There are many factors to consider when choosing a mortgage. Perhaps the offer with a fixed interest rate for three years that you saw an ad for seems very attractive from a financial perspective, but if the due fees paid in advance are high, so it might turn out that it’s quite expensive in the long run.
That said, costs aren’t the only thing to consider. The flexibility of your mortgage is also of great importance, especially if your income is irregular and you want to move into your new home quickly.
Of course, there is no shortage of information, but it is important to keep in mind that not all of it is credible, and little of it is relevant specifically to your situation.
As mortgage advisors with many years of experience, we can explain how a given loan relates to your personal needs and preferences. You can rest assured knowing that among all the offers available on the market, we’ll find one that’s best suited to your situation and needs.
It’s worth knowing that mortgage in the UK can be divided into two basic categories:
Capital repayment mortgage – this type of mortgage involves paying the capital part and interest, which reduces your debt.
Interest-only mortgage – this type of mortgage involves only paying interest. The installments you pay are smaller, but after the loan is paid off, your debt with the bank remains the same.
If you’re looking for your first real estate, moving into a new home, or are simply on the lookout for a better offer, fill out this form and one of our experienced advisors will contact you. You may also contact us via phone: 07754 065691 or 020 3137 0500.
Check out our most frequently asked questions
about mortgages in the UK
Mortgage in the UK
What types of mortgage are there in the UK?
The types of mortgage available in the UK are Capital Repayment Mortgage and Interest-Only Mortgage.
What payment plans are available?
The following variants are available::
What conditions do I have to meet in order to receive mortgage in the UK?
In order to get mortgage for a house of flat, you must have a high enough level of mortgage affordability (creditworthiness). The financial advisor responsible for determining your mortgage availability may issue a “Decision in Principle” – a confirmation of your creditworthiness.
How high will my mortgage be and how high would the installlments be?
If you’re looking for reliable information on this topic, your best bet is to consult a financial advisor. Contact one of our representatives and provide them with all the necessary data, and we’ll estimate your mortgage and instalment rates.
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City & Country Financial Services