175000 Mortgage - Mortgage Financing UK

If you`re looking to borrow £175,000 to purchase a house, or need refinance a property you are currently living with a £175,000 remortgage. A home mortgage might be the most feasible choice for you. A mortgage is an important investment that will impact you for a large part of your life. A home mortgage is a loan which you can take out when purchasing an investment or a property that will become your primary dwelling. When you get a mortgage usually it`ll take 20-30 years to pay off the interest together with the principal loan.

There are two kinds of interest rates when it comes to a home mortgage: variable and fixed rate mortgage. A fixed rate mortgage will remain the same for a fixed amount of time. However with a variable rate of interest could be subject to change depending on numerous variables in the economy, depending if the Bank of England increase or decrease rates will have a corresponding effect on you mortgage rate and payments. The rate of mortgage offered will also depend on a number of different circumstances, you have a better opportunity of getting a lower rate of interest on your own mortgage, if you are someone with good credit, but many lenders do also offer competitive rates for those of us with a poor credit profile. First Choice Finance offer qualified mortgage advice and will compare mortgage plans from multiple lenders to get the best rate for borrowing your £175,000.

Instead of finding your own way through the financial world attempting to get the mortgage that is best from you, to be able to locate the right plan, you can use options and speak with professionals. As a borrower you may be given more options when it comes to your property purchases contact us by calling us free phone 0800 2983000.

By coming to a professional company such as ourselves you can also reap the benefits of refinancing your current house. If you have lots of equity you can do a remortgage. This is a very helpful tool, one which they offer, and will enable you to utilize that money you are doing some other job that is important or if you are looking to restructure any other debts such as other loans and credit card balances.

Deciding the most suitable mortgage plan for you will depend on a number of different factors, including yous financial status, long term plans, and existing credit commitments. Many mortgage borrowers plan on living in the same house for the foreseeable future, while other people consider real estate as an investment for a limited time or purchasing multiple properties. Here at First Choice Finance we can help you compare the mortgage plans available and find one that best suits your circumstances.

Some buyers choose refinancing to be able to enjoy the total equity of your home, and get cash payments which can be utilized for home improvement. This further accentuates the value of their property.

Calculate The Payments of Borrowing £175,000 using our Mortgage Calculator?

Lots of individuals are unable to manage buying a home in a single payment and for those getting a mortgage is a solution that is sufficient and valuable. It is, however, not always easy to discover simply how much money you can safely borrow without worrying whether you`ll manage to settle the necessary sum every month.

You can utilise our mortgage calculator, a tool popular across the world to help an individual calculate the total amount of their monthly mortgage expenses, if this is one of your concerns.

> Calculate Mortgage Payments <

Mortgages & Remortgages 8.4% APRC. Representative Example: Borrow £120,000 over 25 years at 5.99%, £778.86 pcm fixed for 3 years at 60% LTV. Then at 8.75%, £974.86 pcm, variable for 22 years. Total payable £286,416. Total cost of credit £166,416 (including: £985 broker fee, £999 lender fee & £164,432 interest)

Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

Established In 1988. Company Registration Number 2316399. Authorised & Regulated By The Financial Conduct Authority (FCA). Firm Reference Number 302981. Mortgages & Homeowner Secured Loans Are Secured On Your Home. We Advice Upon & Arrange Mortgages & Loans. We Are Not A Lender.

First Choice Finance is a trading style of First Choice Funding Limited of 54, Wybersley Road, High Lane, Stockport, SK6 8HB. Copyright protected.