Self Build Mortgages
Available |
| To give self builders the
sort of choice available to house purchasers a range
of different mortgages are available through the Accelerator
Self Build Mortgage. |
Fixed:
On a fixed rate mortgage
the rate and therefore the amount you pay will not change
for a set period of time. After this time you will revert
to the lender's standard variable rate. An advantage
of a fixed rate mortgage is that it lets you know what
you will be paying over the period of the fixed rate,
so you will not be caught by unexpected interest rate
rises.
More
information on our Fixed Mortgages |
|
|
Tracker:
This is also known as
a base rate tracker. The rate tracks the Bank of England
base rate by a set percentage. When the base rate changes
the amount you pay changes too.
More
information on our Tracker Mortgages |
|
|
Flexible:
These mortgages allow
you more control over your payments. You can make overpayments
which can significantly reduce the term of your mortgage.
Once you have been paying for a while, you usually have
the facility to make underpayments or take payment holidays.
While most flexible mortgages follow the lender's standard
variable rate, a growing number are offering fixed,
capped and discounted rates.
More
information on our Flexible Mortgages |
|
Self
Certification:
Self certification is
useful if you are self employed or a contractor and
will either have difficulty in proving your income or
have a number of sources of income. Selecting this option
will limit the number of lenders and products available
to you.
More
information on our Self Certification Mortgages |
|
|
| |
