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Mortgage Broker Tip 1 |
Mortgage BrokerTip 2 |
Don't even think about hiring a computer hacker to delete negative items from your credit report!Hopefully a no-brainer: don't ever hire a anyone purporting to be a computer hacker to (illegally) manipulate your credit file. Not only do you face going to prison if the hacker you approach is genuine and you're found out – and fraud detection methods are becoming increasingly sophisticated – but you are also – and this outcome is more probable – likely to be simply cheated of any money you've paid over. Shady adverts offering these kind of services are becoming increasingly common; pay no heed to them and stick to legitimate methods when it comes to successful debt management – unless you want to end up poor or even inhabiting a prison cell. |
Fixed Rate MortgageA fixed rate mortgage is one where the interest charged on your monthly repayments is fixed for a particular set period; 2, 3, 5 and 10 years are the most common. You benefit by knowing exactly how much money you'll have to have put aside each month without having to worry about what is happening in the capital markets and whether the Bank of England base rate will rise (thus making your repayments more expensive). When the set period comes to an end, your mortgage then becomes subject to the bank's standard variable rate (SVR) which means that it then moves in line with an index, which is most commonly the Bank of England's interest rate, referred to above. You can then opt either to stay on the SVR or to take out a new fixed rate mortgage, either with the same provider or with a new one. Interest rates charged on fixed rate mortgages are often initially higher than for those chargeable under the SVR, however the repayment sum cannot rise higher meaning there's more peace of mind. You should be wary, however, of leaving a fixed rate mortgage before the fixed period has finished, because you'll normally have to pay a hefty early repayment charge to do so. |
| Average property price in Finchampstead | £558,005 |
| % Change compared to last year | 13% |
| Population of Finchampstead | 668 (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 Finchampstead 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.
