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100% Interest only mortgage rates
The interest rates for all mortgages in the UK come from the base rate which is set by the Bank of England. This used to be set by the government until around the mid nineties. There are many key factors that going into their calculation to ascertain what the base rate of interest should be. A key factor is to keep the rate of inflation on an even keel.
The different mortgage lenders will then amend this base rate to make sure they also make a profit from lending you a mortgage.
There are also other key factors that come into play with mortgage lenders, like you recent credit history. If you have a bad credit history, then you will invariably pay a higher rate of interest. This is why it is so important to make sure you pay all your bills and credit agreements on time each and every month.
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A rise of 1% on a one hundred thousand pound mortgage is equivalent to one thousand pounds per year. If you do have a bad credit history, you will need a bad credit mortgage. Keeping up your repayments
will empower you in the future to swap mortgage providers and get a better rate of interest.
Mortgage interest rates
What ever type of mortgage you require, we can help and you can get a mortgage online or by telephone, the choice is yours. Doesn't matter what type of mortgage you are looking for either. A 100% interest only mortgage, fixed rate 100% mortgages or a 100% no deposit mortgage. We will compare the best 100% mortgage for you using our high tech 100% mortgage calculators and let you know the best deals available today, along with interest rate, charges and repayment plans. Use our online enquiry form for details.
100% mortgages
If you have already found a property or house that you are interested in buying, or think you are ready to get onto the property market, and are actively looking for a mortgage, then we can help you find the best mortgage deals. Simply use our online enquiry form to see just what type of package we can hook you up with and what type of interest rates are available.
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