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Welcome to Mortgages & Loans UK.
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We have listed in this website the following mortgages
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We have listed in this website the following loans
Apply for a Secured Loan | Unsecured Loan | Tenant loan |
Mortgages |
Loans |
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 For most people a mortgage will be the largest financial commitment they will make so you need to find one that is most suitable for you. One of the most important factors is the type of interest rate you decide on and typically mortgages are available at three different types of interest.
With a Variable Rate Mortgage, the lender varies the interest rate according to market conditions. With a Capped Rate Mortgage although interest is paid at a variable rate it cannot rise above a predetermined level usually for the first few years of the loan. Finally, with a Long Term Fixed Interest Rate Mortgage the interest level is fixed again usually for the first few years of the loan. Other important considerations are; your income, the length of the loan and the deposit you can afford. Lenders will usually let you borrow 3 times a single gross salary or 2 and a half times a combined gross salary. You should then add to this the deposit you can afford and the total is the property value you could aim for. |
 A loan is money lent on a condition it is repaid, either in installments or less commonly all at once, on agreed dates and usually that the borrower pays the lender an agreed fee which is usually a percentage of the loan ( unless it is an interest free loan)., this fee is referred to as interest rate
For this to happen you will need a loan account which is an account opened by a bank in the name of the borrower to whom it has granted the loan, rather than an overdraft facility. The Amount of the loan is debited to this account and any repayments are credited; interest is charged ont he full amount less any repayments. The customers current account is credited with the amount of the loan. |
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Mortgage interest ratesVariable interest rate Although there are many different styles of mortgages, they are split into 2 main types; repayment mortgages and interest only mortgages. A repayment mortgage decreases as you make payments so you see your outstanding loan amount decrease. With an interest only mortgage, as the name suggests only the loan interest is repaid and arrangements must be made to repay the capital amount. As mortgages use your house as collateral, they are effectively secured loans. There are many different types of mortgage which are discussed in more detail on the relevant page: |
OVERDRAFTSthere are two main types of overdraft (for more detailed information about overdrafts click here)
One of the easiest, and sometimes the simplest and cheapest, ways to raise finances is to use you overdraft facility. With an overdraft facility, interest is only charged on the amount of the overdraft, which may be less than the full amount of the loan. |
Problem Mortgages
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Tenant LoansBeing a tenant can make it sometimes make it more difficult to get a loan as you not have any security to put up against the loan, however because your property is not taken into account there is only one variable the lender will take into account and that is your ability to pay, so providing you do not have Adverse/bad/Poor Credit then they should be relatively easy to get a loan based on your income, so while you may have to pay a higher rate of interest then you would with a secured loan a tenant does not have the worry of having their home repossessed which may outweigh the fact that you are paying more for the loan. Tenant loans are available for council or housing association tenants people who rent private properties or even people who still live with their parents (graduates and school-leavers etc). More about Tenant Loans |
Adverse Credit Mortgages
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Debt Consolidation LoansCredit cards are usually repaid at a high interest rate. Consolidation loans can reduce your loan costs by combining all your debts, including credit cards. The debt should be cheaper as the loan should be available at a more competitive interest rate and you may also be able to extend the time over which the money is repaid. A consolidation loan really can ease your financial strain and you only have one payment to make. |
RemortgagesHomeowners are switching mortgage lenders for many reasons
it is worth shopping around for a better deal on a mortgage, and the savings on a Remortgage can be seen in your monthly payments. |
Adverse, Poor or Bad CreditHave you had problems with Adverse Credit in the past or have problems getting credit and have been told that you have been refused a loan because of information held by a credit reference agency? More info
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Other MortgagesCash-back mortgage |
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Mortgage CalculatorsMortgage Amortisation Overseas MortgagesOverseas Mortgages Mortgage News & ArticlesNew mortgage Scandal - Buyers are being offered up to ten times their salaries Islamic Mortgages - Novel Mortgage solutions that comply with "SHARIA" Law 50 Year Mortgages on the way. Some lenders offer green mortgages that include the monitoring of your household energy usage and household emissions. With usage information you can save money on your energy bills. Commercial Mortgages & Bad Credit Other Mortgage resources |
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