Mortgages

Picking the right mortgage deal is no easy task - as well as stumping up a deposit, there are the fees and different interest rates to take into account. To help you out, Moneywise TV sheds some light on the process.

Liam Tarry speaks to mortgage expert Ray Boulger, from brokerage John Charcol, about the outlook for interest rates, property prices and the housing market.

Mortgages continues to be a hot topic of discussion in the media with reports of an upturn in the property market pouring in and competitive deals once again beginning to enter the market but whats really happening?

There is a lot to consider when you are arranging a mortgage such as

For many people, their mortgage payment is one of the largest monthly bills that they face, so any fluctuation in such payments can have a significant impact on their budgeting. The interest rate is usually the main factor which will determine what your monthly mortgage payment will be, and can also be the main cause of such fluctuations. Remember, your home may be repossessed if you do not keep up repayments on your mortgage. It is therefore important to understand the part that interest rates play in different types of mortgage contract:

Buying a house, whether it is as a home to live in, as an investment for the future or as a source of rental income (buy to let), is probably the most expensive purchase that most of us will make in our lives. Some people are able to fund such purchases from their own savings, but for most of us, buying a house will require us to arrange a mortgage.