we are committed to finding you the right mortgage
Our Mortgage Consultants are here to help you every step of the way through the mortgage maze, beginning with the application forms through to finding the right mortgage for you, one that will suit your needs and financial requirements - we'll help you do it all.
With our professional advice and access to a panel of selected lenders - we're sure we can help you, whether you are a first-time buyer, a seasoned property mogul, wanting to move up the property ladder or even just remortgaging.
more help for you... we have a selection of free guides to help you with your mortgage requirements and how we can help you. Simply download the relevant guide below:
The period of an introductory or discount interest rate on a mortgage. The initial rate period varies by loan type and can be as short as one month or as long as several years.
Fixed. A fixed mortgage is where the interest rate is fixed and will not change for a specific period, usually between 2 and 5 years. During this period the interest rate is usually discounted from the lenders standard rate. This is known as the discount period.
Tracker. The rate of a tracker mortgage is linked to a fixed economic indicator – usually the Bank of England base rate. This doesn't mean it's the same as the base rate, just that the rate moves in line with it. This means the rate can go up, or down. The tracker rate can be discounted and under this circumstance the discount will apply for a specific period, usually between 2 and 5 years.
Standard Variable Rate (SVR). This is the lenders standard rate. This will always be higher than the discount rates for some Fixed and Tracker products as the rate is usually linked to the Bank of England's base rate movements and is typically 2 to 5 percentage points above this base rate. The SVR is the rate that most borrowers end up on after the end of an incentive period such as a two-year fix or two-year discounted rate.
The period of time in months to which the discount rate would apply. SVR products and some Fixed and Trackers do not have a discount period and as such the initial rate period would be 0.
The maximum Loan to Value (LTV) is the maximum a lender will lend you against the value of your property. This is calculated by dividing the loan amount by the house value. For example, if the maximum LTV is 80% and the property value is £100,000 then the maximum loan permitted would be £80,000.
The initial monthly payment, this may be the discounted rate and will only apply for the initial rate period.
Whether the lender charges a fee to arrange the mortgage
This is the Annual Percentage Rate of Charge (APRRC). A lender is always required to quote the APRC when advertising a loan or borrowing rate. It is a standard interest rate calculation designed to reflect the total amount of interest that will be paid over the entire period of the loan.
reasons to choose our mortgage services...
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protecting your property
We offer advice on insurance products designed to ensure that even if you are too ill to work or in the event of your death, you still have the funds to keep your home for your family. We can also arrange buildings and contents insurance for you, to protect your home and your belongings.
On request, we can refer you to a specialist Consultant to provide you with advice on additional products that can be designed to provide a lump sum or income for you and your family. These products are designed to help you and your family to maintain your current lifestyle in the event of ill-health or death before your selected retirement age.
Our specialist advisers can tailor a solution to meet your individual circumstances.
Our products and suppliers are - Ageas Insurance Limited for Buildings and Contents Insurance and Aviva for Term Assurance, Critical Illness Cover and Income Protection.
help to buy?
No problem, we work with lenders who’ve been arranging Help to Buy mortgages for years.
Find out more about (You are about to leave the website of Brown & Merry and view the content of an external website. Brown & Merry cannot be held responsible for the content of external websites)
Help to Buy here
you'll gain access to myaccount
Keeping an eye on where you are with your mortgage and insurance transaction has never been easier with myaccount. With myaccount you'll gain access to key tools, guides and monitor your milestone markers to see how your transaction is progressing and much more!
what our mortgage customers say...
We love hearing what our customers have to say about our service, we use an independent review company Feefo to find out what our customers think - take a look for yourself...
Absolutely excellent yasser pulled out all of the stops and got us a great deal for our mortgage. Helped out so much and was always available to talk. The team in general were great also. Very good experience with the shipways team
Mr Clark and his colleagues were very interested in our case. Really kind and helpful, experienced and careful with our needs.
For 2 years we were trying to get the appropriate mortgage advisor and proper house for us
A struggle until we’ve met them!
Many thanks all
Always will recommend you 🙏
Laura helped us find out first mortgage almost 5years ago. She was professional, helpful, made the whole process easy and understandable. We contacted her recently ahead of our fixed term ending. Within 2days we had our new 5year fixed processed and agreed. She is brilliant and so easy to work with. Has the clients best interest at heart, is super knowledgeable and makes what can be a stressful process not stressful. Highly recommend her.
James kept us very informed throughout the application process
Very helpful and always at hand to offer their services
Would definitely recommend this service. We have been dealing with James, he’s very friendly and has made the start of the process less stressful and run smoothly!
Fast and efficient service, the staff are friendly and helpful 😀 👍 👌 😊
Fantastic service. Carla explained everything to me very clearly. Went through different options based on my circumstances. I would highly recommend Shipways Mortgage Services.
James has been fantastic, he’s has kept us up to date through the process, helped us make sense of each step and has gone above and beyond to source the best deal available to us. All the support and hard work is massively appreciated
Robyn has been great, took the time to understand what we need and took us through the affordability process with ease.
She has been very responsive and able to give guidance when asked.
The reason for only the 4 is not to do with Robyn, I feel the fact the business take far to high a value from the customer as there is already a significant kick back from the mortgage provider. Offering a life time fee is all well and good if you take a mortgage every few years. We have taken a 10 year option to charge the same rate is over the top.
Amazing, listened and really genuinely passionate about helping.
Always helpful and happy to help! Made the journey really easy
Because the advisor was nice to us, she helped us get products we can afford and tell us the advantages and disadvantage
She is very good to us. She answered all the questions we asked. She explain everything and help us with insurance policy and and the will how important it is.
I would recommend this service to all my friends and family.
Great service provided by Shipways Harborne!
Barry Joseph,Kellie Holtom, Hannah and everyone working there thank you for being such professional,kind and helpful!
John was brilliant, friendly, knew his information. He listens to what you wanted and gave me all the information and different options.
Made it so easy, I felt in safe hands and got the mortgage best suited to my needs.
I'd defiantly recommend and go back to every time.
Our Mortgage Advisor Harry Hargun was excellent. Very thorough, professional and explained all our options.
Once again Mr Jonathon Wright sorted out my buy to let remortgage with his usual professional style and no fuss.I have been using his mortgage services for approx 20 years now and have always found him helpful and proficient.
Jonathon was friendly, knowledgeable and most of all he put us at ease and made the whole process stress free.