Remortgage ABC…

Remortgage ABC offers general information about Remortgages, Mortgages,
Loans, Bad Credit, & Insurance.which is not to be taken as financial advice.

Mortgages Information

Main Mortgage Types
New Mortgage Types

The current UK mortgage market is considered to be one of the most competitive mortgage markets in the world. The variety of mortgages offered by UK mortgage lenders is so vast that mortgage applicants are compelled to research their mortgage options before committing to the mortgage deal best suited to their needs.

There's a myriad of mortgage options available in the UK mortgage market and it pays to shop around for the best mortgage deals.

Fixed Rate Mortgages

Fixed rate mortgages fix the interest rate, typically for the initial 2-5 years of the mortgage agreement. Once this time period is at it's end the monthly mortgage repayments return to the mortgage lenders standard variable rate (SVR)

Variable Rate Mortgages

Variable rate mortgages offer a fluctuating interest rate in line with the mortgage lenders SVR. These mortgages often experience rises and falls in the mortgage repayment figure.

Capped Rate - Collard Rate Mortgages

Capped Rate refers to the cap on the level of the interest rate applied to the mortgage and collar refers to the lowest interest rate the mortgage applicant would be obliged to.

Discounted Rate Mortgages

Discounted rate mortgages offer a discounted interest rate for the initial period of the mortgage. These mortgages help keep the mortgage repayment cost lower in the early years of the mortgage.

Cash Back Mortgages

Cash back mortgages offer a cash incentive to the mortgage applicant, the cash back incentive can be used for any purpose.

New Mortgages

Flexible Mortgages
Off Set Mortgages
Long Term Mortgages

Over the lifetime of the UK mortgage market new and innovative mortgage solutions have evolved such as flexible repayment mortgages, current account (off set mortgages) and long term mortgages.