Do you need money for your home reconstruction or purchase of a new flat or house? These days only a couple of people are able to finance all the housing costs themselves. The rest can make use of the benefits of ING Fixed Rate Mortgage.Fixed rate mortgages are especially suitable for all those who want to plan their budget carefully. With Fixed rate mortgage the repayments will stay the same during the whole life of your loan.
Moreover, if you are remortgaging then ING offers no fees to pay for the property valuation or the standard conveyancing process (you must use ING specialist conveyancers).
Characteristics:
- Loan amounts between £50,000 and £2,000,000
- Loan terms between 2 and 5 years
- LTV from 60 % to 80%
- Flexibility
- Professional advice and guidance
LTV = Loan to value expresses the amount of a first mortgage lien as a percentage of the total appraised value of real property. Typically, assessments with high LTV are generally seen as higher risk and therefore the mortgage is usually more expensive.
You should also keep in mind that your home may be repossessed if you do not keep up repayments on your mortgage!
Mortgage Calculator
In order to find out how much money you can afford to borrow there is the online useful mortgage calculator. There are several types of mortgage calculators thanks to which you can find out how much you can borrow, how much you can afford, your monthly payments or you can learn how to make flexible payments.
Read more at http://portal-loans.co.uk
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