Shop around A mortgage is a major
financial commitment, so make sure you compare what's on offer. For an Independent Financial Adviser. Call 0800 0853250
Be prepared for mortgage providers
to check your credit rating before they lend you money so it's vital you keep yours healthy. Visit: www.experian.co.uk »
www.equifax.co.uk »
Remember, you dont have to take out your lender's building insurance its often cheaper to go elsewhere. Visit www.tesco.com for the different types of insurance available.
Look out for arrangement fees or early redemption penalties that you may have to pay.
Review your mortgage every so often to ensure you're getting the best deal.
Secured doesn't mean safe
Talk to your lender if you're having trouble keeping up with your repayments, they may be able to help.
Don't overstretch yourself
Before you borrow make sure you can
afford the repayments and, if your
payments are linked to interest rates, allow for rates rising.
Remortgage for long-term borrowing. If you're a home owner planning to carry out improvements you may want to consider remortgaging to finance it.
Think carefully about which type of
mortgage is best for you. |
