From 603 reviews from our customers
of our customers would buy again
Based on 3213 reviews
When you remortgage, you effectively change the mortgage on your property. Often you will save money by changing your mortgage supplier or switching to a different mortgage deal with your current supplier.
Home purchase mortgages are for homeowners who already have a mortgage but are now looking to move to a new home. You may find a brilliant rate by switching to a new deal.
Many mortgage providers have exclusive deals for first time buyers often this includes incentives such as low fees, contribution towards legal costs and even cashback.
But-to-let mortgages are applicable to those who wish to rent out their property and those wishing to remortgage a property that is already receiving a rental income.
The Help to Buy scheme is backed by the government to aid first-time buyers who struggle to save a deposit and home owners who have limited equity in their home.
You can get free mortgage advice and information on all the deals available in the whole market from our dedicated mortgage partners. You can speak to a mortgage expert, 7 days a week on 0800 880 7656.
All you need to know about buying your first houseRead More
Mortgages for commercial propertiesRead More
Interest Only Mortgages – Pros and ConsRead More
Residential Mortgages – Everything You Need to KnowRead More
Find out about the Help to Buy schemeRead More
A look at 95% mortgagesRead More
A mortgage is a type of a loan which is used to buy a property. The amount you borrow is secured against the value of the property.
There are 2 types of repayments:
The amount you can borrow is based on a number of factors including the LTV (loan to value) of the property, your income, credit score, current commitments and outgoings and how much deposit you can afford to put forward.
It depends on the property price, some lenders offer mortgages with a 5% deposit. If you can afford 15% or more deposit, it should help reduce mortgage interest rates.
It is important that the building is insured. Mortgage payment protection and life insurance are also recommended.
You should consider followings:
Yes, usually you are allowed to make extra payment up to 10% of the balance annually without being penalised.