Mortgages, Remortgages And Homeowner Loans Advice

People often require mortgages, remortgages and loans

, and sometimes even debt advice.

In the course of a lifetime, the majority of people do need at least one mortgage, as it is the home loan needed to buy a house and the UK is a nation of homeowners.

Most people do not stay in their first bought property for all that long and the house that suits their salary and status when they are twenty two years old may be totally unsuitable later in life20,000 or so will not be the property that you want or can afford later on in life.

Once you are thirty years old or so, and married with one child, the old batchelor pad that you had such good times in, is no longer suitable.

The next move is usually to a semi detached house with a lounge,dining room and two or three bedrooms, usually with a back and front garden costing in the region of 160,000150,000, and you need another mortgage for the purchase.

After a few years your salary increases, as does the number of children, and you need another mortgage, this time of 200,000 to buy a A four bedroom property cosing 300,000.

A few years later you are promoted at work and your wife is again in employment because the children are older , and you can now afford an even better property with yet another mortgage.

This time the value of the house is £500,000 and you now have a deposit of about You still need a mortgage of 250,000250,000.

Many also take out several remortgages throughout the years .

Remortgages are the moving of a mortgage from a current provider to another, sometimes to only obtain a lower rate of interest, while at other times to raise additional capital for a number of purposes such as home improvements or even to economize by arranging debt consolidation.

Therefore, it is patently obvious that an average person can be involved ten times or even many more in the first mortgage or remortgage process, and with so many different types of remortgages and mortgages and so many different rates, it can be a mine field for the lay person to really know the best deals.

Even borrowing at 1% more can run into thousands of pounds.

It is therefore a wise idea before arranging any form of secured homeowner product to seek the services of an expert in the field who has the world of all these secured loans at his finger tips.

For the whole of your property owning adult life the expert can arrange all your secured loans, mortgages and remortgages, leaving you free to do what you do best.

by: Liz Moir

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