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Mortgage Broker Tip 1 | Mortgage Broker Tip 2 |
Don't use your credit cards to withdraw cashYou should only ever withdraw cash using a credit card in an emergency. It's very expensive and worse, lenders view it as proof that your money management skills are poor: it is recorded on your credit file. | Endowment MortgageEndowment mortgages are traditionally associated with interest-only mortgages and so are only open to non-residential investors such as those looking to buy to let. Your monthly repayments pay off the interest on the loan only with an interest-only mortgage and don't address payment of the capital. The endowment element works by you paying into an endowment fund and part of your payment is put towards life cover (if you die, the capital is paid off). The endowment fund itself is an investment fund which you invest in monthly and which is intended to grow, during the mortgage period, to become large enough on surrender at the end of the period to cover the capital. The risk – and controversy surrounding these products – concerns the fund not growing sufficiently to cover the full capital amount such that there is a shortfall which has to be made up. |
| Average property price in Gravesend | £231,324 |
| % Change compared to last year | 9% |
| Population of Gravesend | 66,000 |
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 Gravesend 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.
