An interest-only deal requires that only the interest on the mortgage is paid off on a regular basis, usually monthy. | General Consumer Tip: Don't be afraid to ask for what you want. You just might be surprised and be approved for the perfect e-mortgage for you.
|
Explain your specific needs to your interest-only simple mortgages broker, and let him find the best one for you. However, be aware that some mortgage lenders will pay some brokers to be recommended; so it is better to make sure that you are using an independent one to get you the most convenient mortgages available in the market. You can improve your credit-rating by:- Having a credit card or store card;
- Paying off your credit-cards, store cards and video rentals regularly;
- Getting black marks removed from your credit report. Go to Experian, CallCredit and Equifax;
- Living in one place for two years or more;
- Your dwelling not having had previous occupiers with bad credit;
- Being on the electoral register;
- Paying your bills before the due date;
- Having the same bank account for two years or more;
- Being in credit on your bank account (no overdraft, no unauthorised overdrafts);
- Having £40,000 in the bank already(!)
- Owning property already(!)
| 
