06 Feb 2012 08:16:22
House prices 'up 0.6% in January'
UK house prices increased by 0.6% in January, according to the latest survey from the Halifax.
Types of Mortgages
There 2 simple ways to repay your mortgage:-
• Capital & Interest - a mortgage that repays the interest and the capital amount over the term of the mortgage and guarantees the mortgage is fully repaid by the end of the term provided you have kept up payments on it.
• Interest Only - a mortgage that only repays the interest element of the mortgage which means payments are cheaper throughout the term of the mortgage but the original amount borrowed still needs to be repaid at the end of the term of the mortgage. A standalone repayment vehicle is usually recommended to run alongside the mortgage and is not guaranteed to pay off the mortgage.
There are also many different Mortgage Deals.
At Suitable Mortgages we are Independent which means we can search the market for the best Mortgage deals available.
Whatever your circumstances, make sure you use our experience to provide you with the best mortgage advice for you. Contact us now for an initial discussion.
News
04 Feb 2012 00:01:34
Annuity sales 'unfair and opaque'
The way annuities are sold is costing half a million retirees each year as much as £1bn in future pension income, the National Association of Pension Funds says.
