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Mortgage Broker Tip 1 |
Mortgage BrokerTip 2 |
Don't just pay the minimum repayment on your credit cardWhile you should always pay at least the minimum monthly repayment on your credit card and on time, it's very worth paying more than this and doing so will boost your credit score. Lenders view paying off more than the monthly required minimum sum as evidence of good financial management and inform credit reference agencies accordingly. |
Capped MortgageCapped mortgages are variable rate mortgages and the cap comes into play if the rate rises and ensures that repayments cannot rise beyond a certain amount. If the rate falls, then repayments become less. If you are thinking of taking up a capped mortgage, you need to be sure that you are able to make payments should the rate rise to and stay at the level of the cap: if the cap is set too high, problems can occur as payments become too expensive to accommodate. Capped mortgages are normally capped for an agreed fixed term and if this is the case you can only leave if you pay a large early repayment charge. Once the fixed term has elapsed, the mortgage is normally converted to one which is variable with the lender's standard variable rate. From this point, there are no penalties for choosing to take up a mortgage of another type. |
| Average property price in Leyton | £384,774 |
| % Change compared to last year | 17% |
| Population of Leyton | 14,184 (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 Leyton 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.
