Moneyhelper.org.uk view all mortgage

Mortgage calculator Calculate your monthly mortgage payment

Details: your mortgage if there was an interest rate rise. You can also adjust the mortgage term, interest rate and deposit to get an idea of how those affect your monthly payments. To get started all you need is the price of your property, or the amount left on your mortgage.

› Verified 3 days ago

› Url: https://www.moneyhelper.org.uk/en/homes/buying-a-home/mortgage-calculator Go Now

› Get more:  MortgageGo Now

How to apply for a mortgage

Details: How to apply for a mortgage. If you’re thinking about buying a home, applying for the mortgage can seem like a daunting task. You will need to provide lots of information and fill in loads of forms, but being prepared will help the process move as smoothly as possible.

› Verified 1 days ago

› Url: https://www.moneyhelper.org.uk/en/homes/buying-a-home/how-to-apply-for-a-mortgage Go Now

› Get more:  MortgageGo Now

Government help if you can’t pay your mortgage

Details: the Mortgage to Rent scheme where a social landlord buys your home and rents it back to you; the Mortgage to Shared Equity scheme where the Scottish Government buys up to a 30% stake in your home, which reduces how much you owe on your mortgage. You continue to live in your home but make lower mortgage repayments as a result.

› Verified 9 days ago

› Url: https://www.moneyhelper.org.uk/en/homes/buying-a-home/government-help-if-you-cant-pay-your-mortgage Go Now

› Get more:  MortgageGo Now

How much can you afford to borrow for a mortgage

Details: Use our Mortgage Affordability Calculator to estimate how much you can borrow. They must also assess the monthly payment you can afford, after looking at your outgoings as well as your income. This is called an affordability assessment. The lender must also look ahead and ‘stress test’ your ability to repay the mortgage.

› Verified 3 days ago

› Url: https://www.moneyhelper.org.uk/en/homes/buying-a-home/how-much-can-you-afford-to-borrow-for-a-mortgage?source=mas Go Now

› Get more:  MortgageGo Now

Interest only and repayment mortgages explained

Details: A capital and repayment mortgage is the most common type of mortgage being offered at the moment. With this type of mortgage, you’ll make monthly repayments for an agreed period of time (known as the ‘term’) until you’ve paid back both the capital and the interest.

› Verified Just Now

› Url: https://www.moneyhelper.org.uk/en/homes/buying-a-home/mortgage-repayment-options Go Now

› Get more:  MortgageGo Now

A guide to mortgage payment holidays

Details: A mortgage payment holiday is an agreement you might be able to make with your lender that allows you temporarily to stop or reduce your monthly mortgage repayments. For example, depending on your circumstances and previous payment history, you might be able to take a break for usually up to six months:

› Verified Just Now

› Url: https://www.moneyhelper.org.uk/en/homes/buying-a-home/a-guide-to-mortgage-payment-holidays Go Now

› Get more:  MortgageGo Now

Mortgage-related fees and costs

Details: Some mortgage deals might seem attractive, but fees can quickly add up. When comparing mortgage offers, add up all the charges over the length of the deal as well as your monthly repayments. For example, if your repayments are £1,000 per month on a two-year fixed-rate mortgage, plus £300 in fees, the total cost of the deal is £24,300.

› Verified 7 days ago

› Url: https://www.moneyhelper.org.uk/en/homes/buying-a-home/mortgage-related-fees-and-costs-at-a-glance Go Now

› Get more:  MortgageGo Now

Increasing your mortgage

Details: Increasing my mortgage – what is a further advance? A further advance is when you take on more borrowing from your current mortgage lender. This is typically at a different rate to your main mortgage. This route can make sense if: your lender’s further advance is competitive.

› Verified 4 days ago

› Url: https://www.moneyhelper.org.uk/en/homes/buying-a-home/increasing-your-mortgage-getting-a-further-advance Go Now

› Get more:  MortgageGo Now

Getting a mortgage if you’re ill or disabled

Details: Independent mortgage advisers offer impartial advice and can also shop around for you. Specialist advice can be especially useful when it comes to particular needs. A specialist independent mortgage adviser will be able to access products from across the whole market.

› Verified 7 days ago

› Url: https://www.moneyhelper.org.uk/en/family-and-care/illness-and-disability/getting-a-mortgage-if-youre-ill-or-disabled?source=mas Go Now

› Get more:  MortgageGo Now

Why mortgage applications are declined and what to do …

Details: A professional mortgage broker or independent financial adviser who specialises in mortgages will be familiar with the mortgages on offer. They will be aware of what different lenders are looking for before offering someone a mortgage, and will speak to the lender for you.

