Mortgages

A Mortgage is an agreement which allows you to borrow money from a bank or building society, in order to buy property. It's like any other kind of loan; you borrow money and pay it back, with interest, over a period of time.

Get the right Mortgage
Your Mortgage is likely to be your biggest financial commitment so it’s important to get one that’s right for you.

Spoiled for choice
In a hugely competitive market, banks and building societies are constantly updating and extending the range of mortgages they offer.  This can make it difficult to find the right one for you. 

It’s worthwhile seeking the help of professional financial advisor, who is trained to provide advice and help you to make an informed decision.

Factors to consider
The government suggests mortgage customers should ask these 10 questions when choosing their mortgage;

• How much can I afford to borrow?
• How can I tell which mortgage rate is best?
• What is the best type of mortgage for me?
• How should I repay it?
• Can I make lump sum payments?
• Are there any redemption penalties?
• Does this mortgage come with insurance?
• What other charges will I have to pay?
• What happens if I can’t pay?
• What about the small print?

Whether you are a first-time buyer, moving home, self employed, or have experienced problems with credit in the past, there will be a mortgage deal out there for you.  Remember to be fully aware of all the terms and conditions before signing on the dotted line.