Mortgages

Choosing a mortgage is possibly one of the most important financial decisions you will make. With the majority of your working life spent paying back your mortgage, choosing the right one can have a huge impact on your finances.

Thankfully, there is plenty of choice. With 3000+ deals available, there is usually a mortgage to suit everyone. On the down-side, deciding which one is right for you can be difficult & time-consuming:

"Is a tracker mortgage best for me? Or what about fixed, capped, discounted, flexible, offset & variable? Should I choose interest only or repayment?"...

The list of questions goes on. At Wedgewood Mortgage, we aim to cut through the jargon & simplify the mortgage process by providing clear, easy to understand information on the different types of mortgage product available.

Mortgage types

As mentioned, there are many types of mortgage available in the UK today. The most popular tend to be fixed rate & discounted mortgages. We take a look at the advantages and disadvantages of these, and the other types of mortgage available so that you can make a more informed decision.

We also explore the differences between repayment mortgages & interest only mortgages and the difference each one could make to your finances.

Mortgage lenders

We also take an impartial view on the different mortgage lenders on the market. Barring a few exceptions, most of these mortgage lenders offer very similar products, the only differences being in the small print. For anyone not familiar with financial ‘lingo’, this can be a minefield. The Wedgewood Mortgage lenders guide can simplify this process.

Ultimately, the final decision you make will be influenced heavily by your situation, but before signing anything, or even before seeking the help of a professional mortgage advisor, make sure you have read through all of our sections. Make an informed decision. Make the right decision...