Mortgage loan. Details of cheap mortgage loans and the best mortgage loans on the market.

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Mortgage Loan

A mortgage loan (or mortgage as they are more commonly known) is probably the largest loan that you will even apply for, so it is important that you select the right mortgage for you.

How much can I borrow?

The amount of money that you can borrow when applying for a mortgage will very much depend on your own personal circumstances and the terms of the lender.

Most mortgage lenders will offer at least 3 times your gross earnings, but the marketplace for mortgages is constantly changing and some mortgage lenders will now offer five times earnings.

What is I want to borrow more?

Some lenders now offer non status mortgages, otherwise known as self certified mortgages.
Again, the terms will depend on the terms and conditions laid down by the lender, but if you have a substantial deposit to put down (usually in excess of 20%) you will be able to request a reasonablly high mortgage loan without having to provide documentary evidence of your income.

How long do I have to repay my mortgage?

Traditionally, a mortgage would be repayed over a period of 25 years, but you can now get a mortgage that you can repay over a much longer period.

Can I use a mortgage for a buy to let property?

You will need a special buy to let mortgage to but an investment property to let.