House prices have shown their biggest rise in three months, meaning there`s even more reason for you to look for the most suitable mortgage for you so that you don`t end up paying over the odds.
Halifax indicates that property increased in price by 1.1 per cent in January, more than making up for the 0.5 per cent drop in the final month of 2013. The quarter to January showed 7.3 per cent growth on the same period 12 months previously, roughly similar to the previous two readings.
The lender notes that the government`s Help to Buy scheme has helped to increase the amount of buyers, which has an effect on asking prices. Lower unemployment and a better economic outlook have also helped, although supply not keeping up with demand could prove to be a concern.
It`s long been a problem with the UK that people want property at a quicker rate than they`re being built, and if that remains the case, prices will continue to increase, which may make them less affordable to would-be buyers.
That`s why finding the most suitable mortgage for your circumstances is only going to be more and more important when you decide to buy. At First Choice Finance we have a panel of lenders to suit many scenarios and any quotations are provided without obligation.
Once you give us your aims we will scour our panel for the most suitable deal for you, whether you have a good or impaired credit profile. To make an enquiry visit firstchoicefinance.co.uk or call us on a mobile at 0333 003 1505, or from a landline on 0800 298 3000.
Homeowner Secured Loans
Rates From 7.1% APRC
Representative Example £30,000 over 72 months @ £679.90 repayments. Total payable of £49,949. 20.1% APRC including £2,975 intermediary fee and a £995 lender fee. Loans secured on property.
First Choice are tied to certain loan providers.
Mortgages & Remortgages
Borrow £80,000 over 25 years
At 4.6% Variable, £461.95 for
300 months. Total Payable
£138,585. Total Cost Of
Credit £58,585 (incl £1360 fee).
Unsecured Personal Loans REPRESENTATIVE 49.9% APR (VARIABLE)
First Choice are tied to certain unsecured lenders.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. 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.