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Mortgage Broker Tip 1 |
Mortgage BrokerTip 2 |
Don't use unauthorised overdraft facilitiesIf you've set up an authorised overdraft facility with a bank, don't exceed your limit. Fees and interest charged on unauthorised overdrafts are generally extortionate and can damage your credit rating. You should either restrict your outgoings to keep within your limit or, if you have to, find a cheaper source of finance, such as a loan. |
Family Offset MortgageThese mortgages, which are a type of offset mortgage, typically involve family members placing their savings into an account linked the mortgagor's mortgage, and their savings interest is deducted from the mortgage interest, making the mortgage cheaper. The lender often requires that the savings are 'locked in' for some considerable time (can be many years) until, for example, 75% of the mortgage is paid off. During this time, the family members cannot use the savings interest as income at all – it is tied in to being deducted from the mortgage. |
Average property price in Southall | £312,936 |
% Change compared to last year | 11% |
Population of Southall | 69,857 (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 Southall 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.