What will happen after the fixed period ends?
February 4, 2012 by Editor
Filed under Mortgage Loans
Nearly all UK mortgages which offer a fixed rate, will fix the rate for a limited period only, following which the interest rate will go back to being either standard variable or a tracker rate (one linked to the Bank of England Base Rate).There is a wide variety of periods for which the rate can [...]
Do I need mortgage payment protection insurance?
January 29, 2012 by Editor
Filed under Mortgage Loans
Mortgage payment protection insurance is for those individuals who are involuntary unemployed and thus cannot pay their mortgage bills. It is usually automatically included, but always compare loans just to double check. In this case, this insurance will help them pay off the loans without the house being repossessed. With the latest recession, unemployment rates [...]
When do I know if an offset mortgage is right for me?
It is not always easy to make the decision to choose an offset mortgage because in a lot of cases, the difference may not be as much as you’d like. However, if your mortgage is a high amount when in comparison to your savings, then it is best to go for an offset mortgage as [...]
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