With thousands of different mortgage schemes available in the UK for people with varying circumstances, finding the right mortgage deal can be very time-consuming. This is why we pride ourselves on our exceptional, 5-star service in helping people find the perfect mortgage deal. How much you want to borrow. This is the loan you will take from the lender, as opposed to purchase price of the property.
You don't want to include your deposit here. The term you want to take the mortgage out over, in years. The longer you take the mortgage out for, the lesser your monthly repayments will be. However, as interest is accrued over time, it's likely you'll end up paying more interest over the term of the mortgage, in comparison to a shorter term. The interest rate you'll pay.
The interest rate you'll pay is dependent on a number of factors, including the type of mortgage product you choose, the duration of the mortgage product (often 2-5 years if a fixed-rate mortgage) and the loan-to-value of the property.
You don't want to include your deposit here. The term you want to take the mortgage out over, in years. The longer you take the mortgage out for, the lesser your monthly repayments will be. However, as interest is accrued over time, it's likely you'll end up paying more interest over the term of the mortgage, in comparison to a shorter term. The interest rate you'll pay.
The interest rate you'll pay is dependent on a number of factors, including the type of mortgage product you choose, the duration of the mortgage product (often 2-5 years if a fixed-rate mortgage) and the loan-to-value of the property.
Services
The Mortgage Store (TMS) Ltd is an Appointed Representative of Mortgage Intelligence Ltd which is authorised and regulated by the Financial Conduct Authority under number 305330 in respect of mortgage, insurance and consumer credit mediation activities only.
We always aim to provide a high-quality service to our customers.
However, if you encounter any problems and we are unable to resolve them you can take your complaint to an independent Ombudsman.
Our advice is covered under the Financial Ombudsman Service.
We always aim to provide a high-quality service to our customers.
However, if you encounter any problems and we are unable to resolve them you can take your complaint to an independent Ombudsman.
Our advice is covered under the Financial Ombudsman Service.
Thinking about remortgaging?
While this can seem like a straightforward process to some, it's easy to get confused with all the potential options.
You might not be 100% sure that this is the best way forward or whether there's a better option for what you are looking to achieve.
With a remortgage, you simply take out either a different or a new mortgage on the property you own.
It could be through your current lender, or you might want to switch to a new lender for a more suitable product.
There are a variety of reasons why remortgaging could be the right choice for you and one of the most popular reasons for doing this is going to be securing a better interest rate.
While this can seem like a straightforward process to some, it's easy to get confused with all the potential options.
You might not be 100% sure that this is the best way forward or whether there's a better option for what you are looking to achieve.
With a remortgage, you simply take out either a different or a new mortgage on the property you own.
It could be through your current lender, or you might want to switch to a new lender for a more suitable product.
There are a variety of reasons why remortgaging could be the right choice for you and one of the most popular reasons for doing this is going to be securing a better interest rate.
Thinking of remortgaging your home?
There are plenty of reasons why you should do this, but there are just as many for why you shouldn't.
Whichever is right for you, will depend on your circumstances.
There is no one-size-fits-all approach.
It is possible to raise funds to consolidate debts by remortgaging your property.
This essentially releases some of the money you have paid towards owning your home to free up finance to pay for other debts.
This can in turn make your debts more manageable, but it's worth bearing in mind your monthly repayments on your mortgage could increase.
There are plenty of reasons why you should do this, but there are just as many for why you shouldn't.
Whichever is right for you, will depend on your circumstances.
There is no one-size-fits-all approach.
It is possible to raise funds to consolidate debts by remortgaging your property.
This essentially releases some of the money you have paid towards owning your home to free up finance to pay for other debts.
This can in turn make your debts more manageable, but it's worth bearing in mind your monthly repayments on your mortgage could increase.
You might have heard the term remortgage before, but not know a single thing about it.
You wouldn't be alone in this, so don't panic.
We're going to be looking at all the information that you need surrounding remortgages, with a specific look at remortgaging to fund home improvements.
Adding a new bathroom, kitchen or extension can make a property feel like new no matter how long you have lived there.
Renovating can often work out cheaper than moving but it still needs funding.
Low remortgaging interest rates now mean there are plenty of options to fund home improvements.
You wouldn't be alone in this, so don't panic.
We're going to be looking at all the information that you need surrounding remortgages, with a specific look at remortgaging to fund home improvements.
Adding a new bathroom, kitchen or extension can make a property feel like new no matter how long you have lived there.
Renovating can often work out cheaper than moving but it still needs funding.
Low remortgaging interest rates now mean there are plenty of options to fund home improvements.
If you're looking to buy a property with a view to renting it out to tenants, you'll need a buy to let mortgage.
Simply put, it's a form of mortgage that a bank or lender offers to prospective landlords for a rental property.
It's different from a regular mortgage as it is explicitly sold to people looking to rent out a property.
In the UK, you won't be able to find finance for an investment property without a buy to let mortgage or other lending specific for that purpose.
There are a few main points to keep in mind, so it's essential to do your research before you sign on the dotted line.
Simply put, it's a form of mortgage that a bank or lender offers to prospective landlords for a rental property.
It's different from a regular mortgage as it is explicitly sold to people looking to rent out a property.
In the UK, you won't be able to find finance for an investment property without a buy to let mortgage or other lending specific for that purpose.
There are a few main points to keep in mind, so it's essential to do your research before you sign on the dotted line.
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