cheap mortgages uk : What Do You Need To Know ?

2007-03-08 10:33:40

( Financial )



Cheap Mortgages UK

When you look for mortgages uk or cheap mortgages uk there will be a lot of things you need to know before you take the plunge.

One lending provider of cheap mortgages uk can help you with all these queries when you are looking for mortgages uk.

Can you loan more money with them if you already have a loan with cheap mortgages uk?
Yes, you can ask for a further advance and the extra monthly payments will be included with your normal mortgage payment. This is subject to acceptance.

If you are in financial trouble and can’t afford your monthly payments – what can you do?
They always try to find a solution. It’s better to discuss these issues as early as possible.

Is it possible for you to check how much is still owing on your mortgage?
You can check this information online – but it’s not the final settlement figure. You will need to speak to them personally over the phone for this.

Do you have to pay an early repayment charge on a mortgage you already have?
You might have to if you have a tracker rate or fixed mortgage and you are still within the period. Call them to find out about your specific mortgage.

Can they give you a duplicate repayment statement as regards your mortgage?
Yes. Simply complete an online form.

Can you rent/lease your property to someone else?
Yes, you need to discuss this with them first.

What if your endowment can’t repay your mortgage?
They have an online section which gives you more information about this issue – visit the endowment section.

Can you alter your monthly repayment?
If yours is a flexible mortgage, it might be possible to increase or decrease your monthly payment. This is only under certain conditions. Arrange to see one of their mortgage reviewers to discuss this.

Can you change your mortgage and take a better deal?
Yes. They are always happy to find a solution that suits you better.

How can you remortgage your current home?
If you are an existing customer, there might not be a need to remortgage. Simply switch to something better.

What types of mortgages do they offer?
A comprehensive range of tracker rate and fixed rate mortgages.

How much can you borrow?
This depends on your personal circumstances and on what your monthly financial commitments are.

How can you clear your arrears?
These matters will be discussed in complete confidence.

Can you change the terms of your current mortgage?
Yes, you can, with approval. This will influence your monthly payments.

Can you pay off a lump sum, or extra money?
Yes, you can. But if you have an early repayment charge, you could need to pay off some of that as well.


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