Hot Topics

How Does A Joint Mortgage Work?: When you decide to get a mortgage with another person – both your incomes can be taken into account. The general rule is that you can borrow three times the first income plus half of the second income, or two-and-a-half times the joint income.
What Happens If Interest Rates Change?: If you have some form of fixed interest rate mortgage you will be unaffected by changes in interest rates. Otherwise you can expect a change in the rate of interest charged on your mortgage.
Company Directors: Are you a company director and looking for a mortgage, or remortgage to refinance your home? Our mortgage partners can arrange a mortgage for directors and the self employed, even those with less that two years accounts & low profits.
The Mortgage Glossary: APR - This stands for Annual Percentage Rate and should be used to compare the costs of credit.
What Happens If I Want To Move Home?: Moving home is basically the same as moving into your first home, in mortgage terms. You are free to find yourself another mortgage with either your existing lender or another lender – and can shop around for the best deal on the market.

Will I Have To Pay An Arrangement Fee And How Much Will It Be?

The Arrangement Fee is also known as an Administration or Application fee and it’s designed to cover your lender's administrative costs for setting up the mortgage.

You will usually have to pay the Arrangement Fee up front, and it will cost around £200. Some lenders may refund the fee when the property purchase has gone through completely but if the deal falls through, you will lose the fee you paid. Your lender may use different terminology to describe this fee, or it many include the cost of the Valuation Fee. In any case, most lenders will charge you for the administration of the mortgage.