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The mortgage advice bureau guide to home loans |
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Mortgage Deals to
Suit Your Individual Needs |
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click a heading to get more information |
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Mortgage Deals to Suit Your Individual Needs |
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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. 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. |
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Endowment or Repayment |
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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.
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:
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Choosing
the right type of mortgage |
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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 :
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How
long do you want to borrow for? |
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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. |
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How
much can I afford? |
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How much can I afford to pay each month? |
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The
Mortgage Code |
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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. Advice
& Recommendation
We offer
levels 2 and 3 for Internet and telephone applications. |
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Special
Applications |
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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.
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How to get your mortgage |
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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.
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! |
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Re-mortgages |
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You needn't
move home to replace your current 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. 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. |
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Home
Movers |
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Moving
the easy way, with the mortgage
advice bureau. 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
Our unique mortgage
advice service means less for you to do, and less to worry about. 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. |
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Protecting
your home and possessions |
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We offer a
range of insurance cover to protect you, your home and your possessions. Ask
us about:
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Moving
the easy way, with the mortgage advice bureau |
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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. 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
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Arrange
an appointment |
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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. |
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Provisional Offer |
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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. Our
promise to you |
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address |
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telephone |
(44) 1908 39
50 60 |
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fax |
(44) 1908 39
77 88 |
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email |
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