| 'Mortgage' is a loan secured against your home. 'Secured' means that if you do not keep up the payments, the lender can sell your home to get its money back.
Remember: Your home may be repossessed if you do not keep up repayments on your mortgage. |
How much can you afford to borrow? Can you save money and get the best deal by shopping around? Do you need to get advice?
Confused by the different interest rates and mortgage features available?
Explains the difference between an 'interest only' and 'repayment' mortgage and runs through the features of both.
The purpose of this section is to provide information on fees and costs of buying a house as well as getting a mortgage. Getting a mortgage can involve hidden costs. Use this section to find out what they are and how much you should budget for them.
You can afford your mortgage now, but what if...? Don't just think of your present financial situation; consider what you would do if interest rates rose or you lost your job.
Don't sit back and forget about it. You'll get a statement at least once a year, use it to decide if you can get a better deal elsewhere.
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