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Mortgage UK

SmartMole burrows the UK market for the best deals in Mortgages, Repayment Mortgages, Interest only mortgages, Endownment mortgages, Flexible mortgage and much more.

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Mortgages UK

Information Page

Mortgage UK information. Useful links-

Mortgage calculator UK

Mortgage protection UK

Types of Mortgage :-

  • Repayment
  • Interest only or Endowment
  • Flexible mortgage uk

Types of Mortgage

  

Mortgage

 

We can offer no-fee flexible mortgages, with daily interest, no tie-ins, no redemption penalties, no mortgage indemnity premiums, and rates so low you'll be amazed.

Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it. Be sure you can afford the repayments before entering into any credit agreement. SmartMole Ltd is licensed by the Office of Fair Trading under the Consumer Credit Act and is registered with the Mortgage Code Compliance Board. The Mortgage Code provides protection for you as a mortgage borrower. It sets out certain minimum standards which mortgage lenders and intermediaries have to meet. Copies of the Mortgage Code are available upon request. All loans are subject to status and security. Personal Illustrations available on request.

Also known as:-

  • Mortgage loan
  • Home mortgage

Repayment

With this type of mortgage each month you pay interest on the money you have borrowed AND you pay back some of the money you have borrowed. By the end of the mortgage term you have paid back all the money you borrowed and all the interest charged.

Also Known as -

  • Capital Repayment Mortgage

Interest only

With this type of mortgage all you pay each month is interest. You do not pay back any of the money you have borrowed until the end of the term. If you choose an interest-only mortgage you must make sure that you will have enough money to repay your mortgage at the end of the term. Many people with interest-only mortgages use an endowment, personal pension plan or ISA. These types of mortgage are generally considered more risky than a repayment mortgage as they depend on investment returns and there is usually no guarantee that there will be enough money at the end of the term to repay the mortage in full. This type of mortgage usually has lower monthly payments than a repayment mortgage, but you should remember to add in the cost of any endowment policy you have to pay as well. You should also remember that if your endowment policy does not pay you the amount you need at the end - you will still owe the remaining amount on your mortgage.

Also known as:-

  • Endowment Mortgage

Flexible

The Flexible Lifestyle Tracker Mortgage is a market-leading mortgage from the Furness Building Society only available to customers (new and existing) of SmartMole. 'Flexible Lifestyle' means that it can adapt to suit your changing circumstances. For example, you can choose to pay more than the normal monthly payments to repay your mortgage early. Alternatively, you may choose to take a payment holiday to ease a difficult time. It is called a 'Tracker' mortgage because the interest rate 'tracks' the Bank of England Base Rate. SmartMole will provide you with a Personal Illustration and Agreement in Principle to help you decide if it is right for you.

Also known as:-

  • Tracker Mortgage
  • Lifestyle mortgage

 

 

 
 
 

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