Mortgage providers -  Other lenders Banks and Building Societies

Required Reading


  


Mortgage providers - Other lenders Banks and Building Societies


You should not forget that building societies are not the only source of funds. In 2011 the banks moved into the mortgage business in a big way, though by early 2013 some of them appeared to be rapidly moving out again. All the main banks, however -Midland, Lloyds, Barclays, National Westminster and the TSB -theoretically offer mortgages on terms of up to 25 years.

Some of them will make it a condition that you have your current account at that bank, and you may also be asked to pay an 'arrangement fee' of around £160 (or more) for the mortgage loan. At the time of writing, the banks are keeping their mortgage interest rates very much in line with the building societies' rate, even though some observers have concluded that they must be making a loss on the business.



Want more information on85 mortgages

Mortgage providers - where to look


Less Common

Many estate agents are also agents for a particular building society. See rightmove.co.uk. It's a convenient relationship, because it effectively gives the society another branch (although normally customers can only deposit money there, not withdraw it) at minimal cost.

Because the estate agent is channelling deposits into the society, it may well be possible for him to get money out of the society where individuals have failed. So first ask the estate agent from whom you are buying the property.

Solicitors

Most firms of solicitors also have close working relationships with one or two building society branch managers. They, too, will probably be arranging for relatively large sums of money to be deposited they may also be able to pull a . . .... see: Mortgage providers - where to look


Current Mortgage Offers

  • At Commercialise Yourself you can compare mortgages using our repayment calculator, look for special offers for first time buyers or for 95% loan to value mortgages and see the most popular choices, Nationwide, Accord etc, we now even have a buy to let section for the brave or heart or strong of pocket! You can send us an email if you want to know more about mortgages and what we do and we will get back to you as soon as we are able. offers@commercialise.org.uk

     

    Finding the right mortgage can be stressful, but we’re here to help you every step of the way.

    Even if you have no proof of income, poor credit rating or facing repossession of your home, we can normally say YES (even if the high street lenders have said NO)!

    Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. The overall cost for comparison is 7.9% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration. There will be a fee for mortgage advice. The precise amount will depend upon your circumstances but our average fee is 2.36% of the loan value. We are authorised and regulated by the Financial Services Authority for regulated mortgage and non-investment insurance contracts.