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Mortgage Broker Tip 1 |
Mortgage BrokerTip 2 |
Check your credit file after receiving any rejection for a credit applicationIf you don't find out why you've been rejected by checking your credit file and make further applications, each application worsens your credit score in turn. If you discover an error, you might be able to get successive searches wiped but you'll have to negotiate with the relevant agency and lenders and success isn't guaranteed. |
Tracker MortgageTracker mortgages are in the wider class of variable rate mortgages and normally, the rate is a few percentage points above the prevailing Bank of England base rate. There is often a fixed term during which the arrangement operates, which is something in common with fixed rate mortgages. The fixed term carries with it an early repayment charge if you choose to leave before it is ended. The interest charged at the outset is normally cheaper than for a fixed rate mortgage, however you are taking the risk that the rate might rise sharply, increasing the cost of your repayments in the same way. They therefore might not be attuned to buyers who have limited finances who cannot accommodate a sudden rate rise. When a tracker mortgage has a lifetime – or length of the mortgage – term, there won't be an early repayment charge for leaving, but the risk of rates rising and making repayments very expensive remains. |
Average property price in Ongar | £344,844 |
% Change compared to last year | 0% |
Population of Ongar | 6,069 (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 Ongar 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.