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Current account mortgages.
A current account mortgage combines your mortgage, your
current account, your savings account and even your personal
loans and credit cards into one account.
Your salary is paid into this account, something insisted
upon by some lenders, and should you not spend all your
income at the end of the month, that amount is taken off
what you owe on your mortgage.
So, should you be paid £2000 after tax each month,
then spend £1500 in the month, you have £500
in your account which comes off your mortgage. Since interest
is calculated on a daily basis, the interest you pay is
immediately reduced.
This is where we can
help!
We can advise you on the best current account mortgage
provider and current account mortgage product for your
personal requirements. We can either provide you with
a current
account mortgage quote, telephone
you to discuss your current account mortgage requirements
and even arrange a face
to face meeting in your own home or at work with a
local independent mortgage adviser.
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