Below we have outlined the most common questions asked about mortgages. Please click on a question to get the relevant answer.
The Compare and Buy Tables Costs Jargon Buster 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?
The types of mortgages are: Tracker – Where repayments follow the interest rate and are changed monthly. Variable – Where the rate can be changed by your lender. Fixed Rate – Where the APR is fixed to a set amount for a limited amount of time. Discount – Where you first few monthly repayments are offered at a discounted rate. Capped – Where your monthly repayments can vary but never go above a certain level.
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Only Finance Ltd is authorised and regulated by the Financial Services Authority, FSA registration number: 466941. Our registered offices are 1 Kings Avenue, Winchmore Hill, London N21 3NA, company number: 05640662. Telephone 0207 377 1805.