What is a mortgage?

A mortgage is a kind of loan to allow you to buy a house – you borrow money, then you have to pay it back with interest over a period of time. A mortgage though, unlike a personal loan, is secured against your home. You will need to decide:

  • The type of mortgage
  • How interest is applied to the mortgage e.g. Fixed, Tracker, Discounted
  • The features and flexibility of the mortgage
  • Repayment or Interest only mortgage

We are here to make that process easy for you, and ensure you choose the most suitable mortgage available. The internet has enabled people looking for a mortgage to examine all the options available. However, it is recommended, as with all financial decisions, to speak to a professional, impartial adviser who can help you through what can be a complex decision process to arrive at the mortgage that best suits your personal circumstances.

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Use Money Workouts unique search tool which scours the whole of the market to find the absolute very best mortgage deal available to you
Call us now. Call our expert advisers now on: 0845 293 7737

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Our initial advice is free for broker whole of market products. If you choose to include direct products in the advice we provide, we charge an upfront fee of £49.99. This fee is refunded if we do not find you a mortgage or if the best product for your needs is a broker product. For arranging your mortgage our typical fee is £449 which is payable on completion. We may also be paid a commission by the lender. We charge no fee for insurance advice. If you arrange insurance through us the insurer will pay us a commission.

Your search result should not be considered advice or recommendation. We have access to additional exclusive products that may be more appropriate for your circumstances. Contact Money Workout for professional advice.

Money Workout and Defaqto do not assume liability for errors or omissions.

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