{"id":15,"date":"2017-09-03T01:17:26","date_gmt":"2017-09-02T23:17:26","guid":{"rendered":"http:\/\/wlasny-dom.co.uk\/en\/?page_id=15"},"modified":"2023-02-27T20:18:09","modified_gmt":"2023-02-27T19:18:09","slug":"mortgage","status":"publish","type":"page","link":"https:\/\/wlasny-dom.co.uk\/en\/mortgage\/","title":{"rendered":"MORTGAGE"},"content":{"rendered":"<p><strong>There are many different kinds of mortgages available offered due to banks increasing the range of their products on offer.<\/strong><\/p>\n<p><strong>I will try to explain the basic issues regarding the most popular mortgages available.<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Repayment Mortgage<\/strong> require payments to the lender which consist of a combination of interest and capital. The final payments at the end of the Mortgage term will pay the final amount of capital owed.<\/p>\n<p><strong>Interest only mortgage<\/strong> require payments which cover the interest ONLY but make no reduction to the amount borrowed. The lender will require the borrowing to be repaid in a lump sum at the expiry date of the loan.\u00a0 It is usual for an investment or saving plan to be put in place to provide for the repayment of the loan on the due date.<\/p>\n<p><strong>Fixed Term Mortgage\u00a0 <\/strong>&#8211; this scheme gives a borrower a guarantee that for a given period of time the applied mortgage interest rate will be fixed and unaffected by either rises or falls in underlying interest rates.<\/p>\n<p><strong>Variable interest Mortgage &#8211; <\/strong>this is the normal method of charging for the money borrowed from a mortgage lender. As (national) interest rates change, a lender will announce its rates will vary \u2013 up or down \u2013 and the rate will change after a notice period.<\/p>\n<p style=\"padding-left: 60px;\">&#8211; Lenders do not normally charge arrangement fees for variable rate loans.<\/p>\n<p style=\"padding-left: 60px;\">&#8211; Early redemption charges (for early settlement) are not normally applied.<\/p>\n<p class=\"p1\"><strong>Tracker Mortgages &#8211; <\/strong>a tracker mortgage is a variable rate mortgage where the interest \u2018tracks\u2019 another rate or index, i.e. the Bank of England base rate, at an agreed rate, or the lenders Standard Variable Rate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There are many different kinds of mortgages available offered due to banks increasing the range of their products on offer. I will try to explain the basic issues regarding the most popular mortgages available. &nbsp; Repayment Mortgage require payments to the lender which consist of a combination of interest and capital. The final payments at [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-15","page","type-page","status-publish","has-post-thumbnail","hentry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/wlasny-dom.co.uk\/en\/wp-json\/wp\/v2\/pages\/15","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wlasny-dom.co.uk\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/wlasny-dom.co.uk\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/wlasny-dom.co.uk\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wlasny-dom.co.uk\/en\/wp-json\/wp\/v2\/comments?post=15"}],"version-history":[{"count":2,"href":"https:\/\/wlasny-dom.co.uk\/en\/wp-json\/wp\/v2\/pages\/15\/revisions"}],"predecessor-version":[{"id":64,"href":"https:\/\/wlasny-dom.co.uk\/en\/wp-json\/wp\/v2\/pages\/15\/revisions\/64"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wlasny-dom.co.uk\/en\/wp-json\/wp\/v2\/media\/16"}],"wp:attachment":[{"href":"https:\/\/wlasny-dom.co.uk\/en\/wp-json\/wp\/v2\/media?parent=15"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}