If you are currently a home owner then you may be looking to remortgage or move to a more favourable rate.
What is the value of the property?
A property valuation is an assessment of your property's value, based on the location, condition and multiple other factors.
How much would you like to borrow?
Remember most mortgage providers are prepared to lend up to 4 or 4.5 times your annual income as a maximum.
How long do you want the mortgage for?
In the UK, 25 years is usually the maximum length of a mortgage term, so anything longer than this counts as extended. There are now many lenders who offer mortgages longer than 25 years, with the longest readily available being 40 years.
What is your current mortgage rate?
If you have a current mortgage you may be on a fixed rate deal that is coming to and end. A fixed-rate mortgage is a mortgage where your interest rate is guaranteed to stay the same for a set period of time. At the end of the fixed rate term you mortgage will revert to your lender's standard variable rate (SVR) of interest.
When suits you best for a call?
Why are we asking this question?
If you are currently a home owner then you may be looking to remortgage or move to a more favourable rate.
