The mortgage advice bureau guide to home loans

Mortgage Deals to Suit Your Individual Needs
Endowment or Repayment
Choosing the right type of mortgage
How long do you want to borrow for?
How much can I afford?
The Mortgage Code
Special Applications
How to get your mortgage
Re-mortgages
Home Movers
Protecting your home and possessions
Moving the easy way with the mortgage advice bureau
Arrange an appointment
Provisional Offer

click a heading to get more information

Mortgage Deals to Suit Your Individual Needs
If you're thinking of moving, buying a house for the first time or want to change your current mortgage arrangements, how do you decide which mortgage to choose? The choice can be complex and confusing. But now the mortgage advice bureau can help make life a whole lot easier. Whether you prefer the up-front benefits of discounts and cashbacks or the certainty of fixed rates, we've got the mortgage for you. Even if you decide to take part of your loan at a discounted rate and the rest at a fixed rate or variable base rate cashback, there's no problem. Our experienced staff will help you weigh up your options. Arranging your mortgage is now even easier via the mortgage advice bureau direct. Telephone 0800 328 0570 to discuss the right mortgage for you. With a few basic details we can let you have a 'Provisional offer' and let you know how much you will be able to borrow. If you have a property in mind you can even make a full mortgage application over the telephone. Note: The 'Provisional offer' is subject to a satisfactory valuation of the property to be mortgaged and the information supplied by you being correct.
Endowment or Repayment
Repayment Mortgage With a repayment mortgage, your monthly payment covers the interest and a portion of the capital borrowed. In the early years, the amounts of capital you repay each month are low - most of the payment is interest. Over the years, the outstanding balance reduces and interest becomes a smaller part of each monthly payment. Life assurance is required to repay the mortgage in full if you die. We can help you arrange the necessary cover as part of our service; for example, you can opt for our policy which will automatically repay the whole outstanding balance of your mortgage less any arrears should you (or in the case of joint borrowers, either party to the mortgage) die. Click here for further information. Alternatively, you may prefer life cover that includes additional features such as Critical Illness Benefit. Endowment-Linked Mortgage With an endowment-linked mortgage, you pay interest on the money borrowed. These interest payments normally attract tax relief up to the Inland Revenue limit. In addition, you pay monthly contributions to an endowment assurance policy which has two purposes: to build up capital from which your loan should be repaid to pay off the mortgage should you die. By the end of the mortgage term, the value of the policy should have grown sufficiently to repay the mortgage and may provide you with a tax-free cash surplus under current tax legislation.
Choosing the right type of mortgage
The range of mortgages and incentives available nowadays is pretty complicated. We will guide you through the maze and you should be able to find a combination that suits you. We offer these options to give you extra help when your finances are likely to be most stretched : Fixed Rate: choose a rate of interest that's fixed for a specified period. So no matter what happens to inflation and interest rates during that time, you can plan your life in the certainty that your own mortgage rate won't change. Cashback: take out a cashback mortgage and the lender will give you a cash lump sum immediately the mortgage is completed, to spend as you wish. The bigger the loan, the bigger the cashback. Discount Rate: if you choose the standard variable interest rate, the lender will give you a discounted interest rate for a specified period. Capped Rate: take out our capped rate mortgage and the lender guarantees that your interest rate won't rise above a certain rate (the cap) for a specified period. During this period, you'll pay interest at the standard variable rate while it's lower than the cap. Otherwise you'll pay interest at the capped rate. Can't decide which suits you best? No problem. We help you decide what type of mortgage is going to be best for you, both in the long and short term, so call us now on 0800 328 0570
How long do you want to borrow for?
You can normally borrow for up to 25 years on repayment mortgages, or 40 years on PEP or endowment mortgages. If you borrow for a shorter period you'll pay less in interest overall - but your monthly payments may be higher.
How much can I afford?
How much can I afford to pay each month? It's important to be realistic about what you can afford. Click here to fill in our online checklist to see if you can afford your new mortgage.
The Mortgage Code
The Mortgage Code is a voluntary code followed by lenders and mortgage intermediaries in their relations with personal customers. It sets standards of good mortgage lending practice which are followed as a minimum by those subscribing to it. The mortgage advice bureau subscribes to the Code. Three levels of service are available under the Code: Advice & Recommendation We will assess your needs and discuss the different mortgage products or combination of products suitable for you. We will give you advice and recommendation of which of our mortgages is suitable for you. Informed Choice We will provide information on the different types of mortgage products so that you can make your own decision as to which is best for you. Customer Specified You already know which mortgage product you want and tell us at the outset that you are only interested in one specific product, or combination of products, and do not want information on any other, or we only offer one product. We offer levels 2 and 3 for Internet and telephone applications.
