Mortgages and Property Finance

A typical mortgage can last anything up to 25 years - that's up to 300 monthly mortgage payments. It is therefore critically important that you take the time to find the best mortgage for your needs ..... or have someone do it for you.

There are now internet-based price comparison websites that can instantly compare mortgages and secured loans from a huge range of lenders. Alternatively you can call or apply online to hundreds of mortgage brokers or direct to the lender. However, if you apply directly to a lender, eg your own bank or building society, then please be aware that you will probably only be offered their own products. This means you may not get the best deal for your particular circumstances.

When speaking to a mortgage broker you also need to ensure that they offer a wide range of products as some may simply act as introducers to a single lenders products. Follow the links below to obtain price comparisons and contact mortgage brokers:

Other Finance

Whilst most people require a mortgage to purchase a property there are more options available when it comes to financing work on your home. Many people refinance their home to raise money for home improvements but remortgaging isn't a viable option if you have just taken out a mortgage to buy the property in the first place - unless you have purchased under market value then there will be no equity and there will definitely be a second set of finance and legal fees.

An alternative is to use a credit card but many of us keep the same card for years and don't shop around for the best deals. This is fine if you make small monthly purchases and pay them off each month, or keep the balance relatively small. However, it is likely that if you are going to use a credit card for a major home improvement spend then you won't be paying it off immediately and will therefore want to use a credit card with the most attractive terms.