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Mortgage Broker Tip 1 |
Mortgage BrokerTip 2 |
Use your credit card wisely or get one if you don’t have oneYou will appear more trustworthy to lenders if you have a credit card and pay it off regularly. If you don’t have a credit card at all, lenders have no evidence of you making timely repayments and so are less likely to lend to you. Not managing a credit card well can has a huge effect on your credit score. Ensure you are keeping it at manageable levels, paying it off regularly and don’t draw cash from it. |
Capped MortgageA capped mortgage is a type of variable mortgage in which the repayments can only increase so much. The variable element of a variable rate mortgage is the interest rate, so with a capped mortgage your interest rate can only reach a certain level. Your repayments can go down as the Bank of England base rate varies, but you have the security of knowing they wont increase past a certain value. It is worth noting that the cap tends to be high, so make sure you can afford your maximum rate, should it reach it. |
Average property price in Cromer | £241,339 |
% Change compared to last year | 8% |
Population of Cromer | 7,683 (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 Cromer 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.