Mortgage experts

Mortgage advice in Ballymena & Antrim that's as safe as houses

Speak to us today for intelligent & qualified mortgage advice in Ballymena & Antrim

40+ Years of Mortgage Success

Ross at Mortgage Options ni has been helping clients realise their dreams of owning their own home since 1980.

Our client for life philosophy

We search the whole market to ensure we find the right mortgage for you and continue to monitor the marketplace for opportunities

We can help with the entire process

We take the stress out of buying a home by advising on the legal side and setting up any insurance you may need.

Who we are

We're Not Tied to one bank or Lender.

Mortgage Options ni have been Independent mortgage brokers for over 40 years. We have been helping people from Ballymena, Antrim, Randalstown and Ballyclare to find the best mortgage deals available on the market – not just from a single provider. We take the stress out of buying a home by advising on the legal side and setting up any insurance you may need.

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did you know

Useful Information

If you’re a first-time buyer, there are a few things you need to know. For one thing, the maximum loan-to-value (LTV) for mortgages in Northern Ireland is 95%. This means that you can borrow up to 95% of the value of the home you’re buying. There are also some special mortgage products available just for first-time buyers.

What we offer

We offer a wide range of financial services

Find out more about our services below:

First Time Buyer

The first step is to contact us and we will advise you on the mortgage options available to you.

Moving Home

You first need to know what your total available funds are and then subtract the cost of moving home.

Remortgage

We will work with you to check the terms and conditions of your existing mortgage.

Interest Only

Most lenders will look at any sound investment to use as a payoff vehicle. Investments are accepted.

Buy to Let

Although the perception is that buy to let mortgages are expensive, this isn't necessarily correct.

Co-Own

You buy the share that you can afford, between 50% and 90%, and we cover the rest.

Repayment

A repayment mortgage is the option that most borrowers opt for, as opposed to interest only.

Insurance

We offer our customers life insurance or income protection, choose what is best for you.

Stamp duty and survey fees may have to be paid.

Choosing the right sort of mortgage to meet your needs and circumstances can seem a bit overwhelming. There are many different types to choose from, all meeting the needs of different types of borrowers. The good news is that we’ll be on hand able help you, explaining what’s on offer, what the key features are, and what type of mortgage best meets your individual circumstances.

It is difficult to choose the right mortgage for your future home with thousands of different options available and each lender having different requirements and rules. We help you find the best mortgage for your budget, unique circumstances and needs and provide expert unbiased advice and guidance.

We will also provide you with different options to make sure you can still afford your monthly mortgage payments in case rates start to increase.

Grandparents putting coin into moneybox, economy for nest egg, pension, mortgage loan at home
Why choose us

We are experts in the industry

We help you find the best mortgage for your budget, unique circumstances and needs and provide expert unbiased advice and guidance.

Certified Expert

We provide our services to suit you, whether face to face, telephone or email.

Trusted Company

We search the whole market to ensure we find the right mortgage for you.

High Qualitty

We continue to monitor the market place and will keep you updated on opportunities.

24/7 Support

We provide advice on Second Charge loans as well as insurance options available.

Meet Our Team of expert advisors

It’s our team work that makes your dream work!

Owner

Ross Bennett

Managing Director

Photo of Anne

Anne Bennett

Managing Partner

Reviews

What our customer say

FAQs

Frequently Asked questions

Below are some of our most popular questions

The LTV ratio is the percentage of a property’s value that can be borrowed through a mortgage. This is usually between 70% and 90%, although some lenders may allow a higher LTV ratio.

The deposit you need to put down will depend on your LTV, so if you want an LTV of 80%, then this means that 20% must be covered by the borrower’s own funds (or ‘deposit’). This is called the borrower’s equity.

A fixed-rate mortgage offers borrowers a set interest rate for the entire duration of the fixed term. This can be helpful.

The interest rate on a mortgage is the percentage of the loan that you have to pay back in addition to the original amount borrowed. So, if you borrow £100,000 over 25 years at an interest rate of 0.75%, then your monthly repayment will be around £400 (plus an additional amount for insurance cover). Mortgages are generally repaid in monthly instalments, over a period of time called the ‘term’ which can last between five years and 40 years. The longer the term, the smaller your repayments will be – but the more interest you’ll have to pay, since it will accrue over a longer period.

There are a range of different mortgage products available on the market, each with its own advantages and disadvantages. Here are some of the most common types:

– repayment mortgages: these require borrowers to pay back both the original loan amount and the interest accrued over that time. This is the most common type of mortgage product

– interest-only mortgages: these allow borrowers to repay only the interest on the loan each month, and not the actual loan amount. This can be helpful in reducing monthly payments, but remember that you’ll still have to pay back the original loan amount at some point. This may be beneficial to higher rate tax payers. They could use the money saved to fund a pension which they will get higher rate tax relief. They could then use the tax free element (25%) to pay off the capital.

