House Purchase Mortgage Deals

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House Purchase Mortgage Deals

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Property Value
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House Purchase Mortgage Deals

On average, most of us will move home three or four times before we’re fifty. So, acquiring the best house purchase mortgage deal is crucial for a lot of people, a lot of the time. At MortgageKey, we appreciate the stresses and complexities of moving home. That’s why we make it our duty to discover the best house purchase mortgage deals to suit you and your personal circumstances. Our friendly, professional and experienced advisers are on hand to guide you through the entire house purchase mortgage process.

"Up-to-date, relevant and reliable information gave me the confidence to proceed "
"Honestly, one of the best customer experiences I've had"
"Fantastic and friendly staff"
"Up-to-date, relevant and reliable information gave me the confidence to proceed "
"Honestly, one of the best customer experiences I've had"
"Fantastic and friendly staff"

Common Questions about House Purchase Mortgage Deals:

When you’re moving house, or buying a home, you will discover there are several different kinds of mortgages to choose from. The best mortgage deal for you will depend entirely on your individual circumstance. The main types of mortgage options are as follows:

  • House Purchase Tracker Mortgage Deals:

    Tracker mortgages track the Bank of England base rate, apply it, and add the additional set percentage rate from the lender. You can choose a tracker mortgage, as long as you can afford to accept that you will pay more when interest rates are high, so that you can benefit when they are low.

  • House Purchase Fixed Rate Mortgage Deals:

    Fixed rate mortgages suit those who like to be disciplined with their monthly budgets, even if it means missing out on long periods of reduced interest rates. Essentially, a fixed rate mortgage means that your monthly payments are the same amount each month, regardless of what’s happening to the Bank of England base rate or the property market.

  • House Purchase Discounted Mortgage Deals:

    Often used as an incentive to persuade you to make an instant saving, discounted mortgages offer an upfront discount off the lender’s Standard Variable Rate (SVR). This is usually for the first few years of your mortgage deal, before it switched back to the SVR.

  • House Purchase Capped Mortgage Deals:

    Capped mortgage allow your monthly repayments to fluctuate. The idea is that the rate can be capped so that it will never go above a certain limit. You may choose this mortgage option, if you think that mortgage rates will fall, so that you can capitalise on lower rates. However, at the same time, you may prefer to have the added protection of a cap, in-case they increase.

  • House Purchase Offset Mortgages:

    The idea behind an offset mortgage is to use your savings to reduce the amount of interest you pay on your mortgage overall. You can offset savings against your mortgage so that you only pay interest on a percentage of your mortgage deal.

  • Portable Mortgage Deals:

    Some lenders do allow you to ‘port’ your mortgage. Portable mortgages can be a swift transition from one property to the next. You will still have to re-apply and qualify but you could avoid some fees and charges. If you are moving into a bigger property which is worth more, you may not be entitled to borrow more, this will come down to a finncial assessment.

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  • Get a quick idea

    Our mortgage advisors are available Mon-Fri from 9am to 8pm, giving you plenty of opportunity to seek a quick overview of what your mortgage deal could potentially look like.

  • Speak to the experts

    A dedicated team of mortgage experts will answer your questions, queries and provide quality advice for your personal circumstances and the specific mortgage product suited to you.

  • Let us do the hard work

    We’ll take care of your application to your chosen lender from start to finish, in record time. All for free.

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