Mortgage Best Rate

Posts Tagged ‘First Time Buyer Mortgage’

It has never been harder than at the moment to get a mortgage with the current economic state. This guide has been created to provide practical tips to anyone looking to get a mortgage whether it’d be for a London or Aberdeen mortgage or anywhere in between.

Borrowing

First things first, you need to see how much you can borrow, generally mortgage lenders will allow you to borrow thre Read the rest of this entry »

Many lenders are writing to borrowers, you may be one of them, informing them if they make overpayments they can drastically reduce the time it takes to repay the loans. Lenders are of course doing this to improve their liquidity but it is highly recommended to pay as much you can afford to your mortgage as it will benefit you too.
 
With interest rates at 5% just four months ago, repayment amounts have fallen sharply Read the rest of this entry »

There are many mortgage types available on the UK market. While mortgage lenders have reduced the number of mortgage products available, it is no longer possible to get 125% or even 100% mortgages anymore there are many other options to consider.

The best deals at the moment are for those able to put up bigger deposits to ease lenders concerns and reduce their risk so if you can put up a 25-40% mortgage you Read the rest of this entry »