A mortgage is a form of a loan that is specific for the purchasing, building, or maintaining of a property. The borrower agrees to pay the loan back over a period of time, most common mortgages repayments happening on a monthly basis. The property itself serves as collateral for the loan and the type of loan will determine the cost of the mortgage and interest rate. Businesses and individuals use mortgages to buy real estate without paying the full price upfront; the buyer usually only has to place a deposit upfront and then has to pay instalments of the total sum plus interest over a number of years, until the property is fully owned and cleared.
Below are our selection for the top 10 Mortgage plans in the UK:
The Money Hub – The Money Hub is a specialist mortgage broker that can help clients source a wide variety of finance products such as mortgages, secured loans, bridging finance, commercial finance and insurance products.
Whether you are a First Time Buyer, Home mover, Property Developer or have had bad credit registered we will take the time to help you and keep you informed every step of the way.
Nationwide – Over 160 years ago they opened their doors as a building society. Run for the benefit of their members, being a building society means that they’re free to reinvest more of their profits to improve the products and services they offer. Nationwide currently offer a great range of competitive mortgage products. Nationwide is one of a small number of mortgage providers where consumers can apply wholly online.
OneFamily – Deal with lifetime mortgages. In its very simple form, a lifetime mortgage allows you to release some of the equity in your property, without the need to move. They work slightly differently to traditional mortgages; how much you can borrow depends on how old you are and the value of your property, rather than the amount you can afford to pay each month.
Charcol – John Charcol is the original independent mortgage broker. They have over 40 years’ experience in finding the best mortgage rates for every type of buyer. Whether you’re investing in property or looking to buy your first home, they can help. Their expert, independent mortgage advice will make buying your home or property investment easy.
Halifax – They have a standard set of mortgage products for a wide range of uses, including first time home buyers, existing customers, as well as later life lending. They have a lot of current support going on with COVID-19 such as payment holidays.
Lloyds Bank – Similar to their partner bank, Halifax, they have a standard set of mortgage products for a wide range of uses as well. They also have a lot of current support going on with COVID-19 such as payment holidays.
Newcastle Building Society – So whether you’re buying your first home, moving house or looking to re-mortgage, they have the knowledge to help you make the right decision.They also have a simple mortgage comparison tool to compare the full range of our fixed rate, tracker or variable rate mortgages with a rate and term that’s right for you.
Santander – Founded in 2010, an Award-winning mortgage provider – helping you find a mortgage you feel at home with.