1.
Explain... Pension Plan
Monthly contributions will be significantly higher than with any other mortgage as the amount that you can take out on retirement is capped at 25%. ...
2.
Explain... Endowment Policy
It follows the same route as the low cost endowment, but premiums begin low and increase over a number of years. The overall amount that you pay into this ...
3.
Explain... ISA
Explain... ISA. An Individual Savings Account is a method of saving tax free. You can either keep your savings as cash, in a life assurance policy – such as ...
4.
Explain... Mortgage Indemnity Guarentee
To cover this extra risk they may take out an insurance policy, the cost of which is passed onto you in the form of a Mortgage Indemnity Guarantee. ...
5.
Explain... Endowment Policy
It follows the same route as the low cost endowment, but premiums begin low and increase over a number of years. The overall amount that you pay into this ...
6.
Explain... Endowment Policy
This policy will also provide life assurance, so your mortgage will be paid ... It follows the same route as the low cost endowment, but premiums begin low ...
7.
Explain... Guarentor Mortgage
A Guarantor mortgage would ask a blood relative, usually parents, to guarantee to pay a mortgage if the borrower fails to do so. Some lenders require the ...
8.
Explain... Low Start Mortgages
Low Start Mortgages. This type of product is for anyone who needs to severely restrict their outgoings at the beginning of the mortgage term. ...
9.
Explain... APR
Explain... APR. The Annual Percentage Rate is the indicator to compare interest rates. It looks at a whole mortgage deal, including set up costs, ...
10.
Explain... Interest Rates
Explain... Interest Rates. The interest rate is the most important feature of your mortgage as this is the means lenders use to make their profit. ...
