Deprecated: mysql_connect(): The mysql extension is deprecated and will be removed in the future: use mysqli or PDO instead in /home3/schteev/public_html/mortgagefox.co.uk/includes/dbconnect.php on line 5

Warning: session_start(): Cannot send session cookie - headers already sent by (output started at /home3/schteev/public_html/mortgagefox.co.uk/includes/dbconnect.php:5) in /home3/schteev/public_html/mortgagefox.co.uk/includes/functions.php on line 21

Warning: session_start(): Cannot send session cache limiter - headers already sent (output started at /home3/schteev/public_html/mortgagefox.co.uk/includes/dbconnect.php:5) in /home3/schteev/public_html/mortgagefox.co.uk/includes/functions.php on line 21
UK Free Mortgage Advice
Free Mortgage Quote - Click Here todays Best Mortgage Deals - Click here Free Mortgage Advice Smarter Mortgage Advice






Warning: mysql_fetch_array() expects parameter 1 to be resource, boolean given in /home3/schteev/public_html/mortgagefox.co.uk/includes/functions.php on line 566

It's the Size Of Your Deposit that Matters

A 10% deposit was the average for a first time buyer 18 months ago. However the criteria for getting a good loan deal has changed dramatically. Most Lenders now require a 40% deposit for the best deals.

A 25% deposit will get you a slightly more expensive deal .A mortgage with only a 10% deposit will be more difficult to find.

It is a buyers market and first time buyers came snap up a good bargain with the right deposit. Surveyors say that property prices have fallen by a fifth and in some areas property values have fallen by more than a third. Now more than ever it is essential to take independent advise when looking for a mortgage.

Since the beginning of the credit crunch the number of mortgages on offer has fallen from 30,107 to 2,672 and there are tougher conditions on borrowers.

Anyone wishing to re-mortgage with less than 25% equity in their homes have just 3 options. They can pay a much higher rate, put more cash in to put more equity back into their home or just remain on the standard variable rate.

There are deals out there but it is the size of your deposit that counts and you will also need good sound independent advice.

Mortgage Fox are happy to assist in your search by putting you in touch with one of our independent brokers in your area. This service is 100% with no obligation.

VIEW ALL NEWS

 

 

 

NOTE: Do not make any financial decisions based on the information on this page. Always take professional mortgage advice first

 

 

 

Mortgagefox offers a free mortgage advice

 

If you have any questions do not hesitate to contact our independent mortgage advisors at Mortgagefox.

 


There is no obligation with any of these services, and both are offered completely free. If you have specific mortgage question you want to ask then we will be glad to help.

 

 

Value of Property  
£
(eg 135000) 
Value of Mortgage
£
(eg 85000) 
Type of Mortgage