0161 672 7575
- We compare mortgage deals from leading lenders
- Help from expert advisers
A remortgage is a great chance to save money or even raise some cash...
Finding the right deal doesn't have to mean searching around on your own. We do the work for you, comparing quotes from our panel of lenders to find the best deal for your needs.
- We’ll help you find the right buy-to-let mortgage deal
- Deals updated regularly
Finding the right buy-to-let mortgage deal is simple with Ocean...
Let us know what you're looking for below, and we'll search our panel of lenders for your best deal. Whether you're a landlord or just thinking about becoming one, we can help you find the right deal.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
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What type of mortgage should I choose?
If you want complete security that your monthly payments won't change for a certain period of time, a fixed-rate mortgage is probably best. If you would prefer a lower initial monthly payment and you're confident you could afford a change in the interest rate you're paying, a tracker or variable-rate mortgage may be better for you.
Fixed-rate mortgage payments are guaranteed to stay the same for the duration of the deal. So if you choose a 3-year fixed mortgage, you won't have to worry about your payments changing for three years. After that you'll start paying the lender's 'standard variable rate' (SVR) - or you could consider remortgaging to a new deal.
Tracker mortgages generally start with lower interest rates than fixed-rate deals, but the interest rate (and your monthly payments) could change. They could go down, but they could also go up.
Variable-rate mortgages are like tracker mortgages, but there are more factors that can affect whether the interest rate changes.
What does LTV % mean?
LTV stands for 'loan-to-value'. It tells you how much of the property's value you are able to borrow on a certain mortgage deal.
For example, a mortgage deal with 80% LTV means you could borrow up to 80% of the property's value. So if you're buying a property, you would have to provide the remaining 20% (your deposit).
Need more help understanding how much you can borrow? Call our expert advisers on 0161 672 7575.
Can I remortgage before the end of my current deal?
Yes, you can. However, with some types of mortgage, such as fixed-rate or tracker deals, you might have to pay an 'early repayment charge' (ERC) if you remortgage in the first few years.
If you're not sure how this might work out in practical terms, ask one of our expert mortgage advisers to help you.
I'm looking to buy a property - can I get a mortgage with a low deposit?
We can help you find mortgages with as little as 10% deposit. This can be ideal for people looking to buy their first home, or people whose house value has decreased.
Just remember that the bigger your deposit, the lower your mortgage rate could be.
Need more advice on finding a mortgage? Call our friendly advisers on 0161 672 7575. They'll be happy to help.
Ocean Mortgages arranges mortgages and re-mortgages from a panel of lenders. Ocean Mortgages will receive a commission from the lender upon completion. Ocean Mortgages charge a broker fee of between £495 to £1995 for advising and arranging a mortgage. This fee is only payable upon completion, is non-refundable and dependent on the product taken. Mortgages available subject to status. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.