By working closely with FM2 Ltd , we are able to provide an unparalleled mortgage placement service.

The advisors at FM2 are highly trained, fully qualified experienced, fast and friendly and FM2 Ltd is authorised and regulated by the Financial Services Authority.

FM2 Ltd have access to a mortgage database containing over 50,000 products - updated daily and including the majority of known high-street lenders. So their advisors are able to quickly find a product to suit your individual requirements including:

The overall cost for comparison is 7.1% APR. The actual rate available will depend on your circumstances.

Most companies charge a fee for arranging a mortgage and if you want to find out how much you are going to be charged you should always ask in advance. FM2 may charge a fee for arranging a mortgage and a representative fee is £595.

If you have time, click here to fill out a: mortgage enquiry form (takes 5 mins) and we'll call you with an idea of products that fit your requirements. There is no obligation to accept anything but FM2 will try to find you a mortgage that you are happy with.

Credit problems?

If you've had credit problems or been turned down in the past - don't despair. We may still be able to help you.

Although a mortgage is usually used to buy the home, it is becoming much more popular to consider a new lender (where the property is already owned) to take advantage of a more competitive product or to raise capital for other purposes such as redecorating or building an extension.

The basic concept is a long-term loan which normally runs for a fixed period of typically 25 years. Most are now flexible and allow for early repayment or, if your situation changes, the term can be extended beyond the original fixed period.

The word 'mortgage' is really a legal term denoting the giving of certain rights over one's property to somebody else as security for a loan of money. However the term is now casually used as though it means a loan secured on property. Thus we say 'we got a mortgage on our house', when what in fact happened was that we received a loan and for security we 'gave' a mortgage on our house.

You can get a mortgage from anybody who has money to lend, ie. finance companies, banks and building societies.

Banks and building societies have two main functions, to provide a safe and easy to understand home for the savings of individuals and to on-lend the bulk of these personal savings to other private persons for the long term purchase of their homes.

Buying a house involves two kinds of expense. There are the 'one-off' costs of the actual purchase such as the valuation, legal expenses (conveyancing), arrangement fee and Stamp Duty if the property is valued over £125,000.

How is Stamp Duty calculated?

Stamp Duty is charged in three tiers.

Legal fees: are more costly for a house purchase compared to a remortgage because more work is required by the conveyancer such as the land registry needing to be updated with the new owner details. Legal fees can vary but a typical purchase can cost between £600 & £1200 for an average price property whereas a remortgage may only cost £300.

A valuation: will be required to confirm there is sufficient value in the property so it can act as security for the mortgage. Valuations are dependant on the value of the property but are usually paid for before the actual value is established. Lenders will use an approximate value to calculate the price.

Lenders arrangement fees: are charged by the mortgage lender to cover the cost of processing the application and can vary from £300 to £2000. Some arrangement fees are a percentage of the value so can be more expensive. (ie. 1.5% fee for £100,000 = £1500 or for £300,000 = £4500).

Make sure you always read and understand any information provided to you about the product you are considering applying for.

FM2 are based in Chandlers Ford in between Southampton and Winchester in Hampshire with easy access to London, Basingstoke, Newbury, Bournemouth and Portsmouth, although wherever you are in the UK you will still receive the best level of service.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

Creditmarket has also compiled a small list of known mortgage lenders for you to get an idea of the kind of products available. You can find out more about these mortgages and apply online, use the online comparison tool to compare a much wider range of lenders or submit an enquiry and talk to a professional.