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Jargon Free Mortgage Information
Money, Finance, Mortgages &
Loans Guides and Topics
Good Mortgage Advice is Crucial
Shopping around for a mortgage? Trying to find just the right mortgage that
fits YOUR personal circumstances can take an age. Regardless if you are a first
time buyer or an experienced mortgage-hunter, getting the right advice and
assistance will be crucial in achieving the best deal for you.
First time buyer? Found the house of your dreams? Finding house prices
are rising much faster than your deposit savings? Up to 125% mortgages could be
available to help you get your first step on the property ladder. However, make
sure you have the ability to maintain the loan should interest rates suddenly
rise.
MORTGAGE RATES the % rate you get your mortgage at
is only half the story. You should look in to the WHOLE package to make
sure special offers don't mask hidden charges. Take the time to get exactly the
right deal for YOU.
COMMON MORTGAGE TYPES
Standard Variable Rate
Lenders adjust their standard variable rates as the Bank of England increases or
decreases rates. This type of mortgage is often taken out in conjunction with
other offers such as cash-backs.
Fixed Rate Mortgage
Irrespective of fluctuations in interest rates, your monthly repayments remain
the same throughout the period of the fixed rate. However, you do not benefit
from any reduction in the lender's standard variable rate.
Base Rate Tracker
This type of mortgage will usually be for a percentage over or below the Bank of
England base rate for a specified term.
Discounted Mortgage
With a discounted mortgage lenders offer a discount on the standard variable
rate for a specified term. The savings from discounted mortgages can be
considerable although you have no protection against increases in interest rates
and may find that an increase takes you over your budget.
Capped Mortgage
Capped mortgages enable you to place a limit on your monthly mortgage commitment
and still benefit from falls in interest rates.
Cashback Mortgages
A mortgage that provides you with an amount of cash at the outset of the
mortgage. In return you usually agree to pay the variable rate charged by the
bank or building society, for a specified term. Some lenders offer cashbacks in
conjunction with other offers such as discounts or fixed rates.
Flexible Mortgage
The borrower pays off all or part of their mortgage without paying a
penalty. Payment holidays can be taken during the year and extra funds are
normally available via a drawdown facility. As with a standard variable or
discounted variable mortgage the interest rate can fluctuate and is not fixed at
the initial rate of interest.
LOANS SECURED ON YOUR
HOME
THINK CAREFULLY BEFORE SECURING
OTHER DEBTS AGAINST YOUR HOME. YOUR HOME IS AT RISK IF YOU DO NOT KEEP
UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT.
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- Find a Mortgage at Ask.com
- Visit www.ask.com to find a great selection of loans, credit cards, mortgages, pensions, bank accounts and financial advice.
- http://www.ask.com
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- Compare UK Mortgages
- Find the best deal for you by comparing great rate schemes from 5.48%. All you need is one site, one search & one minute. Why not take advantage of our expert, impartial & free advice today?
- www.moneysupermarket.com
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- Mortgage Advice
- Buying a home & getting a mortgage: your official guide.
- www.direct.gov.uk
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- Mortgages - Mortgages UK
- Mortgages UK presents the very latest information on Mortgages Mortgages UK Mortgage UK Mortgages Remortgages Mortgage Rates Mortgage Brokers Flexible Mortgages Self Certification Mortgages Offset ...
- http://www.mortgages.org.uk/
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- Compare Morgages - Find the Best Morgage Rates (UK)
- Home Best Morgages Morgage Advice Lenders Directory Brokers Directory Lender Search The One Account Variable Rate Fixed Rate Discount Capped Tracker Cashback Repayment Interest Only Flexible ISA Pe...
- http://www.morgages.me.uk/
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- Current Account Mortgage
- Quick Search Helpful Links... Chat Current Account Mortgages Capped Mortgages Cashback Mortgage Mortgage Insurance Discount Mortgages Fixedrate Mortgages Selfcert Mortgages Landlord Mortgages Curre...
- http://www.currentaccountmortgage.co.uk/
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- Self-cert Mortgages
- Quick Search Helpful Links... Chat Commercial Mortgages Current Account Mortgages Cashback Mortgage Mortgage Insurance Discount Mortgages Capped Mortgages Fixed Rate Mortgages Landlord Mortgages Se...
- http://www.selfcertmortgages.co.uk/
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- Capped Mortgages
- Quick Search Helpful Links... Chat Commercial Mortgages Current Account Mortgages Cashback Mortgages Mortgage Insurance Discount Mortgages Fixedrate Mortgages Selfcert Mortgages Landlord Mortgages ...
- http://www.cappedmortgages.co.uk/
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- Bad Credit Mortgage on Almondnet
- Home About Privacy Terms WHAT ARE YOU LOOKING FOR ? Home YOU ARE HERE --> Home --> Bad Credit Mortgage Bad Credit? CCJs? Looking to Remortgage? Rates From 6.94%. Any Circumstances Fast. Free Quote....
- http://www.almondnet.co.uk/almond/bad_credit_mortgage.html
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- Mortgage Adviser
- Quick Search Helpful Links... Chat Repayment Mortgages Current Account Mortgages Current Account Mortgage Capped Mortgages Cashback Mortgage Mortgage Insurance Discount Mortgages Fixedrate Mortgage...
- http://www.mortgageadviser.co.uk/
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- Mortgage Quotes - UK Mortgage Brokers - Mias
- Mortgage & Insurance Advisory Services 08450 524752 Online Mortgage Brokers... Our website is designed to let you compare the very latest mortgage deals , receive information or mortgage advice fro...
- http://www.mias-ltd.co.uk/
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