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A majority of the UK high street banks or building societies offer a range of mortgage packages for first time buyers, home movers , buy-to-let and more. Before choosing a mortgage consider the following. - How much can you afford to borrow.
- What is the best type of mortgage for me repayment, interest only, tracker, discounted rate, variable rate.
- Over what period of time do you want the mortage for.
- How much can you put down as a deposit on the house or flat you wish to buy.
- Can you make a lump sum payments to reduce the monthly payments.
- Do i have to pay any redemption penalties.
- What other charges to do you need to pay for example mortgage arrangement fee.
- Do i get insurance with the mortgage to cover me if i loose my job or have long term illness.
- Where the best place to find a mortage via one of the mortgage comparison web sites, visiting the bank or building society directly or should i use a financial advisor
To compare the diffrent mortgage packages we recommend you visit the bank or building society directly or one of the web sites noted below. Government FSA mortgage comparison Money super market mortgage comparison IFA – Find an Independent Financial Adviser
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