100 mortgage providers

100 mortgage providers
target =" _New "" Buying a house is one of the most expensive purchases that we make in our lives, so choosing the right financing is crucial. With more than 10,000 different mortgages there, it can be quite daunting .

Ten top tips to help you choose a mortgage

1) Shop around

Mortgage consultant can help you at your own financial circumstances and you cut with a suitable product. But before you make an appointment, the search for a mortgage with the help of our mortgage best buys to give you a much better idea of what kind and much mortgage you should aspire to.

2) share fees

When choosing a mortgage, you should always refer to the percentage fees to the product. Some of the lowest available today, with a percentage of up to 2.5%. This means that a mortgage of £ 150,000 you may have to pay £ 3750th With these high fees, you must calculate how much you pay.

3) How will you pay?

Think about how you're willing to pay all the costs associated with the mortgage. Some mortgage lenders, you will be for the set-up fees in advance, while others will be included in the cost of your loan. Therefore, you must decide what is best for your situation.

4) Tie-Ins

Many mortgage deals will bind you for an agreed period, which means that if you treat early, you will hit with a redemption penalty. Make sure you know how long you are bound, and consider how your circumstances change over time. Early repayment penalties can be very high, and you do not want to be even more costly than you need.

5) Exit fees

If your mortgage is ending, you must check to see what fees are charged if you want to change to another lender. Some lenders, the exit fee at the beginning, but unfortunately most people can still charge what they want.

6) Flexibility

Depending on your case, you can use for a mortgage that allows you to overpay, underpay or payment holiday. You can then your mortgage payments to suit your needs.

7) Higher loan fee

If you want to make a high percentage of propertyâ € ™ s value, then you must be aware of the higher rent. These are often payable on mortgages of over 90% loan to value, and can be as high as 12%! As you can see, do your homework you can literally save you thousands.

8) Incentives

Some mortgage products are incentives like a free valuation, free legal fees, a cash rebate or free insurance for a time. However, it is important that these freebies you will not be fooled because they often worked in the total cost of treatment. Calculate how much these incentives affect the total cost, because what you see is often not what you get.

9) Affordability

It is crucial that you're willing to borrow and how much you actually can afford. Remember that you have to pay Council tax, utility bills and insurance, not to mention the TV license! Under no circumstances should you on a loan that you are unable or struggle to recover.

Our budget planner can do this.

10) Easy to use

Last but not least, if you have found the right mortgage for you, make sure you have the registration form before signing on the dotted line. Please note that some online applications take a long time in order to choose which method you most comfortable with - you can read in conjunction with the mortgage for a long time.