mortgage!!! wish me luck

Hi all I have just came into some money recently and I would like to purchase my first house with a mortgage. I have tried quotes from my current bank providers, good news I was accepted but have quite found the right mortgage quote that suites me yet, the mortgage that I have chosen to go for is a fixed deal, that way I know exactly how much I will be paying over the next 25 years. I know there is a very good chance that the mortgage rates may go down but I cannot take a risk as I have a set budget to spend on the mortgage each month.

Mortgage rates vary and the key point with fixed rates is that no matter what the market does i will pay a flat rate all the way threw.

FIXED RATES QUOTE

Price Drop Alert!

This month there is a massive price drop in house prices due to the hard year our economy has had, so now would be the time to shop around for good mortgage deals.

There are plenty of mortgage companies out there that offer a fixed rate on a mortgage at the moment so there wouldn't be a better time to shop around. Low prices, Low mortgage!

Have you ever considered transferring your mortgage with a new company, like I just said, new rates, fixed rates ...shop around and use comparison websites.

Many bank branches out there at the minute are offering good deals, these are the companies, that are currently holding a fixed rate contract;
HSBC
NATWEST
LLOYDS TSB

mortgage recap

Hi people this is just a recap about mortgages, mortgages are the most common way to get first time buyers onto the property ladder. It can be very difficult now days to get a mortgage as lots of mortgage providers in the past has interest prices to high and customers couldn't afford there mortgages, but now they should be easier to sustain as they are only given to clients who can actually afford to have a mortgage. Five of the major mortgages providers are:
Lloyds
Santander
J.P.Morgan
Barclay's
HSBC
This is not the full list of all the mortgage brokers and there may be some better mortgage providers. The best thing you can do is visit all the local banks or use some of the comparison sites on the internet.

edition

Hello all,
Now is a fantastic time to get a mortgage and buy a property if you can get a mortgage, this is because house prices are still cheap but you can afford a mortgage if you rent it out and use the money gained to pay it off. if you can get £250,000 mortgage then you will be laughing and you will get all the money back in rent in 10/15 years time.

final destination

Hello everone I just wanted to say a massive thankyou to all the support we have been getting and all the facts we have gathered to make this blog about mortgages.

pre ending

Now you have that major choice to make 

 

Do you get a fixed rate mortgage or a tracker mortgage?
how do you make such a difficult choice you may ask yourselves?..

 

Due to the resent news that the Base rate rates may stay stagnant for a longer than expected Nationwide has reduced its 3 year fixed rates.

In the last 3 years we have seen mortgage variable rates reduce to less than 4%, and with most Tracker deals having expensive fees plus fixed rates being fixed at more than 5% most Mortgageadvisers have been suggesting clients stay with their current variable deals.

middle

These are the top 5 mortgage brokers in the current uk market, these are only a guidance and was correct at the times of publishing.

Top 5 tracker Mortgages

1. Natwest- two year tracker mortgage
2. rbs- two year tracker mortgage
3. hsbc- lifetime tracker mortgage
4. santander- two year tracker mortgage
5. post office- two year tracker mortgage

 

There are a couple of questions you should always ask yourself before taking out a mortgage.
 

1. Can you afford the monthly repayments on the mortgage?
2. Does the mortgage have payment protection insurance attached?

The other types of mortgages are:
. Fixed rate Mortgage
. Buy to let Mortgage
. Offset Mortgage

Gemortgageuk intro

Gemma's world of opinions on mortgages. This day and age with the credit crunch going on its really important to find the right mortgage.
 

The rates on mortgages are changing! which means there will be roughly an increase of £40 each month no matter who your mortgage is with, you need to look for a company who will not be changing their rates any time soon.

 

Take Lloyds Banking, they have followed the lead of Santander and changed their interest only criteria which means that many more buyers will have to look at a repayment mortgage. 
 

As mentioned in february however this is not the end of the world and, especially because of the low rates still available, when a repayment mortgage is compared to the cost of renting in most cases it still works out the more attractive option.

 

I would not know what is the best company in the world to choose from, but i would like to have some guidance onpeople personal oponions.