Special Applications
If your circumstances are special, and fall into any of the following categories, you should visit our NEW Central Milton Keynes office instead of applying for a mortgage or over the Internet or by telephone. You want us to recommend which mortgage product is best for you. You want to borrow more than £250,000. You are self employed. You are employed on a temporary, seasonal or probationary contract. You have had financial difficulties. Someone else is guaranteeing the mortgage for you. More than two people want to be named on the mortgage. You already have a mortgage and the amount you owe is more than the sale price of your home. You already have a mortgage and want to borrow some extra money for home improvements. If the property you want to buy is one of the following, you should visit our Central Milton Keynes office instead of applying over the Internet. You also need to get special advice from us if:- You will not be living in the property. You are buying a share of a property and you will be renting the other share from a Housing Association, Local Authority or Development Corporation. You are building the property yourself. You are buying commercial property.
How to get your mortgage
When you find the place you've been looking for, you may have to move fast. The better prepared you are, the better your chances of success. Make an appointment for an initial talk with one of our mortgage advisor or call the mortgage advice bureau on 0800 328 0570 as soon as possible. It's best to get the ball rolling before you find the right place - then, when you find it; we're all set to move quickly. You'll also know precisely what you can afford, and you’ll have a 'Provisional Offer' to show you're a serious buyer. Before you speak to us, you may want to work out what you can afford to pay each month. When you've found the home you're looking for contact us as soon as possible. It'll save time if you have the following items ready: Proof of income for yourself and anyone who plans to buy the property with you: your last three payslips, your last P60 form, or your past three years' accounts if you're self-employed. Details of the property you want to buy Proof that you've kept your mortgage payments up to date - such as your annual mortgage statement. The lender will confirm your personal details and arrange to have the property valued by a qualified surveyor. The most basic form of inspection is a mortgage valuation report. This tells the lender what the property is worth. At the same time, the lender can arrange a more detailed survey for you. You'll have to pay for the additional cost of this - but if it finds that work needs doing on the property, you may be able to go back to the seller and agree a cut in the price. It may take some time for the lender to get the valuation done and follow up any references. But we will know exactly what your circumstances are, how urgently you need a decision - and who to chase if necessary. So if there's a rush, you've got someone on your side who can get results. All being well, we'll get you your mortgage offer - and you can confirm your offer to the seller. Meanwhile - good luck and successful house hunting!
Re-mortgages
You needn't move home to replace your current mortgage. If you have an existing mortgage with a lender, you don't have to move home to change your mortgage. If you think you could do better than stay with your present lender, call us and we will find you an improved offer to reduce your monthly payments. And if you're not moving home, we've got access to a range of special deals which allow you to change the interest rate that applies to your existing loan, subject to the current terms applying to your mortgage, which would allow you to reduce sometimes dramatically you monthly payment. Our unique mortgage advice service means less for you to do, and less to worry about. We'll help you choose the mortgage that suits you best Our 'Mix-n-Match' package of benefits - with discounts, cashbacks and fixed rates - give you flexibility as well as good value And we'll tell you clearly what costs are involved - with no hidden charges. Confused? Just ask! Everyone's needs are different. That's why there are such a wide range of home loan options. This information designed to help you compare different types of mortgages, but if you need any guidance, come in and see us - it's worth having a chat with one of our mortgage advisors even before you start house hunting. Call us NOW to arrange a meeting 9am - 6pm Monday - Friday. Alternatively, if you would prefer to deal with your mortgage arrangements over the telephone, or through the Internet the mortgage advice bureau direct will take you through all your mortgage needs. Why not telephone 0700 900 9000 to have a chat.
Home Movers
