Mortgages - The Basics

Unless you are extremely wealthy, or considering buying a wooden shed in a forest, you'll have to join the masses and take out a mortgage.

So What Is It?

A mortgage is basically a loan from a bank or building society, which is paid back (with interest) over a number of years. They come in many shapes and sizes, each with their own restrictions and small print. Taking out a mortgage is a serious long-term commitment, so it is worth finding out as much as you can before you dive in.

Right, So How Can I Find Out More?

Firstly, have a browse through our Mortgage Guide. Once you've grasped the basics, you can check out our Index of Mortgage Services available on the Web.

You'll also find that banks and building societies will be more than willing to discuss what they offer. Often, your local high street bank or building society will have a mortgage specialist who will talk you through all the options.

Try the Mortgage Calculator.

Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.