› Verified 2 days ago

› Url: https://www.moneyhelper.org.uk/en/homes/buying-a-home/why-mortgage-applications-are-declined Go Now

› Get more:  MortgageGo Now

Mortgage comparison checklist

Details: Mortgage advice: should you use a mortgage adviser? Interest only and repayment mortgages explained; Mortgage-related fees and costs; Looking for us? Now, we’re MoneyHelper. MoneyHelper is the new, easy way to get clear, free, impartial help for all your money and pension choices. Whatever your circumstances or plans, move forward with

› Verified 8 days ago

› Url: https://www.moneyhelper.org.uk/en/homes/buying-a-home/your-mortgage-comparison-checklist Go Now

› Get more:  MortgageGo Now

Mortgage affordability calculator How much can you borrow

Details: Just tell us how much you earn and what your monthly outgoings are, and we’ll help you estimate how much you can afford to borrow for a mortgage. When you get your results you can change the repayment period or interest rate to make it more closely match any …

› Verified 7 days ago

› Url: https://www.moneyhelper.org.uk/en/homes/buying-a-home/mortgage-affordability-calculator Go Now

› Get more:  MortgageGo Now

Using a lifetime mortgage to pay for your long-term care

Details: Like any mortgage, a lifetime mortgage is a loan secured against your home. You then repay it when the house is sold. The loan can either be taken as a lump sum or in amounts drawn down over a set period or for life. Interest is charged on the loan – which you either pay, or more typically, allow to roll up. If you draw down the loan, you

› Verified 1 days ago

› Url: https://www.moneyhelper.org.uk/en/family-and-care/long-term-care/using-a-lifetime-mortgage-to-pay-for-your-long-term-care Go Now

› Get more:  MortgageGo Now

Understanding mortgage interest rates

Details: Mortgage Affordability Calculator. To work out how much you can borrow, use our Mortgage Affordability Calculator. There are two main types of mortgage interest rates: Fixed rate: the interest you’re charged stays the same for a number of years, typically between two to five years. Variable rate: the interest rate you pay can change.

› Verified 4 days ago

› Url: https://www.moneyhelper.org.uk/en/homes/buying-a-home/mortgage-interest-rate-options Go Now

› Get more:  MortgageGo Now

Should you pay off your mortgage early

Details: If you can afford to make extra payments, overpaying your mortgage means you pay less interest in the future and pay off your mortgage sooner. This means you could save a lot of money. On a £150,000 mortgage at 5% with 25 years remaining, paying off a £5,000 lump sum reduces the interest by £11,500 and means you would repay it 18 months earlier.

› Verified 3 days ago

› Url: https://www.moneyhelper.org.uk/en/homes/buying-a-home/should-you-pay-off-your-mortgage-early?source=mas Go Now

› Get more:  MortgageGo Now

Why it pays to review your mortgage regularly

Details: the mortgage you want; how much you’re borrowing, and; how long you want the mortgage to last. This is known as execution-only, so the lender will write to you confirming you haven’t had advice or an assessment of whether the new mortgage is suitable for you, which you’ll need to …

› Verified 9 days ago

› Url: https://www.moneyhelper.org.uk/en/homes/buying-a-home/why-it-pays-to-review-your-mortgage-regularly Go Now

› Get more:  MortgageGo Now

Homes, property and mortgage changes after Brexit

Details: If interest rates increase, it’s likely that mortgage rates will go up for those not currently on fixed rate deals. If you’re on a variable rate mortgage and you’re worried about rates rising, you might want to consider a fixed rate deal now and have the peace of mind that your mortgage repayments won’t increase during the period of the fixed term.

› Verified 5 days ago

› Url: https://www.moneyhelper.org.uk/en/homes/buying-a-home/brexit-homes-property-mortgages Go Now

› Get more:  MortgageGo Now

Ways of repaying an interest-only mortgage

Details: Use our Mortgage Affordability calculator to find out how much you can afford to borrow. With repayment mortgages you pay off the interest and some of the capital each month, so that the mortgage will be cleared at the end of the term. With interest-only mortgages, you only pay off the interest on the amount you borrow.

