Paying Back The Capital & Interest
Paying The Mortgage Interest Only
Part & Part Repayment Mortgages
Fixed, Variable, Capped & Discounted Rates
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Paying Back The Capital & Interest
Paying The Mortgage Interest Only
Part & Part Repayment Mortgages
Fixed, Variable, Capped & Discounted Rates
Which mortgage type you choose for your property can be a daunting task, whether it is to purchase a new home or simply to remortgage your existing one, there are a lot of things to consider whilst ensuring you are trying to get the best possible deal for your situation. Here at First Choice Finance we understand fully the need to pick the right mortgage type and having been helping UK consumers get it right for around 25 years
Essentially getting a mortgage is rather straightforward; you borrow money against a property and then pay interest on the money you borrowed. Unfortunately things get more complicated when you look at the plethora of mortgage types available to you. It`s always great to get some background information so let us break it down for you by answering some key questions. Once you have digested our comments if you still have unanswered questions give us a call on the above number and one of our expert advisers will fill in the gaps. If you are ready to find a mortgage type for you then either use the online form or call us and we will take the details for you over the telephone.
One of the most important factors you should consider when looking at different mortgage types is simply; How to pay back the capital? How you repay your mortgage is just as important as the interest rate you choose to borrow at. The most common options currently available to you are:
An interest rate is the rate at which interest is paid by borrowers for the use of the money that they have borrowed from the lender. You have to pay interest on your mortgage and the range of options available is another factor for different mortgage types. The mortgage marketplace offers numerous varieties of interest rates but the most common are:
On occasion certain lenders like to exist in niches in the market and offer certain mortgages for specific properties or specific situations. This can often mean that the type of mortgage you are able to obtain can, to a degree, be dictated for you. Some of your options in regards to mortgage types are taken out of the equation already but this can also mean that you could get a better deal that you expected as a lender might be an expert in the field.
Examples of when this may occur:
If you have managed to narrow down the type of mortgage you are after i.e. you have decided upon a repayment method, your preferred rate type and your desired property specification then it`s worth a look at some other features or benefits a lender may be able to offer you.
These may include but are not restricted to:
As you can see the list of mortgage types available to you is extensive and sifting through your options may be a disheartening task so give us a call, or complete our online enquiry form. A few questions might be all it takes to point you in the right direction and you will not be put under any obligation to use our mortgage advice services.
Mortgages & Remortgages |
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. We Advice Upon & Arrange Mortgages & Loans. We Are Not A Lender.
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 2014-2018.
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