Mortgages Discounted
Remortgage
or Switching Mortgages
As many mortgages are becoming more
competitive, people are saving money from shopping around. It makes sense
to look around carefully look at the various mortgages on the go. When a
loan is taken on the existing property either to release the equity and/or gain
a better mortgage deal.
Basic Variable Mortgages
Many lenders now offer basic variable mortgages with lower interest rates than
standard. Like all variable mortgages, the interest
rate and your repayments can vary over the term of the
home loan.
Introductory Mortgages
Interest rates are usually low to attract new borrowers and usually lasts for a
period of two years. Rates can be fixed, variable or capped. After
the introduction period, most introductory mortgages revert back to a standard
variable rate. A.
Fixed Mortgages
The interest rates are fixed for the term of the mortgage - normally between 1
and 10 years. Which means that the monthly mortgage repayments will remain the
same for the duration of the period.
All-in-one Flexible Mortgages
A separate savings account attached to your home loan 100% off-set on the
account. The interest rate on the offset account is the same as on the
mortgage. Any money you put in the account is deducted from your
mortgage balance before interest is calculated.
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