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I need help with what type of mortgage to get and interest rates?

I am considering getting a mortgage, but i don't know which kind of mortgage would be best suited. I am inteding on borrowng between 拢45,000 and 拢55,000 over 20-25 years but i don't know what type of mortgage is best to get and how much monthly repayments would be. If anyone can give me an estimate of a monthly repayment for the amount and time to repay that would help greatly. I tried using some online calculators but i was informed that they are not very accurate as i don't know exactly what interest rates would be:)

Many thanks! :)

Try this link below they have a 10 yr fixed rate so for 10 years you know exactly how much you will be paying each month. A 45k loan over 25 years would cost 拢278 give or take a few pounds per month for example

www.westbrom.co.uk

The interest rate will change, not if you get a fixed rate though.

If you have NO plans on moving tie in, but if your tied in and want to move the financial penalties could be high to buy out the deal.

The calculators will be maybe 1 or 2 拢 out, but you need to out the correct interest rate in, look at the lender your interested in, and the type of mortgage and use the rate they stipulate.

I should add the cost of mortgage applications are going up, so watch for the upfront fees, as these should also be built into the overall costs if you want to compare like for like.

Try to possess as much information as you can maybe is one option,however it is time consuming,here is the one i have ever had good experience with.http://mortgage.specialistideas.info/mor...

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