Better mortgage and loan deals in the uk

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Disadvantages: Associated redemption penalties are restrictive

The policy is usually highly portable and allows free movement from lender to lender

On your mortgage statement, normally received annually, you will see that the amount borrowed decreases throughout the term

It is not permissible for holders of a Mini individual savings account to open a Maxi individual savings account and vice versa

There are many different types of mortgages and there will be one out there that best suits you

The elements incorporated within the plan include cash, stocks and shares as well as insurance elements

Either party is liable for legal action in breach of contract

Advantages: Complete flexibility within the mortgage market allowing option to move from lender to lender should the opportunity to take advantage of more competitive rates elsewhere arise

This is a fantastic time saver

Arrears This describes the amount the borrower is behind in his mortgage repayments schedule

So we know our specialist advisers can provide you with the mortgage that best suits your needs

Cashback Mortgages

linked with a discount, but pure cashback products are not uncommon

The survey does not necessarily supply a property valuation, but it should highlight any defects that could end up costing a fortune to make good

It may be that administration charges, mortgage indemnity insurance, or building and contents insurance costs have been added to the amount you originally borrowed

Your local agent can give you a good idea here

Endowments provide life assurance so that in the event of death the mortgage is paid off

The amount provided by the investment product cannot normally be guaranteed

Get advice on all types of loans, compare rates, or apply for a loan online

DISADVANTAGES There may be financial penalties for making lump sum/overpayments into your mortgage account

Possible diversion or closure of roads or footpaths

At this point a survey will need to be arranged so that a firm and informed offer may be made

We recommend taking a look at homecheck

However, most vendors are reluctant to take the hit on the full amount

interest rates - mortgage comparison uk