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Read our guide on improving your credit report and learn how to increase your acceptance rate for credit cards and loans

Did you know?

The number of credit cards in issue at the end of October was 66,555,000, of which 63.6% were active.

Source: British Bankers' Association (www.bba.org.uk)

Home / Money / Mortgages

Mortgages

Mortgages and mortgage rates never seem to be out of the news and that’s simply because they form the biggest monthly expense in most people’s lives. A mortgage is of course just a loan to buy a home and as that’s the largest purchase the majority of us will ever make it’s right that we take it seriously. Read more...>

About you

Title *
First Name *
Last Name *
Employment status *
Have you ever had any CCJs, IVAs, defaults or been declared bankrupt?
1. Yes
2. No

Contact Details

Email address *
Telephone number *
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About your mortgage

How much would you like to borrow? (£s) *
What is the estimated value of the property you want to buy? (£s) *
What would you like to do with the money? *

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A mortgage allows the average person to buy something that they could never afford otherwise and at the same time to live in it while they are paying for it. The price that a home buyer pays for the opportunity to buy their home is in the interest that they pay over the term to the mortgage lender. By the time you finish paying off your mortgage you may well have paid 2 or 3 times the original price of the home.

The money you borrow to buy your home will be paid back over a long period of time perhaps 25 years and that means that the rate of interest that you are charged on your mortgage can make a huge difference to your monthly outgoings and to the eventual cost of your property.

There is always a lot of competition from the lenders for mortgage customers so use your power and shop around.