Looking into mortgages?
Look no further

Mortgage Locator is a comprehensive on-line resource to assist you in finding the best mortgage. We offer independent and up-to-date advice to ensure you make a well-informed decision.

What is a mortgage?

A mortgage is a loan secured on a property, also known as a home loan. A mortgage is usually acquired from a lender to buy residential property. However it is becoming increasingly popular for existing homeowners to switch mortgage lenders without moving home - this is known as remortgaging.

Mortgages are long term secured loans usually repaid over a fixed period known as a mortgage term. Not all mortgages run over a fixed term. Flexible mortgages allow the borrower to pay the mortgage off early or in some cases late. With a flexible mortgage the borrower may also be able to make early payments, take payment holidays and even borrow back some of the home loan. With increased interest in the property market, mortgages have had to adapt, so buy-to-let mortgages are now available and special deals for self employed mortgage.

How do I choose a mortgage?

Choosing a mortgage can often be overwhelming. With a wide selection of prices and deals available it is difficult to know which is the best option and you may wish for expert advice. Mortgage Locator can step in and offer you this expert advice. Providing independent, impartial advice we aim to ensure you secure the best mortgage for your situation.

To ascertain which type of mortgage to look for, paramount is to decipher your own personal situation. Below are the main categories for mortgage advice. Read their general descriptions to work out which applies to your own situation and then click on this category and Mortgage Locator can offer you the best independent advice on-line; tailored to suit your needs. If you already have a mortgage, or are burdened by a mortgage and a range of debts (credit cards, loans etc.) and would like to find out what potential reductions in your monthly loan repayments you could make (by consolidating / remortgaging) click here

First Time Buyer?

Taking your first step on the property ladder can seem a daunting and overwhelming prospect; we are here to help you. Almost all estate agents have a relationship with a local broker where they encourage their first time customers to visit but offer only limited or 'tied' advice (only one company's products). The best option is to shop around and find the best deal, many companies offer special deals to first time buyers.

Remortgaging?

To remortgage is to switch mortgage scheme, usually to a new lender. The incentive to do so is usually lower interest repayment rates offered to encourage people to make the switch. New introductory rates and special deals are amongst the many benefits of remortgaging.

Flexible mortgage?

This is a feature of some mortgages that gives you freedom to change the amount and frequency of your mortgage payments. They offer fewer restrictive terms and generally work on the basis of the better your credit history the better a deal you can gain. Flexibility is always recommended and advised for it allows greater freedom and security should your circumstances change.

Buy To Let Mortgage? (Certain Mortgages, such as Buy-to-Let mortgages, are not regulated and authorised by the FSA.)

You may be considering buying a property as a long term investment. This is often one of the most profitable long term investments available. There is the regular income of the rent and you acquire a large asset which you can usually improve and therefore increase the value of your investment.

Self Employed Mortgage?

If you are one of a sizeable number of workers who are either self employed or currently working on a short-term contract. Whilst financially sound, it is often difficult to prove a level earnings to the satisfaction of a lender. Specialist lenders understand the needs of the self employed borrower and continually look to improve the terms and features of their mortgage products to meet the needs of the market.