Multiple £50,000 Mortgages & Remortgages. Mortgages Available From £10,000 To £1.5 Million. Competitive Interest Rates & High Loan To Values. Free Quotes & No Obligation £50,000 Mortgages.
We provide free, no obligation personalised mortgage quotes on £50000, or any other mortgage amounts from £5,000 to £500,000. You can find out what size mortgage you can obtain and how much your monthly payments will be before you decide the next step. If you are looking to borrow £50,000 through a mortgage or remortgage there are some very low cost options available at the moment, but it is important to make sure that you are getting one of the best mortgages for your circumstances and individual needs. £50,000 is not a large mortgage to take out but regardless of the size, it could be a £150,000 mortgage or even a £250,000 mortgage, the significance of getting it right is still very much the same.
That is where we come in, we were established over 25 years ago and our clients have already obtained over £1 Billion in mortgages - we believe this is because we focus entirely on you getting the right mortgage from our panel of mortgage lender products. So you can concentrate on how you want to decorate your new home (if you are buying) or how you are going to spend the money, if you are remortgaging your current home to release funds or lower your payments.
For confidential tailored information on your £50,000 mortgage options feel free to call our mortgage team on 0800 298 3000 from a landline or on our mobile friendly number 0333 003 1505. If you don`t have time to call right away - No need to worry, rather than putting your mortgage hunt on hold simply fill in our short on line enquiry form (don`t worry - no credit check will be carried out from this form).
Small Mortgages Explained
In the great scheme of things many mortgage lenders consider a £50000 mortgage as a smaller mortgage. Unfortunately for a borrower, certain lenders will not make as much money on a small mortgage in the region of £25,000 to £50,000 as they would for say a larger £250000 mortgage. As a result they can occasionally be excluded from the top deals with those specific lenders. However plenty of competing mortgage lenders want your business, so to avoid missing out on some of the best deals for your situation contact us, so we can scour our lenders on your behalf to help ensure you are not left out of the best deals from our panel.
Just like people, mortgages can come in all shapes and sizes and this means that they can be tailored to almost exactly what you need. Here at First Choice Finance we can provide you with access to mortgages large and small. With lenders currently in the market who will consider clients with a low credit score or have incurred some bad credit and offer home loan amounts from just £10,000 to those that are willing to lend you millions, we will aim for the right mortgage for your requirements.
Costs Of A 50000 Mortgage Over 15 Or 25 Years
An integral part of your 50000 mortgage is that you can afford the monthly repayments involved. One of the ways that you can adjust your monthly repayments is by altering the term that you pay the mortgage over. Extending the mortgage term will decrease your monthly repayments. This is because you are spreading the cost of the mortgage over a longer time, however you will then pay back more over the whole mortgage term. Loan to value has a notable impact on your mortgage rate so the bigger the deposit the better, although purchase mortgages for circa £50,000 are available up to 90% LTV. Check out our free to use 50000 Mortgage LTV Calculator to get a feel for the impact of deposit sizes on repayments. Here is an example of how mortgage term can affect your monthly Interest Repayment:
£50,000 mortgage at 1.9% over 15 years Monthly repayment: Capital & Interest Repayment = £321.85 Interest only = £71.17
£50,000 mortgage at 1.9% over 25 years Monthly repayment: Capital & Interest Repayment = £210.92 Interest only = £71.17. The overall cost for comparison is 4.5%APRC
As you can see the longer the term, the lower the monthly payment on capital and interest mortgage type repayments, but you will pay more interest over the term. The key is to borrow what you can afford to pay back and try to keep the payment term as short as practical without over stretching yourself. If you would like a free quote on a 50000 mortgage fill in our short online application form at the top of the page and one of our own UK mortgage advisers will get back to you. Any Questions? Please give us a call on 0800 298 3000 and speak to our advisers directly.
Getting A 50000 Mortgage With Bad Credit
There are purchase mortgages and remortgages for certain levels of bad credit. If you have existing bad credit, a mortgage to consolidate your outstanding debts could be a lifeline after you have looked at other routes and it has not worked out for you. Unfortunately as is often the case when you have bad credit it is more difficult to obtain any finance in the first place. We can often help clear this hurdle with access to competitive mortgage deals for poor, bad or adverse credit files. Whatever your reason for needing a £50,000 mortgage, be it buying a home, or releasing money from your current one, even if it is to clear existing debts and refresh your finances, we encourage you to seek professional help through a mortgage broker like ourselves. That way you can be safe in the knowledge that you are receiving sound advice and maybe you can even begin to rebuild your credit status.
50000 Mortgage Payment
Knowing the numbers involved with a 50000 mortgage can help you to build a better picture of how much it is going to cost you in total and on a monthly basis. This is important for you to ensure that the mortgage is affordable. If you would like an idea of the cost of a mortgage for £50,000 head over to our payments calculator and try different terms and interest rates to get a feel for what you can afford, or better still call us or enquire on line and we will advise you of which figures relate to your circumstances without obligation.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Security is required on
Established In 1988. Company Registration Number 2316399. Authorised & Regulated By The Financial Conduct Authority (FCA). Firm Reference Number 302981. Mortgages & Homeowner Secured Loans Are Secured On Your Home
First Choice Finance is a trading style of First Choice Funding Limited of The Old Courtyard, 103 Buxton Road, High Lane, Stockport, Cheshire. SK6 8DX. Copyright protected 2014.
Looking for an unsecured loan First Choice Finance can give you access to a selection of personal loans that can be used for almost any purpose with unsecured loans for good fair and poor credit histories.