{"id":18975,"date":"2017-06-06T14:33:01","date_gmt":"2017-06-06T13:33:01","guid":{"rendered":"http:\/\/www.finder.com\/uk\/?page_id=18975"},"modified":"2025-12-16T16:24:59","modified_gmt":"2025-12-16T16:24:59","slug":"mortgages","status":"publish","type":"page","link":"https:\/\/www.finder.com\/uk\/mortgages","title":{"rendered":"Compare mortgages"},"content":{"rendered":"

We've teamed up with L&C Mortgages to help you compare live rates from over 80 lenders.<\/p>\n

I want to...<\/div>\n
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<\/use><\/svg>Buy my first home<\/a><\/div>\n<\/article>\n<\/div>\n
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<\/use><\/svg>Move house<\/a><\/div>\n<\/article>\n<\/div>\n
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<\/use><\/svg>Remortgage & save<\/a><\/div>\n<\/article>\n<\/div>\n
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<\/use><\/svg>Buy to let<\/a><\/div>\n<\/article>\n<\/div>\n<\/div>\n
We compare brands including:<\/div>\n\n
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\n\"Post\n<\/div>\n<\/div>\n
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\n\"NatWest\n<\/div>\n<\/div>\n
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\n\"Barclays\n<\/div>\n<\/div>\n
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\n\"Halifax\n<\/div>\n<\/div>\n
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\n\"HSBC\n<\/div>\n<\/div>\n
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\n\"Molo\n<\/div>\n<\/div>\n
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\n\"Skipton\n<\/div>\n<\/div>\n
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\n\"TSB\n<\/div>\n<\/div>\n<\/div>\n\n
Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.<\/div><\/article>

How mortgages work<\/h3>

When buying a house or flat, most of us won\u2019t have enough money saved up to cover the full purchase price. So in order to raise the full amount needed to buy the property, we need to borrow money through a mortgage.<\/p>

A mortgage is an arrangement where you borrow money from a lender to buy a property, whether as a home or investment (such as a buy-to-let<\/a>). The term of a mortgage usually lasts between 25 and 35 years.<\/p>

In exchange for allowing you to borrow this money, your lender will charge you interest. This can be either a fixed rate mortgage<\/a> where the interest rate remains the same for a specified time, or a variable rate mortgage<\/a>, where the rate can go up or down.<\/p>

You\u2019ll usually pay your mortgage off in instalments known as repayments. These are normally required to be made every month.<\/p>

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\n \n \n <\/circle>\n <\/path>\n <\/svg>\n <\/span>\n Mortgage Guarantee Scheme scheme for 91-95% loan-to-value mortgages<\/span>\n <\/h4>\n
\n \n\nSince 2021, the government has been running support in various guises for mortgages where the buyer has less than a 10% deposit to put down. The current Mortgage Guarantee Scheme became permanent in July 2025. Under the scheme, the government can effectively act as a guarantor for a part of the borrowing \u2013 promising to pay that part of the debt back if the borrower defaults. The hope is that it'll be viable for banks to offer 95% loan-to-value (LTV) mortgages (which had previously disappeared from the market). The government only offers this to first-time buyers and home movers where the value of the property is no more than \u00a3600,000, and it's not a new build. You don't need to do anything \u2013 the lenders simply build the scheme into their products. Learn more about the scheme<\/a>.\n\n\n <\/div>\n <\/div>\n<\/div>\n

What to consider before applying for a mortgage<\/h3>