Mortgage Hub

Is your fixed term mortgage coming to an end? Are you considering your remortgaging options?

At The Cumberland we’re all about kinder banking. If you’ve decided that now is a good time to consider remortgaging, we have some handy tips and pieces of information that you may or may not have considered:

Anyone who’s ever bought a house will know the frustration that comes with saving for their deposit.

First things first, a deposit is a lump sum you pay upfront, letting you own part of the property outright. During the purchasing process it gives the seller reassurance that you are serious about the purchase.

As a first time buyer, the last thing you need is for the mortgage process to be complicated. You’ll have plenty running through your head with house viewings, budgeting and solicitors. Are you waiting for someone else? Are you supposed to be doing something? Have you forgotten something?

We ask our mortgage adviser the difficult questions…

The sale is agreed and you have a date for picking up the keys to your new home, that’s when you need to get organised.

A mortgage is a form of borrowing (or home loan) used to cover the remaining cost of a house or flat after your deposit has been paid.