– fixed rate mortgages: as mentioned earlier, these offer borrowers a set interest rate for the duration of the fixed term. This can be helpful in budgeting, as you’ll know exactly how much your monthly payments will be

– variable-rate mortgages: as mentioned earlier, these have a floating interest rate which goes up and down in line with prevailing market rates. This can be risky if rates rise significantly, but it also offers the potential for savings if they fall. Monthly payments on a variable mortgage will also change accordingly

It’s important to remember that no matter what type of mortgage you choose, any outstanding debt will still need to be paid off in full at some point – usually when your home is sold.

A mortgage is a type of loan which allows you to purchase a property, by borrowing money from a lender and then repaying the debt over time. The amount that you can borrow will be based on your income and credit score, as well as the value of the property itself.

Mortgages are usually repaid in monthly instalments, over a period of time called the ‘term’ which can last between five years and 40 years. The longer the term, the smaller your repayments will be – but the more interest you’ll have to pay, since it will accrue over a longer period.

The interest rates on mortgages have been slowly rising over the past few months, and are predicted to continue doing so in the coming year. This means that now might be a good time to lock in a fixed-rate mortgage, if you can find one with a good deal.

Your broker will be able to help you find the best mortgage product for your needs, taking into consideration all of these factors and more.

The ‘best’ mortgage rate is not necessarily the lowest one available. A low-interest rate may seem appealing at first glance, but remember that this means higher monthly payments;

You need to find one which is right for you, based on how much money you want to borrow and the length of time over which it will be repaid.

Mortgages are usually quoted in terms of “APR” or annual percentage rate – this figure tells us what interest rate (plus other fees) a lender charges when lending– it depends on what you’re looking for.!

Your mortgage broker will be able to help you find the best mortgage rate for your needs, based on your budget and timeframe.

An interest-only mortgage allows borrowers to repay only the interest on the loan each month, and not the actual loan amount. This can be helpful in reducing monthly payments, but remember that you’ll still have to pay back the original loan amount at some point.

It’s important to remember that no matter what type of mortgage you choose, any outstanding debt will still need to be paid off in full at some point – usually when your home is sold.

A variable-rate mortgage offers borrowers an interest rate that changes over time, either upwards or downwards depending on market conditions. This can be risky if rates rise significantly, but it also offers the potential for savings if they fall. This is usually linked to the base bank rate.

A tracker mortgage offers borrowers an interest rate that follows Bank of England base rates. This can be helpful as it reduces the risk of interest rate rises – but remember that you’ll still have to pay back any outstanding debt at some point.

A mortgage calculator can be a helpful tool in figuring out how much you can afford to borrow, and what your monthly payments will be. You can find several online calculators by doing a quick Google search.

Your broker will also have access to mortgage calculators which can help you figure out the best product for your needs..

How much deposit do I need for a mortgage?

The amount of the deposit you’ll need to provide will vary depending on your circumstances and lender requirements, but it can be helpful in reducing monthly payments by low

Yes – there are many lenders who offer mortgages to borrowers with less-than-perfect credit scores. However, the interest rates you’ll be charged will be much higher than those offered to borrowers with good credit, and you may also be required to provide a larger down payment.

It is worth remembering that an independent mortgage broker has access to products that are not available direct to the public.

When you visit a broker you will need the following.

  • Identity. Driving licence or passport.
  • Three months payslips and three months bank statements

If you already have mortgage and wish to remortgage you will need your last mortgage statement with you. You do not want to be showing payday loans or gambling amounts on your statement as lenders tend to look down on this.

You can of course go to your bank for a mortgage. Your bank may have three or four mortgage deals to offer you. These deals may not suit your purpose or your particular situation.

By trusting a mortgage broker it opens the gateway to some 72 lenders and 13,000 mortgage deals. You will find that the people who work in banks generally go to a broker for this reason.

A good credit score for a mortgage is anything over 700. This will ensure that you get the best interest rates and terms available, as well as qualify for larger loan amounts.

If your credit score is lower than this, don’t worry – there are still options available to you, but you may have to pay a higher interest rate or accept a shorter term.

People always ask how long does it take to get a mortgage. How long is a piece of string? It depends on a variety of things like, do you have your last three payslips, last three bank statements and are you on the voters role. Is your credit history in good order. All these things help speed up the process. But, generally speaking, two to three weeks if everything is in order.

Blog Posts

Useful Information

FIRST TIME BUYERS INFORMATION

As a first-time homebuyer, there are several important pieces of information you should be aware of to make the process smoother and more successful. Here

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