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Cheap Mortgages
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When searching for the most suitable mortgage then most people automatically look for cheap mortgages.

Now don’t get me wrong, I believe you should be looking for the cheapest mortgage you can find, however this needs to be measured with all the other aspects of a mortgage that can have an affect on the total cost of the mortgage.

Let me give you an example. Cheap mortgages may be the lowest tracker mortgages that you find in the best buy tables, however these cheap mortgages may only be cheap for the first year and then they start to rise and don’t look so low anymore. Or they may be variable rate mortgages which can rise with any Bank of England rises, so even though these cheap mortgages were cheaper than say a long term fixed rate mortgage, over a period of time they weren’t so cheap.When searching for the most suitable mortgage then most people automatically look for cheap mortgages.

Now don’t get me wrong, I believe you should be looking for the cheapest mortgage you can find, however this needs to be measured with all the other aspects of a mortgage that can have an affect on the total cost of the mortgage.

Let me give you an example. Cheap mortgages may be the lowest tracker mortgages that you find in the best buy tables, however these cheap mortgages may only be cheap for the first year and then they start to rise and don’t look so low anymore. Or they may be variable rate mortgages which can rise with any Bank of England rises, so even though these cheap mortgages were cheaper than say a long term fixed rate mortgage, over a period of time they weren’t so cheap.When searching for the most suitable mortgage then most people automatically look for cheap mortgages.

Now don’t get me wrong, I believe you should be looking for the cheapest mortgage you can find, however this needs to be measured with all the other aspects of a mortgage that can have an affect on the total cost of the mortgage.

Let me give you an example. Cheap mortgages may be the lowest tracker mortgages that you find in the best buy tables, however these cheap mortgages may only be cheap for the first year and then they start to rise and don’t look so low anymore. Or they may be variable rate mortgages which can rise with any Bank of England rises, so even though these cheap mortgages were cheaper than say a long term fixed rate mortgage, over a period of time they weren’t so cheap.


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