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Mortgage Hotline - Call Us 0117 313 7780

What is your mortgage for?

 

1.55% 2 Year Fixed

  • FREE Valuation

Representative Example: Overall Cost For Comparison 4.1% APRC. Mortgage of £120,000 on property valued at £200,000 over 25 year term. Fixed for 2 years after which reverts to Post Office variable rate of 4.49%.

Call Post Office FREE on 0808 178 6813

Details sort by initial rateLenderInitial rate Rate type Overall cost for comparisonMax LTVProduct feeMonthly cost Enquire
Initial rate: 1.45%
Rate type: Fixed Sep-2020
Monthly cost: £602.39 per month
Max LTV: 60%
Product fee: £2015.00
Overall cost for comparison: 4.1% APRC
Post Office logo 1.45% Fixed Sep-2020 4.1% APRC 60% £2015.00 £602.39 per month get quotes Call direct0808 178 6813
Initial rate: 1.45%
Rate type: Fixed Sep-2020
Monthly cost: £602.39 per month
Max LTV: 60%
Product fee: £2015.00
Overall cost for comparison: 4.1% APRC
Post Office logo 1.45% Fixed Sep-2020 4.1% APRC 60% £2015.00 £602.39 per month get quotes Call direct0808 178 6813
Initial rate: 1.54%
Rate type: Fixed Aug-2020
Monthly cost: £606.84 per month
Max LTV: 60%
Product fee: £1219.00
Overall cost for comparison: 3.7% APRC
Scottish Widows Bank logo 1.54% Fixed Aug-2020 3.7% APRC 60% £1219.00 £606.84 per month get quotes Call direct0117 313 7780
Initial rate: 1.54%
Rate type: Fixed Aug-2020
Monthly cost: £606.84 per month
Max LTV: 60%
Product fee: £1219.00
Overall cost for comparison: 3.7% APRC
Scottish Widows Bank logo 1.54% Fixed Aug-2020 3.7% APRC 60% £1219.00 £606.84 per month get quotes Call direct0117 313 7780
Initial rate: 1.54%
Rate type: Fixed 2 years
Monthly cost: £606.82 per month
Max LTV: 60%
Product fee: £1084.00
Overall cost for comparison: 3.6% APRC
Nationwide BS logo 1.54% Fixed 2 years 3.6% APRC 60% £1084.00 £606.82 per month get quotes
Initial rate: 1.54%
Rate type: Fixed 2 years
Monthly cost: £606.82 per month
Max LTV: 60%
Product fee: £1084.00
Overall cost for comparison: 3.9% APRC
Nationwide BS logo 1.54% Fixed 2 years 3.9% APRC 60% £1084.00 £606.82 per month get quotes
Initial rate: 1.54%
Rate type: Fixed Aug-2020
Monthly cost: £606.84 per month
Max LTV: 60%
Product fee: £1219.00
Overall cost for comparison: 3.7% APRC
Scottish Widows Bank logo 1.54% Fixed Aug-2020 3.7% APRC 60% £1219.00 £606.84 per month get quotes Call direct0117 313 7780
Initial rate: 1.54%
Rate type: Fixed Aug-2020
Monthly cost: £606.84 per month
Max LTV: 60%
Product fee: £1219.00
Overall cost for comparison: 3.7% APRC
Scottish Widows Bank logo 1.54% Fixed Aug-2020 3.7% APRC 60% £1219.00 £606.84 per month get quotes Call direct0117 313 7780
Initial rate: 1.54%
Rate type: Fixed 2 years
Monthly cost: £606.82 per month
Max LTV: 60%
Product fee: £1084.00
Overall cost for comparison: 3.6% APRC
Nationwide BS logo 1.54% Fixed 2 years 3.6% APRC 60% £1084.00 £606.82 per month get quotes
Initial rate: 1.54%
Rate type: Fixed 2 years
Monthly cost: £606.82 per month
Max LTV: 60%
Product fee: £1084.00
Overall cost for comparison: 3.6% APRC
Nationwide BS logo 1.54% Fixed 2 years 3.6% APRC 60% £1084.00 £606.82 per month get quotes
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Representative Example:

A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.

 

The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).

 

In this example the overall cost for comparison is 3.7% APRC representative.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

How to Get a Mortgage with Bad Credit but a Good Income

Most banks will use a credit scoring system to work out if they will approve a mortgage and usually traditional lenders will not provide a mortgage to borrowers with a bad credit rating.

Even in the event that the borrower has a good income and can hypothetically afford the mortgage repayments, a high street lender will not grant them a mortgage if they have a negative credit rating.

At Fair Mortgages, we work with lenders who review each application on a case by case basis. We can arrange mortgages with flexible lenders that will not solely look at your credit rating, but also consider your ability to afford mortgage repayments.

Therefore, if you have a less than perfect credit rating, it may still be possible for you to secure a mortgage.

Compare Interest Rates

Whether you have a bad credit rating or not, it is important to do as much research as possible to find the mortgage that suits you.

Our Bad Credit Mortgage Service

At Fair Mortgages, our independent mortgage broker service offers:

  • Access to the whole market – we can compare most UK lenders who will deal with bad credit ratings.
  • Credit repair mortgages – we can source mortgages that will provide the money you need and help you rebuild your credit rating.
  • Finance within a short period of time – contact us today and we can secure the funding you need swiftly.
  • Financial solutions for raising additional funding on top of an existing mortgage – If you have an existing mortgage that does not cater for your needs, we can help.

Mortgages from Private Lenders

A mortgage from a private lender is similar to one from a traditional lender. You will be able to borrow up to a certain amount and repay it in monthly instalments.

The deposit required by a private lender is likely to be higher than one needed for a traditional lender. Typically, you will need a deposit between 25% and 30% of the property value.

Before a private lender grants a mortgage, they will usually require:

  • Proof of income: A number of pay slips will be requested
  • Bank statements: You will need to provide a certain amount of bank statements to prove you can afford the monthly repayments.
  • Three years accounts: If you are self-employed, private lenders will request at least three years’ worth of accounts.

How to Check My Credit Rating

If you want to find out your credit rating, you can always get a copy of your report from a credit rating agency such as Experian, Equifax and CallCredit.

How to get a Mortgage from a Private Lender

If you have a bad credit rating but need a mortgage, call our mortgage team on 0117 313 7780 to discuss your situation or use our Callback form.

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