house
all about mortgages: how much can you borrow
Bank and building societies have loosened their restrictions of late on the amount of money that you can borrow. The rule seems to be that for a standard mortgage you can borrow between 3 and 3.75 times a single salary and you need a deposit of 10%.
If you want to borrow any more than that [...]
all about mortgages: interest rates
The amount of money that you eventually pay back on your mortgage is determined largely by the interest rates (its also influenced by whether you use a repayment or an interest only mortgage) . There are several different ways in which the level of interest might be set on a mortgage.
Variable Rate
This the mortgage companies plain vanilla option. The interest [...]
all about mortgages: repayment and interest only
There are a large number of different sorts of mortgage products available in the UK. In essence a mortgage is a loan secured on your house that the bank or society expect you to pay back with interest. The defining characteristics of any mortgage product are how you are expected to pay it back, and how the interest rate [...]
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