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Your local independant finance company

Specialists in SUB-PRIME 
MORTGAGES & REMORTGAGES

If you have an adverse credit history – perhaps previous mortgage arrears or CCJs – or if you have trouble proving your income, applying for a mortgage can be a frustrating business. At Viva Mortgages we specialise in helping people like you find the right mortgage deal. Regardless of your background, we have contacts with lenders that are willing to listen.

Get a  NO OBLIGATION QUOTE from us 1st

Click here to complete an online application form. We will then contact you to give you an idea of what is available to you and arrange a time to meet and discuss your requirements.

Does your Mortgage Provider Search the  WHOLE MARKET? - We Do.

THOUSANDS OF MORTGAGES SEARCHED Right to Buy Fixed Rates Buy to Let Discounted Rates Self-Employed Tracker Deals 1st Time Buyers Defaults Remortgages CCJs Debt Consolidation Self Certification

The overall cost for comparison is 6.9% APR. The actual rate available will depend on your circumstances. Ask for a personalised illustration.

Repaying Your Mortgage

Finding a suitable mortgage can be time consuming and complex. Let us do all the hard work and find the most suitable mortgage for you. There are basically 2 ways to repay your mortgage – repayment or interest only (although it is now possible to combine both of these!)

Repayment Mortgage Under this option part of your monthly repayment covers the interest on the loan while the remainder covers a small part of your debt (i.e. known as the capital – the original amount you borrowed). As you are paying back both the interest and capital each month then you are guaranteed to pay off your mortgage in full at the end of the term (usually 25 years) subject to you making all the correct payments at the correct time.

How Much Does it Cost? The table below shows how much you will pay for every £1,000 borrowed at various rates of interest over 25 years. For example, if you took out a repayment mortgage of £80,000 at 5.25% your repayments would be £479.20 (80 x £5.99). The Interest Only column does not include the amount you would need to spend on an investment vehicle. Interest Repayment Interest-only Rate% (per£1,000) (per£1,000) 3.00% £4.74 £2.50 3.50% £5.01 £2.92 4.00% £5.28 £3.33 4.50% £5.56 £3.75 4.75% £5.70 £3.96 5.00% £5.85 £4.17 5.25% £5.99 £4.38 5.50% £6.14 £4.58 5.75% £6.29 £4.79 6.00% £6.44 £5.00 6.25% £6.60 £5.21 6.50% £6.75 £5.42 6.75% £6.91 £5.63 7.00% £7.07 £5.83

Interest Only Mortgage Under this option your monthly repayments cover only the interest – not the original capital amount that you borrowed. At the end of the mortgage term you will still owe what you originally borrowed so you need to make a separate payment each month into an investment vehicle to pay off the original amount you borrowed.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

There will be a fee for mortgage advice. The precise amount will depend on your circumstances but we estimate it to be no more than 3% of the loan amount. Xtra Finance is an introducer to Viva Mortgages. Viva Mortgages is an appointed representative of HL Partnership Limited which is authorised and regulated by the Financial Services Authority.