Grovelawn

read moreGrovelawnFinancial.co.uk & Grovelawn Financial Services is a non-regulated trading style of Grovelawn Ltd. We are committed to finding you a reputable No Fee Mortgage Broker in the UK that is telephone based with access to the Whole of The Market to find you the best mortgage available. They will email full product illustrations to you within 1 hour of discussing your requirements and should you wish to proceed to applying for a mortgage or remortgage then the advisor in conjunction with their case manager will apply and arrange your mortgage in a fast efficient and trouble free environment.

read moreThere are two types of insurance associated with home insurance namely Buildings cover and Contents cover. Buildings insurance provides cover to the structure of the property and the fixtures and fittings from damage caused by Fire, Subsidence, Lightning, Storms, Flood and Vandalism and can include other provisions depending on the policy taken. This cover is for all your belongings held within the property; this will include your furniture, clothes, jewellery and other personal possessions. There may be a limit to the amount of cover and depending on the policy may include possessions outside of the home up to a specific value.

read moreA Capped rate mortgage is where there is a maximum interest rate for a set period of time so in one respect is similar to a fixed rate but unlike a fixed rate that remains constant a capped rate will track the interest rate downwards if the Bank of England base rate should fall. So in essence a Capped rate will protect you from increases in interest rates but allow you to benefit from any falls in the Bank of England base rate so that your repayments would reduce if interest rates fell, although they could rise again to the capped figure.

read moreCritical illness cover provides financial protection in the event of diagnosis of a major illness during the term of the policy and would provide you with a tax free lump sum payment if you became seriously ill or disabled. You must normally survive at least one month after becoming critically ill, before the policy will pay out and the policy will only pay out subject to professional diagnosis of certain specified critical illnesses. This will vary from each provider but generally the range of diseases covered has increased to more than 30.

read moreTracker rate mortgages are a variable mortgage generally based on the Bank of England base rate. Therefore if the base rate moves so will your mortgage rate and the movement can be an upward or downward movement. So for example if the base rate was reduced from 5.00% to 4.75% your rate would then be 5.25%. Trackers are available for set durations often 2 or 3 year periods or in fact for the entire term of the mortgage which could be 25 or 30 years. Tracker mortgage for the term; The advantage of a tracker for the term of the mortgage means that you won't need to keep changing the mortgage product throughout the mortgage term so this may save you further arrangement fees and other charges that you may incur such as further valuation and or legal fees in changing to a different lender.

read moreLife insurance is where you pay a premium each month or annually if you prefer to a Life Assurance company. There are two forms of life insurance namely Term Assurance and Whole of Life insurance. Life insurance could give your family the vital protection it needs helping your family financially if you die during the term of the cover but can also include critical illness cover. Term insurance is a policy which pays a tax free lump sum should you die at any time during a fixed policy term. Whole of Life insurance provides cover for the rest of your life and are made as a series of payments.

read morePlease note that the lender may lend but it must be ensured that the monthly amount to be repaid is affordable and that lenders also take different income multiples into account. The information provided from these calculators is for example only and should not be relied upon. For comprehensive mortgage advice and calculations specific for your circumstances please call 0845 458 2633 to speak with one of our mortgage advisors. The figures below will show you what your monthly mortgage cost may be depending on the size of the mortgage loan amount, the interest rate, and mortgage term.

read moreWe have provided a collection of free online mortgage payment calculators allowing you to instantly calculate how much you can borrow for your home, your monthly payments based on various mortgage rates and compare remortgage payment schemes. Mortgage : Maximum Borrowing Calculator - calculate the maximum you can borrow base on your annual income. Mortgages : Monthly and Total Repayment Calculator - calculate the monthly payment based on your loan amount and the rates. Mortgages : Remortgage Savings Calculator - calculate your monthly payment based on your home loan amount and the mortgage rate.