Mortgages - What happens if I lose my job?

 
 
 

Below we have outlined the most common questions asked about mortgages.
Please click on a question to get the relevant answer.

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Costs
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How long will I have a mortgage for?
What is an APR?
Do I have to have life insurance to get a mortgage?
How much can I borrow?
What is a higher lending charge (HLC)?
Can I get a mortgage before I find a property?
Can I get a mortgage even if I have a bad credit history?
What happens if I lose my job?
What types of mortgage are there?
How do I repay my mortgage?

Losing you job can put your home at risk if you are no longer able to make payments. Because of this it is highly recommended that you take out an insurance policy that protects your mortgage repayments in the event of illness or unemployment. See our insurance section on this website for details.

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  03/07/2008 - HSBC mortgages. . HSBC has launched a range of discount deals, including a 4.99% two-year discount loan...
28/06/2008 - Mortgage workers lose jobs. . The tightening up of the mortgage market has not just resulted in many thousands...
21/06/2008 - Flagging property market to cost government £5 billion in stamp duty. . The government is set to lose 5bn in tax revenue as a result of...
 
  Mortgage repayments. . Mortgage repayment refers to the process of repaying a loan taken out to buy...
Fixed Rate Mortgages. For most of us, deciding to take on a mortgage is a huge long term...
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  28/06/2008 - Mortgage crisis leads to falling sales. . It is becoming a familiar scene, roads lined with 'For Sale' sign as houses...
27/06/2008 - Mortgage crisis in the US sees professionals lose their homes and live in cars. . With the amount of mortgage foreclosures continuing to rise in the United States, shocking...
23/06/2008 - Mortgage holders face increases in stamp duty. . The latest survey by the Royal Institution of Chartered Surveyors suggests that residential property...
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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPATMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

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