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Mortgage Broker Tip 1 | Mortgage Broker Tip 2 |
Lower your credit utilisation ratioThe credit utilisation ratio is how much credit you've taken up as a portion of how much credit you've been offered. Your credit score will generally rise the lower this ratio is. As a general rule, you should always keep the ratio below 50% overall and considerably lower if possible. If you have more than one credit card you should also be aware of the utilisation ratio overall and per card, because credit reference agencies take all the measure into account. | Capped Rate MortgageCapped rate mortgages are variable rate mortgages with an agreed cap on how high the rate – and therefore your repayments – can rise. The rate can fall, meaning your payments become cheaper, and cannot rise above a certain agreed level, making it easy for you to budget and more predictable. You should be very clear about whether you can afford to make the repayments at the level of the cap, which might be set quite high and the interest rates offered may be less competitive than for other variable and fixed rate mortgages. Capped rate mortgages may also be for a particular fixed time period and if they are, you may have to pay a large sum if you choose to leave early. |
| Average property price in New Malden | £511,522 |
| % Change compared to last year | 7% |
| Population of New Malden | 28,500 |
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 New Malden 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.
