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Key Facts

 

Mortgages Guides

 

Mortgages key factors to consider
There are various key factors that you should consider before you buy your mortgage. Here’s the Moneyfacts.co.uk guide to things to consider when buying your mortgage.

Mortgage Glossary
Mortgage terms explained...

Finding your perfect mortgage match
Finding the right mortgage is much like finding the perfect partner. There are certain attributes or traits in a prospective partner or mortgage that makes compatibility more likely.

Mortgages Tips

 

Finding your perfect mortgage match
Finding the right mortgage is much like finding the perfect partner. There are certain attributes or traits in a prospective partner or mortgage that makes compatibility more likely.

Save money- pay your mortgage off early!
Let’s face it, mortgages are a daunting subject. For many they are a proverbial “ball and chain”, destined to be repaid for the next few millennia, with no discernable end to the misery of seeing your monthly pay packet decimated...

Mortgages things to watch out for
The things to watch out for with Mortgages. There are a number of important things to watch out for when comparing or buying your mortgage.

Mortgage IDD

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Mortgage Best Buys

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Variable Rate Mortgages

RateAPR CostMortgage TypePeriodMax LTVRedemption
SORTSORTSORTSORT
HSBC
2.19% for term2.2%VariableTerm60%-
Product Fee: Booking £99
Mansfield BS2.49% for term2.6%VariableTerm80%1st 2 yrs
Product Fee: Arrangement £999
first direct
2.89% for term3.7%VariableTerm75%-
Product Fee: Arrangement £99
Market Harborough BS3.45% for term3.5%VariableTerm80%-
Product Fee: Booking £95, Arrangement £400
The One Account3.75% for term4.3%Standard Variable RateTerm75%-
Product Fee: none
HSBC
4.49% for term4.7%VariableTerm90%-
Product Fee: Booking £599
Click to compare up to 3 mortgage products.
Disclaimer:
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Written quotations are available from individual lenders. Loans are subject to status and valuation and are not available to persons under the age of 18. All rates are subject to change without notice. Please check all rates and terms with your lender or financial adviser before undertaking any borrowing.
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Variable rate mortgages Explained

Variable rate mortgages cover various types of mortgage, including discounted variable, standard variable and tracker rates. The interest rate you pay on all of these can go up as well as down. Although they do not offer protection from future rate increases, they will allow you to benefit when interest rates are low.

Most lenders offer a standard variable rate (SVR) mortgage. The fees associated with taking out, or remortgaging from, an SVR mortgage are often relatively low. This is because many have both low set-up costs and no early repayment charges.

Discounted rates are another form of variable rate mortgage, offering a reduction on the lender’s SVR. The discounted rate you pay goes up or down in line with changes to the SVR.

Some lenders offer tracker rate mortgages. These rates move up and down in line with changes to the Bank of England base rate.
 

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Mortgage News

4 years of negative equity faced by homeowners4 years of negative equity faced by homeowners
A forecast by the National Housing Federation has predicted that homeowners will have to wait until 2014 – when average prices are set to rise to £226,900 – before they can recover what they originally paid for their home.

Variable rate mortgages won’t move overVariable rate mortgages won’t move over
The falling cost of fixed rate mortgages and forecasts of significant interest rate rises in the next few years have led experts to suggest fixed rate mortgages might be the best way forward for mortgage borrowers.

Mortgage lending increased by 5% in JulyMortgage lending increased by 5% in July
The majority of households continue to pay their mortgages in full every month, and have benefited from record low interest rates. This looks set to continue for some time yet.

Repossession estimates a dreamRepossession estimates a dream
Revised repossession estimates as announced last week by the Council of Mortgage Lenders (CML) have been labelled a ‘dream’.

Mortgage from Hanley Economic BS steals the showMortgage from Hanley Economic BS steals the show
Hanley Economic has launched a new fixed rate discounted mortgage that has stormed to the top of its class.