A mortgage is a legal document pledging property as security for the payment of a loan. It is a formal document, which proves the legal claim on your property that the lender holds as security for the money you borrowed. There are two people involved in a mortgage, you and the lender. However, if you do not pay the debt as agreed the lender, through a court proceeding, can force the sale of your property to pay off your debt.An interest only mortgage is where the repayments are set against the interest on the loan only, so only the interest is being paid. This means that by the end of the mortgage term, the capital originally borrowed is still outstanding. Borrowers are advised to make regular payments into an investment policy, such as an Endowment mortgage, an Individual Savings Account (ISA) mortgage or a pensions mortgage, to pay off the balance. This type of mortgage usually works out cheaper because only the interest on the loan is being paid. However, at the end of the mortgage term, if you do not have enough savings to pay off the balance, you risk losing your home. It is also worth noting that this type of mortgage is preferred if you intend to move home, as it is usually not dependent on staying in the one home, therefore it can work out cheaper in the long run.
mortgage navigation Home About First time buyer Type of mortgage Application form Sitemap FAQs Contact us uk mortgage remortgage


Bad credit mortgage assistanceWelcome to Mortgage Hunters

Mortgage Hunters are pleased to assist applicants who have bad credit or adverse credit find a mortgage at low rates, we assist clients from a wide range of backgrounds to obtain mortgages and remortgages which can be used for any purpose including buy to let or re-financing purposes.

Our expertise is in finding mortgages for clients who have found it difficult to obtain finance.

A flexible mortgage is one where you can vary the payments you make from month to month. For example, if your income is changeable, if you receive bonuses regularly, if some months you have a higher expenditure, you can choose to pay less or more to your mortgage. With other mortgages, you can incur a charge for this. A flexible mortgage is more suitable for some people; however, the mortgage lender will have a minimum payment arrangement is adhered to.
  We can assist with any type of
 of Problem including:

  Self certification of income

  Capital Raising for Debt Consolidation

  Discharged Bankrupts

  CCJs, Arrears, Defaults

  IVAs satisfactorily conducted

  Self Employed with no accounts

 

 

A repayment mortgage is one where the borrower pays the amount of capital borrowed plus the interest on the loan. This is the most straight forward type of mortgage, as borrowers know exactly what they are paying back - the amount borrowed plus interest. If you intend to move home with this type of mortgage, you will most likely have to arrange another mortgage with a term of 25 years or so, in order to keep your payments affordable. You usually do not require to have an additional investment policy for this type of mortgage, so are not investing in the stock market.

Apply now

 
 



“THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE   
REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

  The overall cost for comparison is 8.3% APR. The rate is variable and based on an usual case,   including fees of £2,745.

  The actual rate available will depend upon your circumstances. Ask for a personalised illustration.
If you are thinking of consolidating existing borrowing you should be aware that you will be extending  
 the term of the debt and increasing the total amount you repay.”



  
 
Home | About | First time buyer | Type of Mortgage | Self employed mortgage | Bad credit mortgage | Bad credit remortgage
Buy to let mortgage | Commercial mortgage | Remortgage | Application form | Use of information | Site map | FAQ's | Contact us


Copyright All Rights Reserved.