Bad UK Mortgages – How to Avoid Them

How to Get Really Bad UK Mortgage Loan Quotes and Deals Your 5 Easy Steps A mortgage is probably the most expensive thing you will ever buy. Despite this many of us end up with a less than perfect arrangement. To help you avoid doing this we thought it might be useful to turn it […]

Over 100 % Mortgages

Please note that owing to the credit crunch it is unlikely that you will be able to get this type of mortgage. Please treat the information below as historic which we are leaving online simply for your information. You can see what type of mortgage you could get by contacting a mortgage broker . Some mortgage lenders […]

Early Redemption Penalties Explained

Unless you agree to pay your mortgage lender’s standard variable rate of interest which is expensive and unnecessary your mortgage deal is likely to come with an early redemption penalty attached. This applies almost universally to fixed and discount interest deals, which are cheaper than standard variable rate loans. Your lender will make you pay it if you […]

Mortgage Payment Holidays

Most people make overpayments in order to pay off their mortgage early – but there is another possible reason. Many modern mortgages allow you to take “payment holidays” – periods when you can temporarily stop making your normal monthly payments – perhaps if you are taking a period of unpaid leave from your job, for […]

How Long Are Mortgages Usually For?

Your mortgage term is the length of time you have to pay back the money (plus interest) that you have borrowed from your mortgage lender. Traditionally, this was 25 years but it can be longer or shorter. If you choose an interest-only mortgage, you will pay off all the interest due over the term, leaving you to […]

FAQs

Frequently Asked Questions about Mortgages How Do I Choose The Best Mortgage For Me? What Is a Mortgage? How Much Can You Borrow? What Are The Costs Of a Mortgage What Are The Costs Of Buying a New Home What is Remortgaging? What is Conveyancing? What is a Mortgage In Principle? How Do You Prove […]

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Can’t Find Something? Checkout The A To Z Of Everything on this Website I’m Totally Confused About Mortgages I’m in Diffculties / Lost Job / Sick Glossary of UK Mortgage Terms I Want Something Else Ask a Question in Our Forum   Help Me Find My Best Mortgage How to Choose Your Mortgage What’s My […]