Getting a mortgage
What are my options?
Mortgages should be straightforward - you borrow money to buy a house and pay interest on the loan. But depending on the prevailing climate, you soon realise that it's not so simple after all. In a hugely competitive market, building societies and banks are continually updating and extending their range of mortgages, and in a downturn, the range of mortgages products available shrinks.
In all climates, the key to securing a the best mortgage deal is to have a good credit rating and a large deposit. So if you are a first time buyer, start saving and jealously guard your credit rating.
Click here for help understanding the different mortgages types. This should stand you in good stead when discussing the options with a advisor. (We recommend that you consult with an independent, whole of market, Mortgage adviser).
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