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01
DEC
2015

What are the different types of mortgage interest rates?

When it comes to choosing a mortgage your choice is essentially between a variable rate – one that can change – and a fixed rate, which will not change for a certain period of time. Tracker and variable rates There are typically two types of variable rate mortgage:...
01
DEC
2015

What options do I have for repaying my mortgage?

Capital and interest: Otherwise known as a repayment mortgage. You make a payment to the lender each month which is made up of capital and interest, keep paying this amount for the life of the mortgage and by its end your debt will be cleared and you own the property outright....
01
DEC
2015

How do I get the best mortgage deal?

Getting the right mortgage is about more than just seeking out the lowest rate and it’s important to shop around. Some of the lowest rate schemes can carry big arrangement fees, whereas other schemes can carry smaller or no fee or offer help with other costs like valuation fees...
01
DEC
2015

What you need to think about before applying for your first mortgage

Are your finances in order? How much can you afford for a deposit? To get the best deal you need to make sure your finance is in order. The better your credit rating and bigger your deposit, the more options you will have when looking for a good mortgage deal. Your first move...
01
DEC
2015

How does the Help to Buy scheme work?

Help to Buy comes in two parts – a deposit-boosting interest-free equity loan for those buying a new-build home costing up to £600,000 and a guarantee scheme to encourage mortgage lenders to take on those with small deposits. Equity Loan The first part of Help to Buy offers...
03
NOV
2015

Help-to-buy: ISA – Details Announced

The Treasury has announced details of the new Help-to-buy ISA. Barclays, Lloyds Banking Group, Nationwide, NatWest, Santander, and Virgin Money will be offering Help to Buy: ISAs from 1 December. Savers will be able to put away up to £200 a month in the Help to Buy: ISA that the...
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  • YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
    Whilst MortgageAbility does not charge for mortgage advice, please note that there will be an administration fee for arranging mortgages. The precise amount will depend upon your circumstances but we estimate it will be £395, payable on completion. MortgageAbility gives you the option to pay a non-refundable fee of 1% of the mortgage loan payable with the application. If this option is taken, MortgageAbility will refund any commission received from the lender.