One of the most important pieces of mortgage advice you can get concerns which mortgage lender to use in the UK. This includes lenders you’re trying out if you need a re-mortgage as well. Here’s a comparison of some of the best lenders in the UK.
Abbey National Building Lenders
This company started in 1944. The advantage of using the company is that you get a flexible rate tracker feature. This way you can choose how to deal with your repayments. It’s customizable.
Birmingham Midshires
This company has three different 2 year fixed mortgage rates which is an advantage. You get a fixed rate for the agreed upon period. Once the period expires your rate will go back to the one used by the Bank of England plus the extra charge from the company. So this means that the company is good for short term but perhaps not as much in the long term.
The Cambridge Building Society
This company has been around for hundreds of years and it has 21 branches. The main advantage here is that the company has flexibility in mortgage type. There are 4 different types of mortgages you can get here. You can get a tracker mortgage that lets you make extra payments without penalty here though you need an application fee and a 20% deposit minimum.
Derbyshire
You can get long term fixed rate mortgages here for 2, 5 or 10 years. So if you want fixed rates that last a really long time then you will likely like this particular company for getting a mortgage. The rate will go back to the Bank of England rate after the fixed rate period is up per usual.
Dunfermline Building Society
This is one of the most important savings companies in Scotland. It’s great for those who want something more Scottish centered though those outside of Scotland may have more trouble using the company. They have discount and lifetime rates available at this particular company.
If you need more info please visit us @ www.mortgageadviceservices.co.uk or call us on telephone number 01332 257 087 for a free quote today.
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