Welcome to MortgageRoute.co.uk the home of good quality mortgage information. This site is aimed at providing a base where users can research the best mortgages available and gain valuable information about their choices. The mortgage market in the UK is constantly changing, so it has never been more important than now to know exactly what you require.
There are many banks and building societies withdrawing, and adding products, on a daily basis and as such good up to date knowledge is paramount. The information around this site is designed to help you make a better more informed decision about the mortgage choices open to you. Please feel free use our site for your research, and don't forget to try our free online calculators.
There are many banks and building societies withdrawing, and adding products, on a daily basis and as such good up to date knowledge is paramount. The information around this site is designed to help you make a better more informed decision about the mortgage choices open to you. Please feel free use our site for your research, and don't forget to try our free online calculators.
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This section is dedicated to lifting the complexity surrounding mortgages by providing simple no nonsense information on how mortgages actually work. Normally the advice you get from your mortgage advisor should be comprehensive enough for you to make an informed decision about your mortgage choices.
If you know the interest rate of your mortgage this simple calculator should give you an indication as to the cost based on both an interest only and repayment basis. This tool is purely a guide and subject to you knowing the interest rate you want to calculate will only give you an indication as to how much that amount of debt would cost on an interest only and capital repayment basis.
The key facts below, about our services, relate to transactions that are carried out here on our web site. If you transact business with us in a different way you will be provided with a different key facts document that will relate to that way of doing business with our company.
We offer products from a range of insurers for term insurance, critical illness, mortgage protection, health insurance, buildings and contents.We only offer products from a limited number of insurers for accident and sickness. Ask us for a list of the insurers we offer insurance from.
We offer products from a range of insurers for term insurance, critical illness, mortgage protection, health insurance, buildings and contents.We only offer products from a limited number of insurers for accident and sickness. Ask us for a list of the insurers we offer insurance from.
The most popular and the traditional type of mortgages, the capital repayment mortgage is normally also the most simplest. Essentially as with every mortgage or loan, every month you are charged interest. On the basis that there are twelve months in a year interest charged is approximately equivalent to 1/12 of the rate your lender is charging you per annum.
More commonly associated with endowments the interest only mortgage does exactly what is says on the tin. Under this type of mortgage all you pay to the mortgage company is the interest accumulated on the debt. This can be clearly seen in the diagram below. Please note the graph below is not accurate and is for illustrative purposes only.
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