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A mortgage is a credit or loan obtained to pay for the purchase of property, specially a house. In relation to the size of the loan the lender will generally accept security to cover themselves in the event of nonpayment of mortgage installments; usually they will keep the deeds of the house for this purpose. Mortgages in the UK particularly last 25 years, although with rising house prices pricing first time buyers out of the market this term is frequently exceeded to 30 or 40 years.

The most important thing to consider when you seek the best mortgage deals for buying a new house is how much you can pay on a monthly basis. Take into account eventualities, what would occur if mortgage interests rates rise to 10% or 15%, what would occur if you lose your job or you are incapable of working?, you should meditate the advantages and disadvantages of obtaining a fixed rate loan over a long period rather than a variable rate loan which follows interest rate fluctuations. Remember to factor in any relevant insurance to cover against unforeseen contingencies.

Once you know how much you can afford you can start to look for properties which will fit in your price range, and you will be able to obtain a mortgage agreement from the very beginning from your mortgage lender of choice.

Mortgage Companies:


C&G C&G aims to be an outstanding provider of mortgages, savings and other financial products. We are one of the UK's most cost-efficient lenders and are part of the Lloyds TSB Group. We work hard to maintain our reputation for excellent service and good value, and if a problem arises, we'll investigate it quickly and fairly.

Website: C&G

Clydesdale Bank

Clydesdale Bank The Clydesdale Bank PLC (Scottish Gaelic: Banca Dail Chluaidh) is a commercial bank in the United Kingdom, a subsidiary of the nab Group. In Scotland, the Clydesdale Bank is the third largest clearing bank, although it also retains a branch network in London and the north of England.

Website: Clydesdale Bank

HSBC Mortgage Services

HSBC Mortgage Services HSBC Mortgage Services is a leading mortgage provider with a firm commitment to delivering quality service to our customers. We offer a wide range of mortgage products and provide a variety of financial services to our mortgage holders.

Website: HSBC Mortgage Services

Ecology Building Society

Ecology Building Society Ecology Building Society is a Building Society in the United Kingdom. It is the 57th largest in the United Kingdom based on total assets of 63 million at 31 December 2005. The initial vision was to set up a building society that specialized in properties that conveyed an ecological benefit in terms of construction, use of land or lifestyle.

Website: Ecology Building Society

Halifax Plc

Halifax Plc Halifax plc is a commercial bank in the United Kingdom, part of the HBOS Group. Prior to 1997, it was the UK's largest building society, known as the Halifax Building Society. The Halifax is the UK's largest provider of residential mortgages and saving accounts. It is named after the town of Halifax, West Yorkshire where it retains its headquarters.

Website: Halifax Plc

Mortgages Guide

Mortgages A mortgage represents a loan or lien on a property/house that has to be paid over a specified period of time. Think of it as your personal guarantee that you'll repay the money you've borrowed to buy your home. Mortgages come in many different shapes and sizes, each with its own advantages and disadvantages. Make sure you select the mortgage that is right for you, your future plans, and your financial picture.

Website: Mortgages

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