UK MORTGAGES OPTIONS - The best mortgages quotes online

Mortgage loan - An introduction

A mortgage is one of the cheapest loans available, with interest rates normally well below those of unsecured loans. A mortgage is obtained from a lender - a bank, building society or other financial institution and is used to purchase property, either for commercial reasons or for a home to live in. A lender provides you with capital to purchase property and you pay them back over an agreed number of years with interest. The property purchased is used as security against the loan. This means that your property is at risk of reposession if you do not keep up repayments. The lender will check your credit history to see if you are credit worthy. However if you are found not to be creditworthy it may still be possible to get a non-status mortgage.

Most lenders will provide you with approximately three times your net annual income, depending on your age. However this varies depending on your situation and type of property you are looking to buy. Once you have considered these factors you then need to decide what type of mortgage you require.

The range of UK mortgages has increased dramatically over the past few years. Although the increase in mortgage types has added complexity, it has also introduced fierce competition which has in turn resulted in some very competitive mortgage rates and products.

Mortgage Advice from UK Mortgages Options

At UK Mortgages Options we have highlighted the best mortgage deals from the UK's top lenders and made them easy to understand. So have a look, compare some rates, get some useful information and advice and use the quote forms to see how much you could save. Then if you find the right mortgage you can apply online for a fast quote that could save you time and money.

If you have a bad credit rating you may still be eligeable to apply for a mortgage in the non-status mortgage section.

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