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Mortgage Broker Tip 1 |
Mortgage BrokerTip 2 |
Bad Credit MortgageHaving a high credit rating has an impact on what mortgages will be available to you (you have less options) and can also delay the mortgage process, increase the eventual interest rate and mean increased product fees. However, even with a bad credit rating it is still possible to get a mortgage. There are independent mortgage brokers who can help to find a mortgage that is suitable for your credit score. Brokers are able to find mortgages based on their knowledge of the current market and can also best advise you on which lenders are likely to lend to you. If you are successful in your mortgage application, if you then make all your repayments on time then your credit score will improve, which will in turn allow you to arrange better borrowing terms in future. |
Discount MortgageDiscount mortgages are another variant of variable mortgages but the discount is linked to the lender's standard variable rate (SVR) as opposed to the Bank of England's base rate. One of the risks involved is that the lender, if stated within its terms & conditions, can reserve the right to increase its rate independently of any movement – or non-movement – of the Bank of England base rate. The discount normally applies during a fixed, agreed term and all mortgages that have a fixed term normally require a mortgagor to pay a large early repayment charge if they opt to leave early. |
Average property price in Telford | £179,556 |
% Change compared to last year | 4% |
Population of Telford | 142,723, (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 Telford 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.