Mortgages

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Mortgages

Mortgage UK

Get a free mortgage quote and receive help in plain English

If you're looking for a mortgage UK quote we are packed with articles and advice that can help you through the mortgage maze. You'll also find a range of tools that will help you compare products.

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Mortgage Repayment Calculator

Considering a variable rate mortgage? Then fiddle with figures.

Our mortgage repayment calculator lets you specify the interest rate. If you're considering a variable rate mortgage it's a very good idea to try different rates to see how they will affect your repayments.

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Mortgage Refinancing

Benefit from rising house prices without moving house

Mortgage refinancing is a good way to benefit from increasing house prices without changing where you live. Remortgaging enables you to raise money for home improvements, a dream holiday or the conservatory you've always fancied, or you could just move to a mortgage with lower payments.

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Mortgage Rate Calculator

Can you trust the calculators on the mortgage lender sites?

Most of the lender web sites offer a mortgage rate calculator that you can use to work out what you can afford to borrow, but there are big differences between different calculators. In order to trust a lender's own calculator you need to know what kind of calculator you're using.

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Mortgage Rate

The difference between base rates, fixed rates, tracker rates and variable rates

All mortgages are based on the Bank of England base rate, which is why homeowners get scared if the Bank announces a rate rise. However, the mortgage rate could be very different from the base rate, and it's important to compare like for like.

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Mortgage Quote

Getting a mortgage quote is just the beginning

When you get a mortgage quote, you're just at the beginning of the mortgage process. Most quotes are in principle, and to turn them into an actual mortgage you'll need to provide detailed information and get the property valued a process that can often take weeks depending on who you're dealing with.

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Mortgage Provider

How does a mortgage provider make its lending decisions?

A mortgage provider bases its lending decisions on several key criteria: the value of the property, the risk involved and whether you will be able to cover the repayments. It's important to be honest with the lender so that you don't borrow more than you can afford.

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Mortgage Protection Insurance

Ticking the box could be an expensive mistake

Many lenders offer mortgage protection insurance, but you might not be getting the best deal. Premiums and levels of cover vary dramatically between different insurers, and you don't have to go for your lender's own insurance package. It pays to shop around.

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Mortgage Protection

Read the small print carefully and ask the right questions

Mortgage protection also known as payment protection ensures that no matter what bad luck you encounter, you won't miss a mortgage payment. However, it's important to ask a lot of questions and read the small print carefully to make sure it covers every eventuality.

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Mortgages Property Abroad

Buying abroad? Get someone else to do the hard work

It's a brave borrower who mortgages property abroad: deposits are hefty, the rules are different and you have to deal with foreign estate agents, lenders and other organisations. However, a growing number of firms promise to make the whole process as simple and as inexpensive as possible.

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Mortgage Payment Protection Insurance

Can you still get cover if you don't have a regular job?

Insurance can be a minefield if you're self-employed or work on temporary contracts. While it's still possible to get mortgage payment protection insurance, it's important to look carefully at what's covered and whether there are any nasty surprises in the small print and what needs to happen before you qualify.

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Mortgage Payment Protection

Why you need it and what it costs

Don't expect the government to help with your repayments if you lose your job: if you've got even modest savings, you're on your own. Even if you do qualify, it can take months before you receive any benefit and things get even worse if you're self-employed or a contract worker.

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Mortgage Payment Insurance

Redundancy isn't the only reason to consider insurance

Although most people think of mortgage payment insurance as protection against redundancy, there are other reasons why it's worth considering. In the event of an accident or serious illness you might be unable to work, and that means you won't be able to pay the mortgage possibly for a long period.

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Mortgage Payment Calculator

Calculators are big help, but they don't tell the whole story

Most lenders' sites offer a mortgage payment calculator which makes it easy to work out how much you can borrow and how much the repayments are likely to be. However, such calculators are very basic and it's important to take other factors into consideration.

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Mortgage Loan Calculator

Find out if your endowment will pay off your mortgage

If you've got an endowment mortgage, a mortgage loan calculator can help predict whether there will be enough cash in the policy to pay off your mortgage. It isn't simple, though, and you'll need to provide lots of information to get a meaningful answer from the calculator.

Mortgage Loan

Why a mortgage is very different from a normal loan

A mortgage loan isn't the same thing as a personal loan: it's secured on your property, so if you get into financial trouble you could end up losing your home. It's also a lot more complicated, because there are arrangement fees, valuation fees, sealing fees and other costs to consider.

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Mortgage Life Insurance

Lenders won't give you a mortgage without it

Most lenders will refuse to give you a mortgage unless you also take out mortgage life insurance. They're not just trying to sell you insurance, though: it's to protect the lender. If you don't have life insurance and you die halfway through your loan period, the lender hasn't got its money back.

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Mortgage Lender

There's no shortage of people willing to give you money

There's no such thing as a typical lender: from banks and building societies to Internet operators and specialist lenders, all kinds of people can help finance your next property purchase. Choose the right lender and things will run smoothly; choose the wrong one and you could waste a lot of money.

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Mortgage Interest Rate

Interest rate? What interest rate?

The mortgage interest rate is based on the Bank of England base rate, but it doesn't follow it exactly. The rate you pay will depend on your lender's own interest rate and the type of mortgage you have, which means that cuts in the bank rate might not reduce your mortgage.

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Mortgage Insurance

Because some risks aren't worth taking

Could you still pay off the mortgage if you or your partner was made redundant? If the answer is no, then mortgage insurance is absolutely essential. It means you'll pay a little more each month but the alternatives are too scary to contemplate: you could even lose your home.

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