General Mortgage Questions

Tracker rate mortgages
A tracker rate home mortgage is a type of mortgage rate that bases its interest charges on a publicly available rate, such as the Bank of England base rate....
Wed, 12 Aug, 2020 at 3:58 PM
Fixed rate mortgages
A fixed mortgage is a property loan on which a homeowner pays the same amount every month - for the lifetime of the loan. This is usually for a loan with a ...
Wed, 12 Aug, 2020 at 3:57 PM
Residential vs Buy-To-Let mortgages
A residential mortgage is a mortgage for a property in which you intend to live. Usually, you will have a lower deposit and higher monthly payment. You are ...
Wed, 12 Aug, 2020 at 3:58 PM
Source of deposit
The source of deposit can be anything from the funds received from a previous property sale to a monetary gift. These funds should be in a special account d...
Wed, 12 Aug, 2020 at 3:57 PM
Variable rate mortgages
A variable rate mortgage loan is one that changes from time to time according to the lender's discretion and market interest rates. Lenders cannot chan...
Wed, 12 Aug, 2020 at 3:58 PM
I'm no longer able to afford my mortgage repayments
If you haven't yet missed a mortgage payment, contact your mortgage broker immediately and notify them of your financial situation, they will be able t...
Wed, 12 Aug, 2020 at 3:58 PM
What is APR?
An Annual Percentage Rate (APR) is the annual rate charged by your lender on borrowed monies. An APR is shown as a percentage and represents the actual year...
Wed, 12 Aug, 2020 at 3:57 PM
What is a mortgage?
A mortgage is a legal agreement between yourself and the lender to borrow a specific amount of money necessary to buy your property.  These loans have a rep...
Wed, 12 Aug, 2020 at 3:58 PM
Capped rate mortgages
A capped rate mortgage is a deal with a fixed limit on how much interest can increase during the lifetime of the loan. They're increasing in popularity...
Wed, 12 Aug, 2020 at 3:58 PM
I was denied a mortgage due to bad credit
If you were denied a loan due to past credit issues, there may be some lenders that could still accept your application. Some lenders will underwrite (asses...
Wed, 12 Aug, 2020 at 3:57 PM