


Find the best mortgage for you

Whether you are a first-time buyer, purchasing a new home or remortgaging, L&C can help you find the perfect solution.

House Network have teamed up with award winning broker L&C to bring you fee free mortgage advice from across the market. You can compare today’s mortgage rates, speak to an adviser on 0800 073 1951 or use the Mortgage Finder to see how much you can borrow now.

Buying a new home is likely to be the largest purchase for the majority of people in their lifetime. Understanding the process, affordability, interest rates and types of mortgages available can go a long way in putting you on the right track. The calculators and tools below help to highlight the options available to you.

Our Mortgage Calculators

How much can I borrow?

Discover how much you could borrow using our simple calculator.

How Much Will It Cost?

Discover how much your monthly mortgage costs could be with our easy to use tool.

Stamp Duty Calculator

Discover how much stamp duty tax you will have to pay when buying a property.

Rate Change Implication

Discover the impact an increase or decrease in interest rates can have on your mortgage repayments.

Mortgage Overpayment

Discover how mortgage overpayments may reduce interest costs and save you money on your mortgage payments.

Early Repayment Charge

Discover how much it will cost to exit a mortgage agreement early.

Free Mortgage Advice with L&C

The team at L&C believe that buying a home should be fun and remortgaging should be simple.

Finding the right mortgage and moving house can feel both time-consuming and daunting. Especially when there are so many options and decisions to be made. That’s why L&C do all the hard work for you. They’ll search for great deals across the market, and as the UK’s leading fee free mortgage broker, they won’t charge you a penny. Get in touch with one of their expert advisers and find the right mortgage for you.

A Guide to Mortgages

What is a mortgage?

A mortgage in its simplest explanation is basically a loan from a bank or building society that allows you to purchase a property. The majority of people do not have the full amount necessary to buy a house outright and therefore require some assistance with a loan from a mortgage lender.

The home being purchased normally serves as collateral against the loan amount and can be repossessed if prompt repayments are not made. It is possible to get a mortgage on your own or jointly with others.

Before buying a property, it is important to know the details involved and to have an idea whether:

- You can afford the deposit required (usually 10% of property value)
- You can afford the monthly repayments
- You know the difference between the types of mortgages available
- The money borrowed from the lender for the property is the base capital, but there is also interest charged against it for the duration of the agreement (usually 25-35 years).

The type of mortgage you will be eligible for is also dependant on how you want to pay for it.

Repayment mortgage – this is the standard payment model where you pay off both the base capital and interest monthly. This means that you will own the property outright by the end of the payment period (unless it is a leasehold).

Interest only mortgage – although usually much cheaper in terms of repayment, you will only pay off the interest on the loan and not the actual base capital amount. These are not common as most lenders are weary of the borrower being able to pay off the actual capital. Additionally, the property is not owned till the base capital is paid off.

These are simply the cost of borrowing money from the lender. The higher the interest rate, the higher the cost of the mortgage. These rates are usually decided by the Bank Of England, which then impacts how lenders determine their rates.

Many lenders offer deals such as ‘Fixed term rates’ which means for a certain period (normally 2,3 or 5 years) the interest amount is fixed no matter what happens to the base interest rate in the economy. The standard type is the ‘Variable rate’ which means your payment can go up or down depending on the general interest rate changes.

Whilst putting down a smaller deposit amount may ensure you can purchase a property faster (as you are borrowing more) the interest rates are usually higher compared to borrowing less with a higher deposit.

It is recommended to discuss with a mortgage broker to understand your options and what mortgage type works best for your circumstances, you can speak to our mortgage partner L&C for the best advice on mortgage rates available to you by calling 0800 073 1951.

There are various mortgage types available, including standard variable rate, tracker mortgages, discount mortgages, offset mortgages etc. Find out more about the different types here

These are usually available for first time buyers looking to get unto the property ladder and come with high LTVs, meaning deposits can be as little as 5 or 10% only

A government scheme helping first time buyers who have a small deposit. They offer equity loans which provides an additional loan amount to your deposit. These can cover up to 20% (40% in London) of the property amount and are interest free for five years, at least 5% deposit amount needs to be provided by yourself though.

Allow for a small (5%) or in some occasions no deposit purchases. These are called guarantor mortgages as a family member or close friend will need to agree to cover any missed payments, their own property or savings may be used as collateral against the new property.

Allows those in council housing to purchase a property they have lived in for more than 3 years. Discounts can range from 15 to 70% and the discounts may be used in some occasions instead of a deposit.

The House Network Mortgage Service is provided by London & Country Mortgages (L&C), Beazer House, Lower Bristol Road, Bath, BA23BA, London & Country are authorised and regulated by the Financial Conduct Authority (registered number: 143002). The FCA does not regulate most Buy to Let mortgages. Think carefully before securing other debts against your home. Your home or property may be repossessed if you do not keep up repayments on your mortgage.