FAQ Index for Mortgages

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You will find below a full list of the FAQ’s for Mortgages. We hope you will find them useful.

In no circumstances should these FAQ’s for Mortgages be interpreted as this web site providing you with specific advice in relation to your own circumstances or on the suitability for you personally, of any product or service referred to within these FAQ’s. Our aim is simply to provide generalised, but helpful, information.

What is a mortgage exactly?

Where are mortgages sold?

What type of mortgage do I want?

How important is shopping around for the cheapest deal?

What does the term ‘Mortgage Rates’ mean?

How do I go about getting a mortgage quote?

What is an ‘Agreement in Principle’?

How much can I afford to pay for a property?

How long does a mortgage usually last for?

Can I get a mortgage if I am self-employed?

What happens if interest rates change?

How do I provide proof of income?

How does a joint mortgage work?

Can my friends and I get a mortgage together?

What’s the best way to compare mortgages to find out which is the best?

Do I need a Guarantor to get a mortgage?

How much will the Valuation Fee cost?

What is Conveyancing?

How much deposit will I need to put down?

What are the initial costs of buying a house?

What is a Mortgage Indemnity Guarantee (MIG)?

What is an Arrangement Fee?

What exactly are redemption penalties?

What does ‘Mortgage in Principle’ mean?

What happens during the mortgage application process?

What documentation will I need to provide during the mortgage application?

How do I choose a mortgage?

Would I benefit from speaking to a mortgage advisor?

Should I choose a ‘repayment’ or an ‘interest only’ mortgage?

What is a variable rate mortgage?

What is a fixed rate mortgage?

What is a discounted rate mortgage?

What is a flexible mortgage?

What is a current account mortgage?

What is an offset mortgage?

What is a buy to let mortgage?

What is a capped mortgage?

What is a base rate tracker mortgage?

What is a 100% mortgage?

What is a first-time buyer mortgage?

What is a self-certification mortgage?

What is an ISA mortgage?

What is a remortgage?

Why should I refinance my mortgage?

Will I be required to pay the mortgage broker a fee?

My loan or credit card application was declined. Will I still be able to get a mortgage?

What happens if I can't keep up with my mortgage repayments?

Can I switch mortgages if I have mortgage arrears?

What happens if my mortgage application is declined?

Can I still get a mortgage if I have a poor credit history?

Can I still get a mortgage if I have bank payment defaults?

Can I still get a mortgage if I have no proof of income?

What do I do if I have a repossession order?

Is there any difference between organising a mortgage through a broker as opposed to going direct to a lender?

Can I take a break from paying my mortgage?

What happens if I have an 'unusual property'?

What is 'Right to Buy'?

What happens if we have a joint mortgage and one of us wants to leave?

Can I repay my mortgage early if I want?

Is it possible to buy my mortgage online?

Can I reduce my monthly repayments without switching mortgages?

What happens if there is a shortfall at the end of my mortgage term?

What exactly is a remortgage?

Can I move home and keep my mortgage?

What does the term 'Loan to Value (LTV) Ratio' mean?

What does the term 'Equity Release' mean?

How do I switch mortgages?

Do I have to get Mortgage Payment Protection Insurance?

Do I have to get Life Insurance?

Do I have to get Buildings Insurance?

Do I need to calculate the rebuilding cost for my Buildings Insurance?

Do I have to get Contents Insurance?

What happens if I die before my mortgage is fully repaid?

 

 
Please Note:
This web site is owned by Andromeda Webs Ltd. Andromeda Webs Ltd, is an Appointed Representative of Web Publishing House Ltd. Web Publishing House Ltd is authorised and regulated by the Financial Services Authority for insurance mediation.