News

With mortgage rates available below 1%, don’t delay moving

Monday 6 December, 2021

Our Thomas Oliver mortgage brokers can save you time and money as we can review the best mortgage products available in the mortgage market and find you the lowest mortgage rate.  

The mortgage options below represent the lowest mortgage rates we have offered all year, so if you’re thinking about moving now might be a good time to contact our mortgage brokers for mortgage advice.  

If you want to move this winter, review our mortgage options. Please note that these rates may not be available when you enquire, but our mortgage brokers available on 01707 872000 can identify the best mortgage solution for your circumstances.  


Mortgage Option 1

£150,000 loan with a 25-year term

Fixed rate of 0.99% until 31.01.24

Monthly Payment £123.75

Early repayment charges will apply until 31.01.24
The overall cost for comparison is 4.5% APRC

For an interest only mortgage you would pay 26 payments at a cost of 0.99% with monthly payments of £123.75, followed by 274 payments at a variable rate which is currently 4.74% with monthly payments of £592.50 Total amount payable £319,013.

The illustration is based on an interest only mortgage.


Mortgage Option 2

£200,000 loan with a 25-year term

Fixed rate of 0.99% until 31.01.24

Monthly Payment £165.00

Early repayment charges will apply until 31.01.24
The overall cost for comparison is 4.5% APRC

For an interest only mortgage you would pay 26 payments at a cost of 0.99% with monthly payments of £165.00, followed by 274 payments at a variable rate which is currently 4.74% with monthly payments of £790.00. Total amount payable £425,265.

The illustration is based on an interest only mortgage and is available until 24th November 2021.


Thomas Oliver provides mortgage advice for the following services:

  • Mortgages
  • Remortgages
  • Product Transfer
  • Further Advances
  • Interest Only Mortgages
  • Repayment Mortgages
  • Variable Mortgages
  • Tracker Mortgages
  • Fixed Mortgages

Vishal Gulrajani, Mortgage Broker in Cheshunt, Hertfordshire said:

“The examples we show are typical of interest only mortgage options currently available. This is the first time in 2021 that we have been able to offer mortgage options below 1%. Although these particular offers expired on the 24th November 2021 similar mortgage options are available. We recommend that you contact your Thomas Oliver mortgage advisor as soon as possible so they can review the mortgage market for you.

If you are thinking of moving house in 2022 it’s important you plan early. We suggest that whether you are a buy to let investor, a first-time buyer or just moving home, you contact us at least four months before you begin house hunting so that we can check the market and find you the best mortgage for your circumstances. We will ask you a series of questions to find out more about your personal circumstances so we can offer you a mortgage that suits your lifestyle.

To benefit from these low mortgage rates call our mortgage brokers based in Cheshunt, Hertfordshire and London on 01707 872000.’

Your property may be repossessed if you do not keep up repayments on your mortgage. Thomas Oliver UK LLP are appointed representatives of Openwork Limited which is authorised and regulated by the Financial Conduct Authority.


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