The essential guide to mortgages


Most people who buy property will use some form of mortgage. Indeed, according to the Financial Conduct Authority (FCA), in the final quarter of 2023, the total amount borrowed through residential mortgages was £1,657.6 billion.

While buying a property is an exciting time, the mortgage market may seem confusing. It can feel like there are an overwhelming number of options, whether you’re a first-time buyer or are expanding your property portfolio.

If you need to apply for a mortgage but aren’t sure where to start, this guide could help you:

  • Understand how much you could borrow through a mortgage
  • Decide if a repayment or interest-only mortgage is right for you
  • Assess how the mortgage term could affect your short- and long-term finances
  • Review whether a fixed-, tracker-, or variable-rate mortgage makes sense for you
  • Calculate what your loan-to-value ratio will be.

In addition, the guide explains the benefits of working with a mortgage adviser, including identifying lenders that may be more likely to accept your application and reviewing your paperwork to minimise mistakes.

Download your copy of ‘The essential guide to mortgages’ now to improve your mortgage knowledge and understand your options when you’re searching for a new deal.

If you have any questions about your mortgage, please get in touch.

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      Annetts & Orchard is a trading name of Annetts & Orchard Ltd. We are authorised and regulated by the Financial Conduct Authority. You can find Annetts & Orchard Ltd on the FCA register (FCA number 820272) by clicking here. Registered in England & Wales (11503291).

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