Mortgages Guide

If you are looking for a guide on how mortgages work then you are in the right place. We are a local Liverpool based Mortgage Brokers with access to the full market and a wealth of knowledge in the industry.

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A Guide to Mortgages

Here… we’ll explore what a mortgage is and how it works, and the different types of mortgages and repayment options. It’s important you understand this, so you can make an informed decision.

Of course, a Mortgage Expert from AL Mortgage Solutions will be there to guide you every step of the way but this section should give you a better understanding of what to expect. Whilst all this information is helpful, if you would like some advice based on your individual circumstances we’re only a phone call away. Please CONTACT US now on 07412563920 to discuss your options in more detail.

What is a Mortgage?

A mortgage is a sum of money, a lender (typically a bank or building society) lends to a borrower (typically an individual/s) which is then secured against a property. The lender lends the money (with the promise) that the borrower will pay them back plus interest on a monthly basis over the term of the mortgage. Should the borrower stop making repayments the lender has the right to take ownership of the property (this is known as a repossession).

What are the different types of Mortgages?

There are many different types of mortgages and this section will explore some of the different types available to you. The first thing to understand is the Bank of England base rate. The Bank of England base rate is reviewed monthly and can go up or down depending on the state of the economy. The main measure for this is inflation.

All lenders set their rates based on the Bank of England base rate, so as a result, mortgage rates have been low for quite some time now. This is great news for you because when the rates are low – your payments are too!

The two most popular types of rates are fixed and tracker rates but there are other types you may want to consider depending on your circumstances so it’s always best to get advice on the right product for you.

A Personal, hassle free aprocess.

“We know the stress and hassle surrounding buying a new home, retmortgaging your existing home or making your first step onto the property ladder. Our team do everything we can to take that stress away to help you enjoy your new home.

With a personal approach for each of our customers with your own dedicated mortgage broker to answer any of your questions and provide you with the support to ensure a seamless Mortgage application and funding process. “

Alex Leppert

Owner & Mortgage Broker, AL Mortgage Solutions

What our Customers Say

Don’t just take our word for it, read what our fantastic customers have to say about their experience with AL Mortgage Solutions. 


Ian Harte
Ian Harte
02/08/2021
Verified
Normally don't leave reviews, however Alex and Emily were absolutely fantastic with answering questions and handling our first mortgage application. Excellent communication with fast, professional & friendly services! Highly recommended!
Chloe Manning
Chloe Manning
21/07/2021
Verified
Me and my boyfriend went to Alex at AL mortgage solutions after a few recommendations from friends and also some really reviews I had seen via Instagram. I had done some shopping around and messaged a few mortgage advisors but Alex got back to me so fast and answered all my initial questions. We chose to go with Alex and his team and we were so glad we did! He was there to answer all of our questions as well as sorting us the best mortgage deal even when times were uncertain with Covid. He made the process as easy as he possibly could and we we’re very happy with the service Alex and the team provided. Thanks again
Kate Crowe
Kate Crowe
20/07/2021
Verified
I couldn't fault Alex, he support our application at every stage. He answered all my questions in a easy to understand manner and made me feel completely at ease throughout! I will absolutely be contacting him again when I need my mortgage reviewing.
James Denham
James Denham
17/06/2021
Verified
AL Mortgage solutions was recommend by a friend and we are so glad we went ahead with them Excellent service from start to finish, kept us updated at every stage. Alex made the whole process so easy and smooth, would 100% recommend!
Rob May
Rob May
04/06/2021
Verified
Al and the team were brilliant from start to finish. Always at the end of the phone no matter what time of day. Would highly recommend AL Mortgage solutions LTD to anybody looking to purchase a home.
Callumj17 j
Callumj17 j
25/05/2021
Verified
Alex is a superb mortgage advisor! He is very honest, professional and also down to earth which made things so much easier. He is always available for any questions needed regarding moving house and mortgage advise. I would recommend Alex to anyone for mortgage advise and will continue to use him in future!. Thanks Alex!
Lauren Woodward
Lauren Woodward
21/05/2021
Verified
So happy with the quality of service Alex offers, he was on hand any time I needed help or was unsure of what documents he needed. He sorted all the mortgage stress free and the welcome to your new home hamper was a lovely touch. I would 100% recommend!
Joshua J
Joshua J
12/05/2021
Verified
Brilliant. Really worth getting in touch if you have no knowledge on mortgages as Alex is really helpful and let's you relax while he does the work. Made up I sent a message as I'm now in our new home from starting it all with him 🙂
Lisa Hill
Lisa Hill
29/04/2021
Verified
Alex made everything easy for us he done all the hard work for us and made what didn't feel possible, possible 🙂 in just under 5 months of seeing Alex for the first time we became home owners probably sooner if we wasn't so fussy on houses. Highly recommend Alex 100% even if it just for advice he's the best person for it. Lisa & Brad thank you Alex once again.
Lynsey Young
Lynsey Young
29/04/2021
Verified
Alex is friendly, approachable and professional. He has gone over and above on many occasions for myself and family members who I have recommended him to. Nothing is ever too much trouble and the advice he gives has been tailored to my individual needs. I can't recommend Alex and his team enough!