› Verified 6 days ago

› Url: https://www.moneyhelper.org.uk/en/homes/buying-a-home/ways-of-repaying-an-interest-only-mortgage Go Now

› Get more:  MortgageGo Now

A guide to mortgages with special features

Details: Mortgage Calculator. Use our Mortgage Calculator to compare the effect of different interest rates. With a cashback mortgage, you’re given some cash when you take out your mortgage. The cashback sum might be a proportion of the amount you’re borrowing (for example 1%) or might be a fixed amount (for example £500).

› Verified 6 days ago

› Url: https://www.moneyhelper.org.uk/en/homes/buying-a-home/a-guide-to-mortgages-with-special-features Go Now

› Get more:  MortgageGo Now

What to do when your coronavirus mortgage payment holiday

Details: Extending the length of your mortgage means you might see a smaller increase in your monthly repayments. This might be an option to consider if you’re worried about your income falling in the future. However, you will be paying your mortgage back over a longer period, which means you will be paying more in interest payments.

› Verified 6 days ago

› Url: https://www.moneyhelper.org.uk/en/money-troubles/coronavirus/what-to-do-when-your-mortgage-payment-holiday-has-ended Go Now

› Get more:  MortgageGo Now

Retirement interest only mortgages

Details: A retirement interest-only mortgage is only available on your main residence and is very similar to a standard interest-only mortgage, with two key differences. The loan is usually only paid off when you die, move into long term care or sell the house. You only have to prove you can afford the monthly interest repayments.

› Verified 8 days ago

› Url: https://www.moneyhelper.org.uk/en/homes/buying-a-home/retirement-interest-only-mortgages Go Now

› Get more:  MortgageGo Now

Dividing the family home and mortgage during separation if

Details: This is a mortgage where a close relative agrees to guarantee the mortgage payments if you can’t. Becoming a guarantor is a serious legal step as it means taking on the responsibility for paying the mortgage if the mortgage borrower can’t. Before making a decision, it’s important that anyone considering being a guarantor:

› Verified 5 days ago

› Url: https://www.moneyhelper.org.uk/en/family-and-care/divorce-and-separation/dividing-the-family-home-mortgage-during-separation?source=mas Go Now

› Get more:  MortgageGo Now

Support for Mortgage Interest (SMI)

Details: To get Support for Mortgage Interest, you must be out of work or of State Pension age, and get: Pension Credit. There’s a 39-week waiting period from the time you claim SMI until your first payment is made. This is unless you’re getting Pension Credit, …

› Verified 8 days ago

› Url: https://www.moneyhelper.org.uk/en/benefits/benefits-to-help-with-housing-costs/support-for-mortgage-interest Go Now

› Get more:  MortgageGo Now

Second charge or second mortgages

Details: A second mortgage allows you to use any equity you have in your property as security against another loan. It means you’ll have two mortgages on your property. Equity is the percentage of your property owned outright by you, which is the value of the home minus any mortgage (s) owed on it. The amount a lender will allow you to borrow will vary.

› Verified 7 days ago

› Url: https://www.moneyhelper.org.uk/en/homes/buying-a-home/second-charge-or-second-mortgages Go Now

› Get more:  MortgageGo Now

Buying a home Help with buying a home MoneyHelper

Details: Buying a home is a big purchase – after all, it normally takes two decades to pay off a mortgage. Explore our advice on buying a home and taking out a mortgage. Got a pension question? Our help is impartial and free to use. Get in touch online or over the phone on 0800 011 3797. Close.

› Verified 3 days ago

› Url: https://www.moneyhelper.org.uk/en/homes/buying-a-home Go Now

› Get more:  MortgageGo Now

How much does the average mortgage cost

Details: Mortgage length: 30 years Interest rate: 1.73% Total amount repaid: £327,570 Total paid in interest: £72,035. In these examples, the interest totals are worked out as if the interest stays the same. In real life, the interest rates on your mortgage could go up every time you remortgage – so every 2, 3 or 5 years, depending on when you

› Verified 6 days ago

› Url: https://blog.moneyhelper.org.uk/blog/how-much-does-the-average-mortgage-cost Go Now

› Get more:  MortgageGo Now

Help to Buy scheme – everything you need to know

Details: You borrow the rest (up to 75%, or 55% if you live in London) from a mortgage lender, on a repayment basis. The equity loan is interest-free for five years. From year 6, you’ll be charged 1.75% which will increase by the Consumer Price Index (CPI) plus 2% (1% if you took the equity loan before December 2019).

