

Reviewing these details in advance can help you understand your options and how different interest rates could affect your future monthly repayments.

Home insurance can sometimes feel like another box to tick when buying a property, but it plays an important role in pro...
26/08/2026

Home insurance can sometimes feel like another box to tick when buying a property, but it plays an important role in protecting what is likely to be one of your biggest financial commitments.

There are two main types to understand:

Buildings insurance covers the structure of your home against risks such as fire, flooding and storm damage. If you’re buying with a mortgage, your lender will usually require suitable buildings insurance to be in place.

Contents insurance covers the belongings inside your home, such as furniture, electrical items and personal possessions. While this isn’t normally a mortgage requirement, it can provide valuable protection if your belongings are damaged, lost or stolen.

It’s worth checking the level of cover carefully rather than simply choosing a policy based on price. Excesses, exclusions, maximum claim limits and optional extras can vary considerably between providers.

And if you already have home insurance, remember to review your cover regularly. Changes to your home or the value of your belongings could mean your existing policy no longer reflects what you need.

You may have seen the term LTV when reading about mortgages, but what does it actually mean?Loan-to-value (LTV) is the p...
24/08/2026

You may have seen the term LTV when reading about mortgages, but what does it actually mean?

Loan-to-value (LTV) is the percentage of a property’s value that you’re borrowing through a mortgage.

For example, if a property is worth £250,000 and the mortgage is £200,000, the LTV would be 80%.

Why does it matter?

LTV is one of the factors lenders use when assessing mortgage applications and determining which products may be available. Generally, a larger deposit or more equity in a property means a lower LTV.

For existing homeowners, your LTV can also change over time as you repay your mortgage or if the value of your property changes.

It’s a simple percentage, but an important one to understand when learning how mortgages work.

If your fixed-rate mortgage is coming to an end, it’s worth understanding what happens next.When a fixed deal expires, b...
21/08/2026

If your fixed-rate mortgage is coming to an end, it’s worth understanding what happens next.

When a fixed deal expires, borrowers will usually move onto their lender’s Standard Variable Rate (SVR) unless another mortgage arrangement is put in place.

An SVR can be higher or lower than the rate you’ve been paying, and unlike a fixed rate, it can change over time. This means your monthly mortgage payment could change too.

Before a fixed deal ends, it can be useful to understand:

- When your current deal officially finishes.
- Whether any early repayment charges still apply.
- What rate you would move onto afterwards.
- What alternative mortgage products may be available.
- How different interest rates could affect your monthly repayments.

Mortgage products and lending criteria can change, so understanding your options ahead of time can help you make an informed decision about what happens next.

When applying for a mortgage, it’s easy to assume that your income is the main factor a lender considers. In reality, af...
19/08/2026

When applying for a mortgage, it’s easy to assume that your income is the main factor a lender considers. In reality, affordability assessments look at a much wider financial picture.

Depending on the lender and the application, this can include:

- Your income and how it is earned.
- Regular household expenditure and financial commitments.
- Existing loans, credit cards and other borrowing.
- Your credit history.
- The size and source of your deposit.
- Your employment status and history.
- The type and term of mortgage being considered.

Lenders also have their own affordability calculations and criteria, which means the amount one lender may be prepared to offer can differ from another.

Understanding the different factors involved can help explain why mortgage affordability isn’t always as simple as multiplying your salary by a set figure.

When saving to buy a property, it’s natural to focus on building your deposit. But the deposit is only one of the costs ...
18/08/2026

When saving to buy a property, it’s natural to focus on building your deposit. But the deposit is only one of the costs that may need to be considered.

Depending on your circumstances and the property you’re purchasing, there could also be costs associated with:

- Solicitors and conveyancing.
- Surveys.
- Mortgage or valuation fees.
- Stamp Duty, where applicable.
- Moving costs.
- Buildings insurance.
- Initial repairs, decorating or furnishings.

Having money set aside for these additional expenses can help give you a more realistic picture of the overall cost of moving home.

It’s also worth being cautious about using every penny of your available savings towards the purchase. Keeping an emergency fund after moving can provide some financial breathing room if an unexpected expense appears.

Buying a home is about more than reaching a deposit figure, understanding the wider costs can be an important part of preparing for the move.

Address

1 The Old Bank Chambers, Fore Street, St Marychurch
Torquay
TQ14PR

Opening Hours

Monday 8am - 6pm
Tuesday 8am - 6pm
Wednesday 8am - 6pm
Thursday 8am - 6pm
Friday 8am - 6pm
Saturday 10am - 4pm

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