What you need to consider when looking for a mortgage
the size of deposit you are able to put down;
the amount you can afford to borrow;
mortgage term;
up front costs – e.g. solicitor / conveyancer fee; valuation / survey fee, higher lending charge, mortgage arrangement fee, mortgage booking fee, mortgage adviser fee*, stamp duty, land registry fees;
ways of repaying your mortgage:
capital and interest mortgage, or
interest onlymortgage;
mortgage interest rates – mortgage rates are linked to the Bank of England base rate, and they are also linked to the rates at which banks lend money to each other. Most popular mortgage rates:
fixed rate,
variable rate,
other mortgage rates available: e.g. discounted, tracker, offset, collar or capped;
mortgage related insurance – building and content insurance, life cover, critical illness cover or MPPI.
There are other providers of Payment Protection Insurance (Short-Term Income Protection) and other products designed to protect you against loss of income. For impartial information about insurance, please visit the website at www.moneyadviceservice.org.uk.
To book an appointment with one of our advisers please contact us today. We will be more than happy to help you.