Mortgage Deals

Mortgage deals are available although much depends on individual credit ratings. Most people will typically look on the internet, the newspapers or the television and assume they will be able to get the rates advertised by the lenders advertising. Unfortunately, this is not always the case.

Lenders will look at each mortgage application and will base their decision on a number of criteria. You may or may not be able to get the mortgage you want. For some people this means you have wasted a lot of time and possibly money as well.

Getting a mortage
Buying a new house, whether it is your first home or you have decided to move on up the housing ladder, can be a very costly event. So, you may find it beneficial to find out how big a mortgage loan you can get, even before you start to thumb through the pages of the housing section in your local paper or visit the offices of local estate agents.

How much can you borrow
Lenders are now more inclined to look at whether you can afford to make the repayments every month.

As an example, if you earn £30,000 per annum you should be able to borrow from a Lender around the £120,000 mark - but remember, the Lender will also want to know your financial circumstances with regard to any personal loans you may be repaying and how much you owe on your credit cards, all of which could affect the amount of loan offered by the Lender.

Your past credit history will affect whether you can get a loan and how much you can borrow.

When applying for a residential mortgage you will have the opportunity to select from various options like capped or variable interest rates. Of course, this depends on the financier as well.

In addition to the traditional route to buying a home, there are various schemes available which might be better for some people. These include shared ownership and shared equity mortgages.

Getting the right mortgage can be confusing, we are qualified to give unbiased, straight-forward mortgage advice. whether you're a first time buyer, an experienced home mover or looking to re-mortgage we'll remove the hassle so you can enjoy buying your new home.

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