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Ocean Mortgages is a trading style of Ocean Finance and Mortgages Limited who are a licensed credit broker. Consumer Credit License Number 550081.

MORTGAGE CALCULATOR
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0800 916 9186
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7 Days a Week

Questions or Queries...

• How Much Can I Borrow?
• Over What Period Can I Take My New Mortgage Over?
• Am I Under Any Obligation By Filling In The Enquiry Form?
• Can You Offer A Scheme Whereby My Repayments Can Be Met In The Event Of Involuntary Unemployment, Being Ill Or Involved In An Accident?
• Can you help me buy my council house?
• What APR will I be charged?
• Can I Borrow 'more' Than Is Required To Pay Off My Current Mortgage?
• Will You Charge Me A Fee For Arranging My Mortgage?
• Do I Have To Pay For A Valuation On My House, Or Legal Fees To The Solicitors?
• What If I Want To Pay Off My New Mortgage Earlier Than Expected?
• How Long Will It Take For My Mortgage To Complete?

HOW MUCH CAN I BORROW?
Ocean are able to offer mortgages from £5,000 up to £750,000. The actual amount available to you will depend upon your circumstances, but we can often lend up to 95% of the current value of your home. View the Mortgage Calculator to see payments.

OVER WHAT PERIOD CAN I TAKE MY NEW MORTGAGE OVER?
Most of our plans are available from 10 year to 30 year terms and we will find the one most suitable one for your circumstances. We are also able to offer terms from just 5 years for smaller mortgage amounts (usually when you borrow less than £25,000 in total). View the Mortgage Calculator to see payments.

AM I UNDER ANY OBLIGATION BY FILLING IN THE ENQUIRY FORM?
No, you are under no-obligation whatsoever by asking us to find a mortgage to suit your requirements. We will recommend a mortgage product to you, it is up to you to decide if you are happy to proceed with it or not. Go to the Enquiry Form.

CAN YOU OFFER A SCHEME WHEREBY MY REPAYMENTS CAN BE MET IN THE EVENT OF INVOLUNTARY UNEMPLOYMENT, BEING ILL OR INVOLVED IN AN ACCIDENT?
Yes, Ocean offer insurance cover to protect you in the event of the above instances. Please read our guide to 'Protection Products' if you require more details and then indicate on the enquiry form if you wish us to discuss this with you further. Once again by ticking that 'YES' you may be interested in protecting your payments, you will not obligated to take it out. Please refer to Protection Products.

CAN YOU HELP ME BUY MY COUNCIL HOUSE?
This is commonly known as your "right to buy". For no obligation help and advice with this process please complete our short enquiry form or call us on 088 916 9186 for free information

CAN I BORROW 'MORE' THAN IS REQUIRED TO PAY OFF MY CURRENT MORTGAGE?
When you replace your mortgage you may well want to borrow more than the amount required to pay off your current lender. This is very common and at Ocean we aim to be as flexible as possible. So, you can use the extra money for virtually any purpose including, Consolidation of Current Credit, carry out some Home Improvements, buy a Newer Car or even take an overdue Special Holiday.

WILL YOU CHARGE ME A FEE FOR ARRANGING MY MORTGAGE?
There is a fee payable, but only upon satisfactory completion of your mortgage. This is restricted to 3% (maximum) of the amount you borrow. If you do not get your new mortgage, then you will not have to pay any fees at all. Furthermore you will not be expected to pay any upfront fees for our services and we will not charge you any legal or valuation fees.

DO I HAVE TO PAY FOR A VALUATION ON MY HOUSE, OR LEGAL FEES TO THE SOLICITORS?
No, Ocean Mortgages will meet all of these and any other associated costs for you.

WHAT IF I WANT TO PAY OFF MY NEW MORTGAGE EARLIER THAN EXPECTED?
You can, of course, pay off your mortgage at any time. Some early repayment charges may apply depending on the lender you are with and when you redeem the account. Full details of any such charges will be detailed to you in writing before your new mortgage completes.

HOW LONG WILL IT TAKE FOR MY MORTGAGE TO COMPLETE?
The whole process takes approximately 4 weeks from receipt of your enquiry form to completion. This is dependant upon a number of factors, including how quickly you supply us with any documentation required. If you need to speak to your Ocean Mortgage Adviser during the process they can be reached on 0870 608 5000. For contact times, please consult the 'Contact Details'.

Please bear in mind that as we provide mortgage advice we will need to establish which product is most suitable for your needs and individual circumstances. We will do this by completing a 'FACT FIND' with you over the telephone. This will take between 30 and 45 minutes. We will call you AFTER receiving your enquiry form, to carry this out at a convenient time for you. You will not be expected to pay for this call.