Committing yourself to a mortgage is a serious commitment – you only need to read the small print attached to most mortgage documents to see this. And when you consider that the average mortgage advance in 2006 was more than £118,000, it’s clear that picking the wrong one could prove expensive.
There are many things to keep in mind when you are applying for a mortgage, including:
- How much you want to borrow?
- What that is as a percentage of the property’s value?
- How long you want the mortgage to run?
- What type of repayments you are thinking of (capital and interest or interest only?)
- Do you want a fixed or variable rate?
- Are there any admin fees or charges?
At Direct Line, we agree that it makes sense to compare mortgages. And while we appreciate that people might want to consider other providers, we have made it easy to compare all of Direct Line’s mortgages. Using our mortgage calculator to answer the questions above, you will automatically be given quotes on some or all of our fixed rate and discount tracker mortgages, showing you in no uncertain terms how much you could expect your monthly payments to be.
What’s more, we believe in keeping things simple. That’s why our documents are written in plain English.
So, whether you are a first-time buyer or thinking of switching from your current lender, why not use our mortgage calculator to get an idea of our competitive rates?
You can find out more about our mortgages online as well. And if you take out a Direct Line mortgage, we’ll give you a discount off our best home insurance price.
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