Checklist - Mortgage Information
of Choosing a Mortgage?
the mortgage guarantee a fixed rate of interest for the first few
This can be a help during the first few years, because it will guarantee
your monthly payment at a time when your finances may be stretched.
there any penalties for early redemption?
Paying off your mortgage or changing to another deal with another
company. If there are, it can make it costly to change lender.
the loan let you take payment holidays?
If your income fluctuates from one month to the next or things are
tight at certain times of the year, you can get what is known as
a "flexible loan".
the mortgage offer you a cashback lump sum when you first take it
When you first move into your home it can be hard to actually furnish
it, so offers like this can really help.
you still be able to afford the repayments when any fixed-rate or
discounted period is over?
This is extremely important. Check what the lender's
standard variable rate is because it may be much higher than the
special offer rate.
of Major Mortgage Lenders
provide general financial information, we urge you to consult an
Financial Adviser ( IFA )
before making any important decisions about your finances.