Mortgage Wizard

Mortgage wizards can help you select a mortgage, but might not correctly represent your circumstances.

We no longer display an online mortgage wizard as we are concerned that these mortgage tools can not always give acurate results.

Mortgage lenders will make you a mortgage offer based on your personal circumstances, probably including the amount of deposit available to you and your previous credit history. For example, recently at least one lender has started making it's best mortgage rates only available to customers able to put down a 25% deposit.

Your recent credit history will also affect the mortgage rate you will be offered with different lenders. For example, if you have a history of missed payments or have recently made a lot credit applications, this might make the lender concerned that you could be a future credit risk and default on repayments. If this is the case, you may not be offered the typical mortgage rates they are displaying.

The 'typical' APRs they display on mortgage charts may be the best you can expect to pay. But if you can't fulfil the minimum conditions or your credit history has anything the mortgage lender considers could be a warning flag then you will probably not be offered the best rates available.

Of course, some lenders will be more cautious than others. And other lenders might be more willing to accept credit risks than others and certain mortgages might be more suitable for your personal circumstances than other products.

Overall, this means some of mortgages displayed on a mortgage chart might be suitable for you, whilst others might actually cost more than they appear to cost at first glance.

To find a suitable mortgage, or remortgage, speak to an independent mortgage advisor who can talk to you about your circumstances and find you the best mortgage on the market for you.

Complete the contact form above to be contacted for free by an advisor without any obligation to continue.

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