Help Desk

      MoneySuperMall has compiled a comprehensive list of all the major Lender & Broker of UK Mortgage.

• Broad range of Mortgage Types. Mortgage to Remortgage, we have everything.

• Thinking about switching mortgage lender or fresh mortgage, we have all the information you need.

• Stuck in a credit rating, not being approved for credit, then an adverse Remortgage could help.

		Compare Mortgages

Getting a Mortgage

A mortgage is a loan taken out to pay for the purchase of property, usually a house. Due to the size of the loan the lender will usually take security to cover themselves in the event of non payment of mortgage installments; usually they will hold the deeds of the house for this purpose. Mortgages in the UK are usually taken out over 25 years, although with rising house prices pricing first time buyers out of the market this term is often exceeded to 30 or 40 years

Find the right lender & broker

You have a wide choice of lenders available from high street banks and building societies to specialist mortgage lenders who cater to the self-employed, those with bad credit histories or other niche groups. These higher risk categories will be penalised with higher rates of interest on their mortgage. In some circumstances, individuals may not be able to find a lender willing to lend to them – or a lender may only be prepared to lend a certain percentage of the required amount. Mortgage brokers are well equipped to find mortgages which are tailored to many different situations, if your situation is 'non-standard' you should consider using a broker. Find the right broker and lender at www.moneysupermall.co.uk

Take into account contingencies

The most important thing to consider when seeking the best mortgage deals for buying a new house is how much you can afford to pay on a monthly basis. Take into account contingencies, what would happen if mortgage interests rates rise to 10% or 15%, what would happen if you lose your job or are incapable of working? Consider the advantages and disadvantages of going for a fixed rate loan over a long period rather than a variable rate loan which follows interest rate fluctuations.