Guide to Mortgage Quotes
It is important to obtain a number of mortgage rate quotes to compare to ensure you select the mortgage the suits your needs now and in the future. With so many types of mortgages available in the UK it is important to consider your own circumstances and needs before you select your mortgage quote.
A mortgage rate quote from from Go Direct could not be simpler with our online mortgage rate quote system. We give you details of how much your monthly mortgage payments would be, the interest rate applicable, the terms of the product and any fees applicable to the mortgage product.
Once you compare mortgage rate quotes, you should read the main terms and fees of each mortgage quote and take this into consideration before selecting the mortgage scheme. Try to think about your own personal circumstances and how they might change in the foreseeable future.
When you compare the mortgage rate quotes remember to consider the terms within the mortgage quotation.
Discounted Rate Mortgage
If you are comparing discount rate mortgage quotes,consider how the payments could change at the end of that period and what effect an increase on the Bank of England base rate might have on your repayments.
Fixed Rate Mortgage
If you are comparing fixed rate mortgage quotes, consider how the mortgage rate may change at the end of the fixed rate period and you need to know that if it does, the rates will still be affordable.
Flexible Rate Mortgage
When comparing a flexible rate mortgage quote, what happens when you overpay or pay a lump sum, or when payments are reduced or if you can take a mortgage payment holidays and after how many months must you wait.
Base Rate Tracker Mortgage
With a base rate tracker mortgage quote, as your mortgage repayments are linked to the Bank of England base rate, if that rate changes, your payments will change, you will need to be sure that whether interest rates go up or down, your payments will still be affordable.
Remortgage Rates
If you are comparing remortgage rate quotes it is important to check the terms of your current mortgage rate in case your existing mortgage requires you to pay any early repayment charge.
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