Mortgages - get a better deal on your mortgage
Understand everything important about mortgages and get on the right track to finding the best products. We review all the terminology and make mortgages simple to understand. If you are a first-time buyer, moving between properties, buying a second property or just looking around for a better deal then our information pages and best-buy guides will take you step-by-step through the maze of the mortgage marketplace. We'll review the various companies offering mortgages and report on the best mortgage deals available.
With over 100 different companies offering thousands of different mortgages it's no wonder that the choice is bewildering - and it's obvious in such a competitive area that there are some great deals to be found. You just need to shop around and be aware of any pitfalls - if a deal looks too good to be true, then it probably is - check any small print with care and take some professional advice if you feel you need to. A recent trend is for mortgage companies to loan up their deals with large administration charge or fees. This allows them to offer attractive headline rates of interest, but make sure you look at the legally required AER rate not just the offer headlines.
We'll explain all the different types of loan and mortgage interest rate structures - fixed, capped, variable, low-start, tracker, flexible loans etc. And we'll also look at the charges that may be applied when you take out a loan or mortgage and often when you finish one!
The site also provides a number of methods to help you calculate how much you are able to borrow and what the monthly repayments on your new mortgage will be. And remember, although we link to lots of companies that provide mortgages, we don't favour anyone or have any other tie-ins.
Tracking down Mortgage Best Buys
A Homefinance.org.uk selection of mortgage and related products and services:
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