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Mortgage Broker Tip 1 |
Mortgage BrokerTip 2 |
Difficulty getting a loan from a bank? Try a Credit Union insteadCredit unions are 'not for profit' and offer low-interest loans, normally to people living or working in a particular area. APRs offered are generally lower than those of banks, saving you money on interest and therefore your repayments will be cheaper. You need to become a member of a credit union first and some require you to build up savings with them before they'll let you apply for a loan. |
Family Deposit MortgageWith family deposit mortgages, a family member places cash in a linked special savings account to help another family member secure a mortgage to buy a home and where the money in the account is held as security against the mortgage not being paid off. The cash is held for a fixed period of time, which can be quite long (many years). The risk is that the mortgagor defaults on repayments so the helper family member's money is at risk. However, savings interest is payable on the linked account, even if at a comparatively low rate, and if the correct repayments are made, there's no other cost to the helper family member. |
| Average property price in Hanwell | £512,808 |
| % Change compared to last year | 9% |
| Population of Hanwell | 25.930 (2001) |
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 Hanwell 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.
