Applying for a mortgage

You can apply for a mortgage directly from a bank or building society, choosing from their product range in one of the main categories: primary residential mortgages, first time buyers, retirement and investment mortgages.

All You Need To Know About Mortgages | The World Financial Review

If you do not have the money for a mortgage loan, there are various options available to you such as extended mortgages or part purchases.

Interest rates and charges

If you live in a home that costs more than 200,000, your mortgage may have a fixed interest rate.

It will be a number set by the UK’s Financial Services Compensation Scheme (FSCS), a government-run scheme that protects the interests of consumers, financial firms, and government entities.

Interest rates and fees vary according to the type of mortgage you apply for. Some mortgages, such as fixed-rate mortgages, may be charged a fee when you take out the mortgage. Visit https://www.sofi.com/home-loans/mortgage/ to get all the details.

There are various fees and charges that you need to take into consideration when you choose a mortgage, and any extra costs, such as stamp duty, could mean your monthly payment could increase.

For more information about mortgage applications in Wales, visit our mortgage service pages.

Mortgage providers in Wales

If you want to buy a mortgage in Wales, there are a number of mortgage providers available. The following is a list of the main providers that offer mortgage products in Wales:

Property Partners – no fees. Interest-only, fixed-rate mortgage for individuals, usually with a maximum annual interest rate. Not all people can be guaranteed to pay a fixed rate, and interest rates can rise.

PML Mortgage – no fees. Interest-only, fixed-rate mortgage. Interest-only, fixed-rate mortgage for individuals, usually with a maximum annual interest rate. Not all people can be guaranteed to pay a fixed rate, and interest rates can rise.

Pave – fees and charges are variable and depend on the type of loan and loan history. If you don’t want to pay any fees, you must offer at least one one percent deposit to qualify. There is no provision for fees or charges other than those that may be waived if you are a pensioner.

Treehouse – no fees. Interest-only, fixed-rate, variable-rate, or first mortgage, usually with a maximum interest rate. Not all people can be guaranteed to pay a fixed rate, and interest rates can rise.

WalesOnline – no fees. Interest-only, fixed-rate, variable-rate, or first mortgage, usually with a maximum interest rate. Not all people can be guaranteed to pay a fixed rate, and interest rates can rise.

Wattbank – no fees. Interest-only, fixed-rate, variable-rate, or first mortgage, usually with a maximum interest rate. Not all people can be guaranteed to pay a fixed rate, and interest rates can rise.

Find a lender online

You can apply online for a mortgage directly from any of the above mortgage providers. You will need to provide some of the information required on the application form.