› Verified Just Now

› Url: https://www.moneyhelper.org.uk/en/homes/buying-a-home/help-to-buy-scheme-everything-you-need-to-know Go Now

› Get more:  MortgageGo Now

Could a 30 year mortgage help you buy a home

Details: So, a mortgage that lasts 30 years, or even 35 years, is a way to pay less every month as you’ve an extra five or 10 years to spread the mortgage across. But don't forget… You’ll pay more over the course of your mortgage. The longer you have a mortgage, the longer you have to pay interest on the money you borrow.

› Verified 1 days ago

› Url: https://blog.moneyhelper.org.uk/blog/could-a-30-year-mortgage-help-you-buy-a-home Go Now

› Get more:  MortgageGo Now

How much deposit do I need for a mortgage

Details: The mortgage you get is for 75% of the LTV of the house. 20% is taken from an equity loan, with the final 5% taken from your deposit. In London, the 20% equity loan be as high as 40%, so you’d get a 55% mortgage.

› Verified 7 days ago

› Url: https://blog.moneyhelper.org.uk/blog/how-much-deposit-need-mortgage Go Now

› Get more:  MortgageGo Now

One million face interest-only mortgage struggle

Details: One million face interest-only mortgage struggle. Research from Citizens Advice (CA) shows 934,000 people with interest-only mortgages have NO plan in place to pay it off. This means a huge number of people could face repossession if they’re unable to find the money when the mortgage ends. Of the 3.3 million interest-only mortgage holders, CA

› Verified 5 days ago

› Url: https://blog.moneyhelper.org.uk/blog/one-million-face-interest-only-mortgage-struggle Go Now

› Get more:  MortgageGo Now

Shared equity or Partnership Mortgages

Details: Shared equity (Partnership Mortgage) loan (ten-year term) – £40,000. Total £200,000. After ten years your home is worth £300,000 – an increase of £100,000. If you’re staying where you are, you need to repay £80,000 to the Partnership Mortgage lender (the original loan plus a 40% share of the gain in value of the property).

› Verified 2 days ago

› Url: https://www.moneyhelper.org.uk/en/homes/buying-a-home/shared-equity-or-partnership-mortgages Go Now

› Get more:  MortgageGo Now

Buy-to-let mortgages explained

Details: Buy-to-let mortgages are a lot like ordinary mortgages, but with some key differences. The fees tend to be much higher. Interest rates on buy-to-let mortgages are usually higher. The minimum deposit for a buy-to-let mortgage is usually 25% of the property’s value (although it can vary between 20-40%).

› Verified 4 days ago

› Url: https://www.moneyhelper.org.uk/en/homes/buying-a-home/buy-to-let-mortgages-explained Go Now

› Get more:  MortgageGo Now

First-time home buyer guide

Details: A mortgage is a loan taken out to buy property or land. Most run for 25 years, but the term can be shorter or longer. You’ll need to save up to 5% or more of the purchase price as a deposit, and borrow the rest of the money (the mortgage) from a lender such as a bank or building society.

› Verified 1 days ago

› Url: https://www.moneyhelper.org.uk/en/homes/buying-a-home/first-time-buyer-money-tips Go Now

› Get more:  BankGo Now

How to pay back an interest-only mortgage

Details: Unlike repayment mortgages, interest-only mortgages let you pay back just the interest each month. So, if you borrowed £100,000 for 10 years, the full £100,000 will still be payable at the end of the 10 year term. When new mortgage rules were introduced in …

› Verified 8 days ago

› Url: https://blog.moneyhelper.org.uk/blog/how-to-pay-back-an-interest-only-mortgage Go Now

› Get more:  MortgageGo Now

Want a buy-to-let mortgage

Details: Want a buy-to-let mortgage? Three things to consider. Buy-to-let properties might sound like a good way to earn money, but extra demands on your time and pocket can make it a difficult and risky investment. There's been a growth in popularity for buy-to-let mortgages. Latest figures from the Council of Mortgage Lenders (CML) show that there

› Verified 8 days ago

› Url: https://blog.moneyhelper.org.uk/blog/want-a-buy-to-let-mortgage-three-things-to-consider Go Now

› Get more:  InvestmentGo Now

Negative equity: what it means and what you can do about it

Details: A property is in negative equity if it’s worth less than the mortgage you have on it, and it’s normally caused by falling property prices. For example, if you bought a property for £150,000, with a mortgage for £120,000 and the property is now worth £100,000, you would be in negative equity. However, if you had bought a property for £

› Verified 2 days ago

› Url: https://www.moneyhelper.org.uk/en/homes/buying-a-home/negative-equity-what-it-means-and-what-you-can-do-about-it Go Now

› Get more:  MortgageGo Now

How does remortgaging work

Details: Every mortgage deal has a limit to how much you can borrow when compared with the current value of the property. This is shown as a percentage and is called the ‘loan-to-value’. When you remortgage, the lower the loan-to-value you need, the more deals that might be available to you – which should get you cheaper mortgage deals.

