How to get cheap Mortgages

Getting a cheap mortgage is perhaps one of the main concerns people have, price seems to be the primary focus for the majority of clients in making a decision about which mortgage to go for. Mortgages do have certain things that can be included as ‘added extras’ but unlike cars or houses these add-on options are not always the thing that attract a person to a loan type, certainly in our experience it is price oriented considerations.

The things that might be possible to include as ‘extras’ would typically be things like being able to take a mortgage break, this is where you make no payment for (generally) up to three months. Off-setting savings against the mortgage is another one that is becoming more popular, this is where you can use any money on deposit as an ‘offset’ against the principle. In basic terms imagine the following: you have savings of three thousand and a mortgage of two hundred thousand, you pay the same monthly amount but the interest is calculated on one hundred and ninety-seven thousand (200k – 3k …

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