Why is it so important to ensure that your mortgage broker is 'whole of market'?
As whole of market brokers we are able to use a panel of over 90 lenders - that's high street banks and building societies, plus specialist lenders. We are able to go to the 'whole of the market' to compare 1000's of products on your behalf. A non 'whole of market' broker has a limited panel with as few as 19 lende... Read more
As mortgage advisors it's our job to check you are in good shape to proceed with a mortgage application. This includes ensuring your credit score will satisfy the lender. We advise all of our clients to share their credit report with us during their initial meeting and discuss with us their credit history. We can then immediately see if there are likely to be any issues with your mortgage applic... Read more
INTEREST-ONLY MORTGAGE – HOW ADVICE CAN HELP
Interest only mortgage holders only pay the interest on the loan each month and don't repay any of the capital.
This type of mortgage has often hit the news headlines, as some mortgage borrowers took on this type of cheaper mortgage before the stricter rules on mortgage eligibility came into force, and didn't always have the right plans in pla... Read more
Moving house and slipping onto standard variable rate during the transition means people unnecessarily end-up paying too much for their mortgage borrowing. It’s a common scenario where during the house moving process someone’s existing fixed rate mortgage product expires but their current property isn’t sold and the new one isn’t purchased.
People end-up paying hundreds of pounds ... Read more
A fixed rate is an interest rate that is predetermined up front by the mortgage lender and is fixed for either 2, 3, 5 or 10 years (most commonly 2 or 5 years). The benefit of a fixed rate mortgage is that it won’t change during the period it is fixed so you know exactly how much you will be paying back to the lender every month by way of mortgage repayments.
Your home maybe repossessed if yo... Read more