Mortgage News

Taking out your first mortgage can seem a daunting prospect, and even modern clear English mortgage documents can contain unfamiliar words and phrases. It is important to understand what you are taking on which is where our comprehensive glossary of mortgage related terms will help. APRC: APRC means the Annual Percentage Rate of Charge. This […]

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Buying your first home is almost certainly going to be one of the biggest expenses you’ll ever face. It’s a big step to take, and you’ll want to find out as much about the process as you possibly can. But your careful research can throw up a lot of myths along with the facts. So […]

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Does the idea of grabbing a 95% mortgage deal excite you? With the ever rising home and property prices, it becomes difficult for the first time home buyers to see their dream home turning into reality. Most of them cannot save more than 5% of the actual price of the house they want to buy. […]

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An Offset Mortgage is a loan that allows you to use your savings to cut down the mortgage costs. To facilitate the finances, you can club your savings account with your mortgage. The money in your account would be counted as an overpayment for the mortgage. However, this would just be a temporary arrangement and […]

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Tracker mortgages are unique and charge a rate of interest in accordance with the base rate set by the Bank of England. The actual tracker mortgage rate would be a few percentages higher than the base rate. The simple definition of base rate is the cost the bank pays to buy money. It varies with […]

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When you have an existing mortgage and then opt for a new mortgage using the same property as collateral then this is termed as a remortgage. This is normally done to save money by choosing a new lender who offers lower interest rates. Another major reason for this is to raise capital or consolidate smaller […]

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