 |  |
Mortgage Broker Tip 1 | Mortgage Broker Tip 2 |
Pay for insurance upfront rather than via monthly instalments if possibleIf you opt to pay off insurance premiums using monthly instalments then a hard search is carried out which negatively affects your credit score. So if you can, pay off your insurance in one payment; it won't affect your credit score negatively and will work out cheaper in the longer term. | Discounted Variable Rate MortgageA type of variable rate mortgage, these are based on a fixed percentage discount from a lender's standard variable rate (SVR), which is normally itself linked to the Bank of England's prevailing lending rate. These are often subject to a fixed term, perhaps 1 or 2 years and if the term is fixed, you can only leave if you pay a – normally expensive – repayment charge. Like other variable rate mortgages, you cannot guarantee that your monthly repayment figure won't change – and this can be for the worse – meaning that you should always have enough finance in reserve for the eventuality. |
| Average property price in Banbury | £213,743 |
| % Change compared to last year | 8% |
| Population of Banbury | 46,853 (2011) |
Our mortgage broker has access to the whole of the market as our home loan brokers aren't tied to any particular mortgage providers.
Mortgage Brokers Banbury offering free first consultation (terms apply).
With no need for face to face meetings you'll be called on the same day by one of our mortgage specialist brokers to discuss your circumstances and can support complex applications for Help to Buy, Right to Buy and Shared Ownership mortgages
You'll have access to the whole of the market as our mortgage brokers aren't tied to any one mortgage company.
