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Money-saving mortgages from leading UK lenders
A mortgage is probably your single biggest expense each month, so why pay over the odds?
Working with our partners, we compare prices from the UK’s leading lenders to make sure you always get the best price.
Get a great mortgage deal in 3 simple steps
Tell us about your situation
Let us know whether you’re buying your first home, moving house, remortgaging, or buying-to-let.
Answer a few questions
Give us some more details, like how much your deposit is, and how long your ideal payment term would be.
We'll find you a great deal
We’ll take your information, work with our partners, and find the perfect mortgage for your circumstances.
Which type of mortgage will I need?
First time buyer
If you’re trying to get on the property ladder for the first time, you may have less cash to put down as a deposit, but there are Government schemes available to give you a leg up.
Remortgage
Remortgaging is when you’re looking to get a better deal on a home you already have a mortgage for. Remortgaging can be be a useful way to cut costs and put your money to better use elsewhere.
New mortgage
Maybe you already own a home that you’re paying a mortgage for but you’re looking to freshen things up. Moving house always comes with its challenges, but your new mortgage shouldn’t be one of them.
Buy to let
This is the name given for the process of buying a property in order to rent it out. If you purchase a property as an investment, you need a buy to let mortgage to make sure you’re properly covered.
Is there help available for first time buyers?
95% mortgage scheme
A Government scheme announced in the 2021 budget, a 95% mortgage allows you to borrow up to 95% of the purchase price of your first home while paying less money upfront.
First homes scheme
The First Homes Scheme helps first time buyers get on the property ladder in England by offering buyers up to 50% off the sale price of certain new-build properties.
Help to buy
Similar to the First Homes Scheme, help to buy assists people in purchasing their first home by offering up to 20% off new-build homes across the UK, and up to 40% off homes in London.
Which factors affect the kind of deal I can get?
Mortgage rate
The benefit of a fixed rate mortgage is that you know exactly what you’ll be paying over a set period of time, but a variable rate mortgage could save you money in the long run, so it’s important you find the mortgage rate that works for you.
Deposit size
Generally speaking, the bigger your deposit, the better. A large deposit allows you to lower your overall mortgage payments and unlock more competitive interest rates. That said, you may want to keep money aside to renovate your new home, especially if it’s an older property.
Fees and charges
Mortgages come with additional costs that people don’t always consider. Whether it’s the cost of hiring a mortgage broker, or settling a late payment charge to get out of your mortgage early, additional fees and charges will add to the total cost of your deal.
Credit score
Your credit score has a significant bearing on how mortgage brokers view you as a lender, and will impact how cheap or expensive your mortgage will be. Taking steps to improve your credit score, like using credit-building services, will help lower your costs overall.
Are there mortgages for people with bad credit?
Yes, it’s absolutely possible to get a mortgage even if you have a low credit score, although you may find that you won’t have access to the most competitive rates.
The average high street mortgage lender views someone with a lower credit score as higher risk. Their way of mitigating that risk is to charge higher interest. This insures them against defaulted payments.
Similarly, any deposit you put down on a property will probably need to be higher than the deposit amount for the average person. Again, this gives lenders more security if you’re unable to repay your debt.
The good news is that Yip works with mortgage brokers who will happily consider applications from people with poor credit, and we will always make sure you get the best mortgage deal available to you.
What our customers say
I don’t have the best credit rating so never thought I’d be able to get a loan but the Yip team found me the best deal for my situation.
Chris, Manchester
I never thought finding a mortgage could be so simple. My adviser made the process much less stressful than I thought it’d ever be.
Suzanne, Blackpool
I’m lazy when it comes to finding car insurance and usually stick with the same provider. After speaking to Yip, I’ll never do that again!
Paul, Ayr
Applying for loans has always made me nervous, but Yip made the process really easy and I couldn’t be happier.
James, Edinburgh
I’ve never been one to plan my finances well but Yip has helped me get the best rates on my utilities.
Fiona, Birmingham
I honestly can’t thank the team enough for helping me with my mortgage application. It was so much easier than it has been before.
Mel, Newport
Unparalleled customer service
Working with our partners to find you the best deals and most comprehensive rates.
Yip works in partnership with some of the UK’s leading financial solutions providers to make sure you get the highest level of customer service at the lowest prices.