About Ocean Mortgages
Ocean Mortgages arranges purchase mortgages and remortgages, including support for first-time buyers. The team searches for a suitable deal, processes paperwork, tracks applications, chases lenders and keeps applicants updated through the transaction. Mortgage calculators can also help estimate borrowing, stamp duty, conveyancing fees and other moving costs.
The business says its service comes at no cost to the customer because brokers receive commission from banks, and it states that there are no hidden fees. Protection can accompany the mortgage, with customer evidence referring to life and home insurance. The service suits buyers who want one team to coordinate the mortgage journey.
Before you choose Ocean Mortgages
5.0 on average from 83 reviews
In its favour
- No customer service fee
- Application tracking and lender chasing
- Mortgage calculators for moving costs
Typical client: First-time buyers wanting managed mortgage administration
Specialties
Also works on: first-time buyers
Key facts
- Type
- Mortgage broker
- Rating
- 5.0 on average from 83 reviews
Featured in
Questions and answers
Is mortgage advice free?
Yes. They find a suitable mortgage deal and handle the application at no cost to the client. They also process paperwork, track applications, chase lenders and provide updates.
What does the mortgage service include?
Once they find a suitable deal, a dedicated team processes the paperwork, tracks the application, chases the lender and keeps the client updated throughout.
Is buying a new-build home a complicated process?
The process is similar to buying an older property but is more structured, with defined exchange deadlines usually of 28 days and no chain. Buyers should check deposits, inclusions and completion dates.
How is a mortgage affected when buying a new-build property?
The mortgage application timing should be discussed with a financial adviser. Mortgage offers are often valid for six months, which can matter if construction is delayed.
