Mortgage Pulse

read moreThanks for visiting Online Mortgage Calculators, the independent place for mortgage information online. All of the content on this website has been written by qualified expert advisers, who deal with mortgages on a day in day out basis. All of the advisers that we pass your details on to, are authorised and regulated by the FCA. So you can trust that you are in safe hands. Over and above the FCA registration, we meet and speak with each and every adviser to ensure that the advice they give to you, is the best you can possibly get.

read moreMark and the team helped me loads and love living in my own house. We sent an enquiry about a mortgage and within a few hours a Mortgage Adviser called and went through out details. We received Mortgage Offer in Principal which we sent to the Estate Agents and within a couple of months we were in. The service received is second to none.

read moreBy requesting a callback or sending a quick quote enquiry, we will physically look at the needs of your request and pass you over to the most relevant mortgage broker. They will contact you to verify your wants and needs and offer you a free 30 minute consultation. The mortgage broker will compile a list of your wants and needs, matching all of your requirements with the most relevant mortgage lender. They will supply a no obligation quote for you to peruse in your time. If its more of a specialist area such as a bad credit mortgage or self employed product, the broker may need a little more time to research the right mortgage product for you.

read moreRepayment Mortgages are the most popular mortgages at this moment in time. Each month you will repay some of the interest you owe plus some of the capital, obviously at the beginning of the term (usually 25 years) you will be paying more interest than capital off the sum owed. Most repayment mortgages are taken for a period of 25 years, although 30 and 35 year mortgages are becoming more and more popular. After the period, you'll have paid everything owed back to the mortgage lender and the home is yours and you will own it outright.

read moreBuy to Let mortgages are ideal for those looking at buying a property to rent out and there are many mortgage products out in the market place to enable you to do this. Most buy-to-let mortgage lenders will look at the amount of deposit you have along with how much rent you expect to receive on a monthly basis. Interest rates are usually higher for these buy-to-let mortgages but don't try and trick the lenders by taking out a standard mortgage product and then renting it out. There are many options to take on Buy to Let mortgages, including Fixed rate and variable rate mortgages.

read moreVery popular with First Time Buyers, Cashback mortgages usually offer a fixed amount or a percentage of the mortgage that will be paid to you on completion. This is ideal to cover costs such as Stamp Duty or Solicitors costs, however cashback mortgages aren't as attractive as they look. Cashback mortgages usually have either higher fee's or interest rates and you will usually find cheaper deals without the cashback. If you are in need of a lump sum ready to move, then seriously consider a cashback mortgage.

read moreOffset Mortgages aren't as popular as they used to be and are given out by a handful of mortgage lenders. Offset mortgages are linked to a savings account, current account and/or a mortgage account. The amount you have in a savings account is deducted off the mortgage balance and you pay the interest on the difference between the two. This helps cut down on the amount of interest you pay, however the mortgage rate is generally higher for offset mortgages than repayment mortgages, so unless you've got a healthy sum in the bank, it may not be the product for you.

read moreMost people think that Mortgage lending is based on a simple multiplication of your annual income, whilst this used to be true (to a point); recent legislation has now meant that you are required to go through affordability checks and the mortgage lender will also look at your other financial commitments. The general mortgage lending is a multiple of 4 times your annual salary, some mortgage lenders may push this depending on your personal circumstances. Our advice to you is to make an enquiry using the Quick Quote enquiry form and one of our qualified mortgage brokers will help you calculate the amount of mortgage you can borrow.