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Lenders |
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Choose details to view our current
lenders.
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Remortgage |
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Remortgaging is much simpler than
buying a new home because the deeds of the property are already
registered in your name. If you choose to change to a different
deal with your existing lender, the process is even simpler.
And if you do choose to switch to a new lender, only a few
steps are involved. If you choose to remortgage with Omega,
even these few steps involve minimal hassle, since we help
manage the process by liaising with lenders, valuers and solicitors
on your behalf.
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Fixed Rate Mortgage |
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The interest rate will stay the
same for the fixed period. That way your monthly payment will
remain the same for a fixed period. |
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Capped Rate Mortgage |
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A maximum interest rate is decided
for a set period. If the variable interest rate should fall,
your interest rate will also fall. If it rises, your interest
rate will not exceed the set maximum rate. This means you will
know what your maximum monthly mortgage payment will be, helping
you to budget. |
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Discounted Rate Mortgage |
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For a fixed period the interest rate
charged will be the standard variable rate minus a fixed percentage.
The discount percentage will remain the same during the fixed
period even if the standard variable rate alters. Therefore,
your initial payments are kept lower.
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Variable Rate Mortgage |
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The mortgage interest
rate is not fixed and will vary directly in line with interest
rates. You can also pay off any amount of your mortgage without
penalty.
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Tracker Rate Mortgage |
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The interest rate charged on a tracker
mortgage will usually be the Bank of England's Base Rate plus
a fixed percentage. This will fluctuate as the Bank's rate changes.
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Useful Information |
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Your monthly payment may fluctuate in line with any changes
in the base rate.
Early redemption penalties may apply