› Verified 9 days ago

› Url: https://www.moneyhelper.org.uk/en/homes/buying-a-home/remortgaging-to-cut-costs Go Now

› Get more:  MortgageGo Now

Mis-sold endowment mortgages

Details: How to complain. Your first step should be to contact the business that sold you the endowment policy in writing. This might be a financial advisory firm, a mortgage lender or an endowment provider. Try to pull together as much documentation as you can find and write down your grounds for complaint.

› Verified 3 days ago

› Url: https://www.moneyhelper.org.uk/en/homes/buying-a-home/mis-sold-endowment-mortgages?source=mas Go Now

› Get more:  BusinessGo Now

A year on from the mortgage shake up

Details: The changes, part of the Mortgage Market Review (MMR) also mean lenders don't just look at your finances now, but also how things might change in the future. So if your bank statement suggests you'll struggle with an interest rate rise or starting a family, you …

› Verified 5 days ago

› Url: https://blog.moneyhelper.org.uk/blog/a-year-on-from-mortgage-shake-up-how-to-prepare-for-your-application Go Now

› Get more:  FinanceGo Now

What to do if you’re struggling to remortgage

Details: This means when you come to switch your mortgage you could be assessed on a higher loan to value (LTV), which reduces you chances of successfully remortgaging. The loan to value is the amount you borrowed (or if you’re remortgaging, the amount left to pay back) compared with the value of the property. For example, if you borrowed £160,000 to

› Verified 8 days ago

› Url: https://www.moneyhelper.org.uk/en/homes/buying-a-home/what-to-do-if-youre-struggling-to-remortgage Go Now

› Get more:  MortgageGo Now

Saving money for a mortgage deposit

Details: Saving up for a deposit can seem like the most difficult part of buying a home. While having a large deposit gives you the best chance of getting a good mortgage deal with a low interest rate, there are options available for people with lower deposits and government help to get you on the housing ladder.

› Verified 9 days ago

› Url: https://www.moneyhelper.org.uk/en/homes/buying-a-home/saving-money-for-a-mortgage-deposit Go Now

› Get more:  MortgageGo Now

Compensation if you’ve lost money through mis-selling

Details: Declared in default before 1 January 2010 – the scheme can pay the first £30,000 and 90% of the next £20,000, up to a maximum of £48,000 of your mortgage mis-selling claims against one firm. For example, if you lost £30,000 you might get it all back, but if you lost £45,000 you might get only £43,500 back. Back to top.

› Verified 1 days ago

› Url: https://www.moneyhelper.org.uk/en/money-troubles/money-problems-and-complaints/compensation-if-youve-lost-money-through-mis-selling Go Now

› Get more:  MortgageGo Now

How to prepare for an interest rate rise

Details: When, and if, your mortgage repayments are affected by an interest rate change will depend on what type of mortgage you have and when your current deal ends. If you have a variable rate tracker mortgage, linked to the BoE base rate you are likely to see an immediate impact on your mortgage repayments if there is an interest rate rise.

› Verified 4 days ago

› Url: https://www.moneyhelper.org.uk/en/homes/buying-a-home/how-to-prepare-for-an-interest-rate-rise Go Now

› Get more:  MortgageGo Now

Free and impartial help with money, backed by the

Details: Mortgage calculator A helping hand on the property ladder All tools & calculators Free money and pensions guidance. Our help is impartial and free to use, whether that’s online or over the phone. Pension questions? Get in touch. One of our pension specialists will be happy to answer them.

› Verified 4 days ago

› Url: https://www.moneyhelper.org.uk/en?source=mas Go Now

› Get more:  MortgageGo Now

Top Categories

 › Trading

 › Stock

 › Forex

 › Money

 › Apple

 › Amazon

 › Accounting

 › Finance

 › Business

 › Bank

 › Gold

 › Education

 › Consulting

 › Software

 › Marketing

Recently Searched

 › Boa mortgage payoff department

 › Bank of texas mortgage payments

 › How to work out mortgage

 › Investment real estate mortgage rates

 › How to watch mortgage rates

 › Calculate total interest on mortgage

 › How to use rocket mortgage

 › Rocket mortgage for insurance

 › How to transfer mortgage note

 › Mortgage rate increase today

Related topics