Moving the easy way, with the mortgage advice bureau. No matter how many times you've done it before, you'll probably still find home buying a hassle. But help is at hand - we can make the whole business easier for you. "How much can I borrow? Which is the right mortgage for me?" There's a lot to think about - and making the right decisions today really will make a big difference, maybe years from now. That's why we've made it easier for you to get it right, every time you move. Buying your first home was complicated enough - and then you didn't have to worry about selling a property as well... Wouldn't it be great to have an expert to take some of the pressure off you? That's what the mortgage advice bureau can offer you. It's reassuring to have the experience on tap, and a relief to let us handle some of the hard work. If it's been a while since you last moved, we'll refresh your memory on what needs to be done and bring you up to date on anything that's changed since the last time. If you're an old hand at these things, we're happy just to help with your mortgage application. Either way, we can spare you a great deal of hassle - and make sure you don't overlook vital details. Your mortgage advisor will be your point of contact from the day you first ask us about a mortgage until the day you move in, helping you with the details such as dealing with conveyancers and estate agents - and we're adding new services all the time. Of course, you can take on as much of the work yourself as you wish. The choice is yours. But if you've got better things to do with your time, why not let your mortgage advisor do some of the legwork for you? Your mortgage advisor, based at our NEW Central Milton Keynes office, will be your main point of contact - appointments are available Monday to Friday, or you can phone any time during office hours on 0800 328 0570 We'll explain the mortgage deals currently on offer to help you choose the one that suits you best Give you help and support in dealing with conveyancers, estate agents and valuers Offer you regular progress reports by phone or in writing. Our unique mortgage advice service means less for you to do, and less to worry about. We'll help you choose the mortgage that suits you best Our 'Mix-n-Match' package of benefits - with discounts, cashbacks and fixed rates - give you flexibility as well as good value And we'll tell you clearly what costs are involved - with no hidden charges. Confused? Just ask! Everyone's needs are different. That's why there are such a wide range of home loan options. This information designed to help you compare different types of mortgages, but if you need any guidance, come in and see us - it's worth having a chat with one of our mortgage advisors even before you start house hunting. Call us NOW to arrange a meeting 9am - 6pm Monday - Friday. Alternatively, if you would prefer to deal with your mortgage arrangements over the telephone, or through the Internet the mortgage advice bureau direct will take you through all your mortgage needs. Why not telephone 0700 900 9000 to have a chat.
Protecting your home and possessions
We offer a range of insurance cover to protect you, your home and your possessions. Ask us about: Buildings insurance Contents insurance Combined buildings and contents insurance Mortgage repayments insurance, to keep up your payments if you're unable to work (you'll also have the opportunity to take a six-month break from repayments at any time you choose).
Moving the easy way, with the mortgage advice bureau
Buying your first home was complicated enough - and then you didn't have to worry about selling a property as well... Wouldn't it be great to have an expert to take some of the pressure off you? That's what the mortgage advice bureau can offer you. It's reassuring to have the experience on tap, and a relief to let us handle some of the hard work. If it's been a while since you last moved, we'll refresh your memory on what needs to be done and bring you up to date on anything that's changed since the last time. If you're an old hand at these things, we're happy just to help with your mortgage application. Either way, we can spare you a great deal of hassle - and make sure you don't overlook vital details. Your mortgage advisor will be your point of contact from the day you first ask us about a mortgage until the day you move in, helping you with the details such as dealing with conveyancers and estate agents - and we're adding new services all the time. Of course, you can take on as much of the work yourself as you wish. The choice is yours. But if you've got better things to do with your time, why not let your mortgage advisor do some of the legwork for you? Your mortgage advisor, based at our NEW Central Milton Keynes office, will be your main point of contact - appointments are available Monday to Saturday , or you can phone any time during office hours on 0800 328 0570 We'll explain the mortgage deals currently on offer to help you choose the one that suits you best Give you help and support in dealing with conveyancers, estate agents and valuers Offer you regular progress reports by phone or in writing.
Arrange an appointment
You may find it easier to arrange an appointment for us to see you in your own home if it is inconvenient for you to come to our NEW Central Milton Keynes office. If you do not live in or around the Milton Keynes area, why not discuss your mortgage requirements with the mortgage advice bureau direct on 0800 328 0570
Provisional Offer
We can give you a 'Provisional Offer' that confirms we will make you a loan - subject to valuation - even before you've found your home. Either call into the Milton Keynes branch or ring the mortgage advice bureau direct on 0800 328 0570. The guidance and practical support you get from the mortgage advice bureau direct team can be invaluable. Our promise to you Whether you need a mortgage because you're a first time buyer, moving home or remortgaging your current property, we will find a mortgage deal that's right for you, so why not discuss it with us? Call us NOW on 0800 328 0570 to get further details.

address	469 Silbury Boulevard Central Milton Keynes Milton Keynes MK9 2AH
telephone	(44) 1908 39 50 60
fax	(44) 1908 39 77 88
email	info@mortgageadvice.co.uk

another site by miles joseph numedia