Sometimes people get into debt through no fault of their own and, even if they have been to blame, want to sort things out. Fortunately, there are now some lenders willing to provide adverse credit mortgages and this short guide will help you understand what to expect.
Not only do you need to consider which mortgage is most suitable for you, you also need to think about which interest rate options are most likely to suit your needs. This section has information on the various types of mortgage product which are available.
For mortgages a fee of up to £350.00 will be payable at outset. Our typical overall fee is a minimum £800.00 which will be made up from the initial fee plus any commission earned from the provider typically 0.35% (On £150,000 this would be £525.00). As we provide truly Independent Advice we do also offer a pure fee arrangement and refund any commission we receive over and above 0.35% of the total mortgage value.
Remortgaging means switching your mortgage to another deal with another lender without moving property.
The main difference between a self build mortgage and a house purchase mortgage is that with a self build mortgage money is released in stages as the build progresses rather than as a single amount. This short guide explains further.
These types of mortgages are designed for property investors and private landlords, who do not intend to live in the purchased property but will let property to tenants.
With an Offset Mortgage you can potentially reduce the amount of interest you pay by offsetting a credit balance against the mortgage debt. This article explains further.
Sometimes people want to release equity in their homes because they need cash for a particular purpose. This short guide looks at how certain types of mortgage will allow you to do exactly this.
People buying their first home often have specific needs when it comes to finding a mortgage. A range of mortgages exists specifically for this market sector.