ClarendonsSales, Lettings & Property Management

Mortgage Calculator.

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Mortgage Tips & Considerations

Understanding the key factors that affect your mortgage can help you make informed decisions about your property purchase.

Deposit Size

The larger your deposit, the lower your loan-to-value ratio and typically the better interest rates you'll qualify for. Most lenders require at least 5-10% deposit.

Interest Rates

Fixed rates offer payment certainty, whilst variable rates may start lower but can change. Consider your financial situation and risk tolerance when choosing.

Additional Costs

Remember to budget for solicitor fees, survey costs, stamp duty, and moving expenses. These can add several thousand pounds to your purchase.

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