What Different Types of Repayment Mortgages Are There?

Standard Variable Rate Mortgages Standard Variable Rate or SVR is a type of mortgage where the interest rate can change, influenced by the Bank of England’s base rate. Each bank sets its own standard variable interest rate which is usually a couple of percentage points higher than the Bank of England’s base rate. SVR is one of the more common type of mortgages available with many leading lenders offering at least one, and sometimes offering several with different rates and Read More

6 Steps You Should Take After Mortgage Loan Rejection

Loan rejection often exasperates home owners. There are a number of factors that lead to online mortgage loan application rejection. It’s quite common among borrowers who apply for a mortgage loan. However, what you need to remember is that rejection is not the end of your dreams. You should always re-attempt the process when you’re ready. However, before re-applying, you should learn what went wrong. Identify the errors in detail and make the necessary changes. Here are 6 steps you Read More