Mortgages

There are over 100 mortgage lenders in the UK offering more than 12,000 different mortgage deals so it’s worth shopping around. 


Check what your bank or building society will offer you, look on mortgage comparison sites and consider whether an independent financial advisor or mortgage broker might be able to help. You may have to pay for this service, but if you have any less-common requirements, such as a poor credit history, self-employment or zero-hours contract, or you are buying a non-standard property, a broker will almost always help you to get a better deal.

Deposit

This can often feel like the hardest part to secure. Whether you're looking for tips for saving or advice on gifts from the bank of mum and dad we've got it covered.

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Credit Check

Credit can impact you buying a home, and it's vital you stay on top of your credit score. The team from Experian have some great advice for you.

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Mortgage application

You've done all the hard work, and found a house, but what do you actually need for a mortgage application? Discover now!

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Extra costs

You've saved for your deposit but what are some extra costs you might not have budgeted for that come in the buying process?

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Mortgage in principle

When you are house hunting it is helpful to obtain a mortgage in principle (also known as an agreement or decision in principle); a certificate from a lender showing how much, in theory, they will loan you to buy a house. It shows the seller that you are serious - some developers won’t let you put down a deposit unless you have one. You only need to answer some basic questions, usually online. II is not a firm guarantee that you can borrow the money (your lender will want lots more documentation for that), nor is it a commitment to use that lender, but it does show you are serious.

Sticky-loan

Fixed Rate Mortgage

A fixed-rate mortgage is a mortgage where your interest rate is guaranteed to stay the same for a period of time. You can currently fix your mortgage rate for one, two, three, five, seven, 10 or 15 years. Though a one of 15-year fixed rate is rare. Usually the longer the fixed-rate, the higher the interest rate will be. 

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Variable Rate Mortgage

A variable-rate mortgage is a mortgage where your interest rate fluctuates in line with the economies rate of inflation and growth. 

In periods of growth and inflation, interest tends to rise to discourage lending leading to higher repayments on your mortgage. 

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