A poor credit rating, CCJ, defaults or previous declined mortgage applications need not deter you from applying for a new mortgage. Speak to one of our consultants to get the mortgage deal that will be the best for you.
There are 3 types of mortgage categories: repayment mortgages, interest only mortgages, and endowment mortgages. Of these three types, repayment mortgages are the most popular and easy to understand. This type of mortgage is also the most straight forward.
What type of interest should you expect?
The mortgage we approve you for may have a higher interest rate depending on your credit profile. But the amount of interest you pay back depends not only on the type of mortgage you have; it also depends on what interest rate option you had chosen: variable rate, fixed rate, and capped rate.
The best interest rate for you is the one that allows you to pay off the largest amount over the shortest period.
Our advisors are CeMAP and/or CeRGI qualified. This means that they can give you expert advice on UK financial regulation and mortgages.
Organise your new mortgage today by speaking to one of our advisors free on 0800 048 1771
For mortgages and re-mortgages the overall cost for comparison is 8.5% APR variable and for secured loans 14.5% APR variable. The actual rate will depend upon your circumstances. Ask for a personalised illustration. A broker fee may be payable on completion, and will depend on your circumstances. For mortgages and re-mortgages this fee is typically between 0% and 3% of the gross mortgage amount, subject to a minimum of £2,495 and a maximum of £3,995. For secured loans, the fee is typically between 0% and 10% of the loan value.
UKDebtProblem.com is a trading style of Ask Finance Ltd (Registered in England and Wales. Company number 4229724), a wholly owned company of the Harrington Brooks Group Ltd. Ask Finance Ltd is licensed under the 1974 Consumer Credit Act to carry on the business of consumer credit, consumer brokerage, debt adjusting and debt counselling. Consumer Credit License No: 507130. Ask Finance Ltd is authorised and regulated by the Financial Services Authority (FSA) - FSA No: 300490 - for the provision of mortgage advice and arranging insurance.