AT A GLANCE
What is a mortgage?
A mortgage is borrowing secured against a property. A review considers affordability, deposit, interest-rate structure, fees and repayment term. The property may be repossessed if repayments are not maintained, so the overall cost and risks matter as well as the monthly payment.
A mortgage is part of a much bigger decision about where and how you want to live. Looking at your deposit, income, regular spending and future plans helps establish a useful budget. From there, you can consider repayment options, rate types and the overall cost of borrowing.
What this can help you explore
- Understand affordability and prepare for an application.
- Compare fixed and variable rates alongside product costs.
- Plan borrowing around a first purchase or home move.
Things to consider
Your home may be repossessed if you do not keep up repayments on your mortgage.
An agreement in principle is not a mortgage offer; lending remains subject to assessment and property checks.
Your questions, answered.
Lenders assess factors including income, outgoings, credit history, deposit and the property. Each lender has its own criteria.
No. Fees, incentives, repayment flexibility, early repayment charges and your expected time in the property can all affect the overall value.
Who provides this service?
The provider, applicable permissions, advice scope and terms must be confirmed before you proceed. Regulatory treatment and protections vary by service and product.
Regulatory information