Welcome to Mortgages & Loans UK.

"Mortgages & Loans in Black and White"

If you are looking for mortgages, loans or to buy or improve residential property in the UK, then you are at the right place. In this website you can resource information about mortgages, Remortgages and Loans, you can even apply online .

If you can't find what you are looking for here we'll show you where you can find it.

We have listed in this website the following mortgages

• Re mortgage's
• Buy to let mortgages
• Self certified
• Mortgages for people with an adverse credit history
• Credit crunch Mortgages.

Apply for a Mortgage Now

We have listed in this website the following loans

• Secured
• Unsecured
• Tenant
• Loans for people with a bad or poor credit history
• Find a loan during a credit crunch

Apply for a Secured Loan | Unsecured Loan | Tenant loan

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.

Mortgage interest rates

Variable interest rate
Fixed interest rate ( Long Term)
Discounted interest rate
Capped interest rate
Base rate tracker
Interest only Mortgage
First Time Buyer Mortgage

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:

Problem Mortgages
Self Cert : Bridge : Adverse

Self Cert Mortgage
Buy-to-Let Mortgage
Adverse Credit Mortgage
Remortgage
Problem mortgages

Mortgage problems? there are many reasons for being declined a mortgage such as bad or adverse credit or maybe being self employed (see Self Cert Mortgages),

What is Self Cert? | self-employed | Non-status | Self Certifying a mortgage

More about Problem Mortgages...

Adverse Credit Mortgages
Bad, Poor and Adverse Credit

An adverse credit mortgage (sub prime / non-standard mortgage) is for people who have what is known as an adverse credit history.

More about adverse credit mortgages...

Remortgages

Homeowners are switching mortgage lenders for many reasons

• Financial problems
• Saving on interest rates
• Mortgage lenders use incentive schemes for re mortgaging with lower interest rates to attract new leads.

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.

More about re mortgages...

Other Mortgages

Cash-back mortgage
Flexible mortgage
Current account mortgage
Offset Mortgages

Mortgage Calculators

Mortgage Amortisation
Calculator
Mortgage Overpayment Calculator
Mortgage Calculator

Overseas Mortgages

Overseas Mortgages
Spanish Mortgages
Florida Mortgages

Mortgage News & Articles

New mortgage Scandal - Self Cert applicants 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

UK Mortgages hit a 13-month high in May for approvals for house purchases

Whilst still down from normal mortgage applications rose in May

The British Bankers Association Quoted

• 31,162 loans approved for people buying a property that month, A rise of 7% since April.
  

This is the first time the annual measurement has shown an increase since November, 16% higher than it had been in May 2008.

Remortgages didn't fare to well though as the remortgage market dragged down the overall lending figures,

• Advances of ?7.7bn were recorded the lowest since February 2001.

Also for the third month in a row to ?2.3bn, Net lending, responsible for striping out redemptions and repayments fell, this has not been seen since 2001, at that time the average mortgage taken out from a lender was only ?74,400, compared with ?133,600 in May.

24,847, represents the number of loans arranged by people remortgaging during May to a 91/2 year low , revealing a 60% drop below levels seen a year ago.

"Steady monthly increases since last November have seen the number of loans approved for house purchase recover to levels seen in early 2008, although gross and net mortgage lending show a bad mortgage picture"

The mortgage market is mainly being being controlled by the high street banks as lending growth and improved mortgage deals are more prevalent offering higher than average loan approval values."

Other Mortgage resources

• Mortgage Providers
• Mortgage Glossary
• Site Map
• Privacy
• Add URL / Directory

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 on the full amount less any repayments. The customers current account is credited with the amount of the loan.

The Main types of loans are Unsecured & Secured Loans

OVERDRAFTS

there are two main types of overdraft (for more detailed information about overdrafts click here)

1. Unauthorised overdraft.
2. Authorised overdraft

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.

Tenant Loans

Being 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

Debt Consolidation Loans

Credit 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.

Adverse, Poor or Bad Credit

Have 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

Self Cert Loans