Mortgages

Uk-remortgage-loan-direct.co.uk is the complete online mortgage resource for people looking to fund the purchase of a residential property in the UK. We offer a full range of mortgage products for those looking to finance the purchase of a UK property. We provide information about a wide range of mortgages and offers even bad credit mortgage to people with bad credit history, mortgage arrears, CCJs, IVAs, bankruptcy. We also help you out for people with no income proof. You can apply online using our free secure forms to get an idea about how much you could save on a home loan.

Buying your own home will probably be the single biggest financial transaction you ever make. It should be an exciting experience but unfortunately, at times it can also be worrying. Uk Remortgage Loan Direct offers the full range of mortgage products- buy to let mortgage, right to buy mortgage, self certification mortgage, flexible mortgage, cheap mortgage, 100% mortgage at fixed, capped, discounted, variable interest rates and fresh start for people with a poor credit rating or adverse credit history.

Types of interest rates for mortgage available:

Fixed Rate Mortgage – A fixed rate mortgage is where the interest rate on the mortgage is fixed at a rate for a set period, the period normally varies from 3-5 years and often have early redemption penalties. Fixed rate mortgages offer a fixed rate for the set period regardless of any fluctuation in the bank interest rate and is ideal for any one who needs to budget.

Variable Rate Mortgage – A standard variable rate mortgage is where the rate can fluctuate as often as the mortgage lender feels the market dictates, this type of mortgage holds less risk with the mortgage lender and can be easily acquired without time frames or redemption restrictions.

Capped Rate Mortgage – A capped rate mortgage is a combination of both a fixed rate mortgage and a standard variable rate mortgage, A capped rate mortgage can fluctuate as often as the mortgage lender feels the market dictates, but will be capped at a certain rate.

Discounted Rate Mortgage – A discounted rate mortgage is exactly the same as a variable rate mortgage except the rate is discounted below the standard rate for a fixed period. One major difference between a discounted rate mortgage and a variable rate mortgage is that early redemption penalties are likely to be imposed.

Flexible Mortgage – A flexible mortgage is a mortgage that can be tailored to your cash flow needs, they allow you to pay lump sums, take payment holidays, reduce your payments and increase your payments. A flexible mortgage is best suited to individuals that have do not receive a regular fixed income, such as someone who is self employed.