A Mortgage Shrinker, a famous term made famous by the TV adverts is another term for an offset mortgage. This is a special type of mortgage that allows you to link your current account
A mortgage shrinker is also known as an offset mortgage – a special type of mortgage that allows you to link your current account or a separate savings account to your mortgage repayments. Click below for mortgage shrinker quotes and advice:
 

Numerous deals come with a Mortgage Payment Holiday facility. This is where a break in monthly mortgage repayments is allowed either at your request or as long as conditions have been met.

Mortgage Payments Holidays can be of great relief if your situation changes or if you have a change in financial circumstances.

Typical reasons for payment holidays are

Childrens Education

Maternity Leave

Wedding Expenses

Business Issues

Change of Employment

Tax Bill

Having the right mortgage insurance can help prevent you from financial disaster or sickness preventing you from working thus preventing you from paying your mortgage.
At Compound Mortgage Services, we can provide you with mortgage insurance to provide you with protection.
We can also assist you with Mortgage Payment Protection Insurance.
As there are numerous types of mortgage protection typical mortgage protection could provide you with;

As Whole of market mortgage brokers, we also operate as a mortgage finder and can help you locate a particular mortgage you may have heard of.  In the Free Mortgage Broker section of the site, you can compare the whole of the mortgage market alternatively, you can fill out the form and one of our mortgage finders will be in touch with you to find you the best deal.
We offer a high speed mortgage service so feel free to get in touch to find ing you the right deal.
 

We know everyone wants a low rate mortgage but the truth is depending on what you call “low rate” not everyone can!  The deal you get regarding low rate mortgages is down to your credit rating as if lenders believe that there is a chance of you defaulting on the agreement, they will charge you a higher rate to mitigate risk.

With the credit crunch and lack of credit available many lenders are being stricter with who they offer their low rate mortgages to.

As a way of luring in new customers, many of our whole of market mortgage panel, offer mortgage deals with low set up costs.
Lenders may offer incentives such as a free mortgage valuation, free conveyancing fees a low or no product fee(also known as arrangement fee).
Various lenders whether banks or building societies offer these low cost mortgage deals as a way of attracting new business as everyone likes to save money where they can.
Some mortgage lenders also offer cashback deals where a specified amount of cash is paid to the applicant on completion.

A Lifetime Tracker mortgage is one that tracks the Bank of England base rate for a certain percentage for the lifetime of the mortgage loan. 
A Lifetime tracker deal may be beneficial at times of low interest rates but at times of high interest rates you may end up with a large monthly payment for your mortgage.
Lifetime tracker deals usually offer some level of flexibility with common features including an overpayment facility with the ability to make overpayments on your mortgage without incurring additional penalties.
 

If you have had financial difficulties in the past and have had an IVA, getting an IVA mortgage is something we can assist you with at Compound Mortgage Services.  Although you usually keep your home with an IVA, creditors may impose numerouse conditions on how some of the equity in your home will be paid back.

If you are currently involved in an IVA getting the best mortgage or remortgage deal is essential to ensure that you are saving as much money as you can instead of overpaying on interest rates.

Although HIPS( Home Information Packs) have been around for a few years, as of 6th April 2009, all property sellers must have a HIP in place available to prospective purchases prior to marketing the property for sale.

Flexible mortgages are usually suited to people who have managed a mortgage before.  The term flexible means the ability to make overpayments, underpayments and sometimes the ability to borrow back against overpayments.
They also allow payment holidays.
For more information on our numerous flexible mortgage deals give us a call and a mortgage adviser will be in touch.