Our Mortgage Broker Guide to getting a mortgage in Eastbourne
The mortgage application process has 4 stages regardless of which mortgage lender you use:
| |
Mortgage Broker Tip 1 | Mortgage Broker Tip 2 |
A bad credit rating can lead to expensive borrowingIf your credit rating drops you pay have to pay higher APRs on further credit. You also could be offered a reduced sum when you apply for it. Just make timely repayments and look at ways to keep your credit score high or even increase it! | Fixed Rate MortgageThe fixed element of this type of mortgage is the interest rate. The advantage of this is, as the mortgagor, you know exactly what has to be repaid each month. Any sudden changes in the Bank of England base rate will not affect your mortgage repayments.
In general, the period your mortgage has a fixed rate is two, three, five or ten years. When this period is over, typically mortgages revert to a variable rate mortgage, where the interest rate can go up or down, and hence so do your repayments. When the fixed rate term ends, you can apply for another fixed rate contract. |
Eastbourne is a seaside town in East Sussex situated 31 miles south of Royal Tunbridge Wells and 24 miles east of Brighton. There is evidence that the town has been inhabited since the stone age, despite it feeling like a new town as a lot of the town is modern. It is a large tourist town with popular landmarks being Beachy Head cliff and Eastbourne Pier.
There a number of churches in the town including the medieval parish church of St Mary in Old Town and St Saviours and St Peters. The latter is a notable landmark due to its redbrick architecture.
Beautiful beaches in Eastbourne are those such as the Grand Parade Beach, the Marine Parade Beaches and King Edward beaches, the first two being pebble beaches and the last being a sand beach. These are what make Eastbourne the popular English Holiday destination that it is.