Arranging a mortgage can feel complex.
How can you be sure you're getting the best mortgage rate for you, choosing the right mortgage term and aren't paying too much in fees?
Explore our range of mortgage guides, get the lowdown on the latest mortgage news and find the best mortgage deal for you.
A Mortgage Agreement in Principle (otherwise known as an MIP or AIP) is a document stating how much you're able to borrow from a lender, provided the information you've supplied is accurate.
It’s the first step in the process of securing a mortgage.
Work out how much you can borrow, arrange your mortgage in principle and secure your mortgage offer.
How to arrange a mortgage and secure the best rates available.
When you're moving to another property, you can port your existing mortgage, extend your current mortgage or remortgage completely.
Let's take a look in more detail at mortgages for moving home.
Additional borrowing is when you borrow more on your existing mortgage.
You can borrow more from your existing lender, borrow from a different secondary lender or remortgage completely.
Let's take a look in more detail.
When you're purchasing a property for someone else to live in, the rules around mortgages and stamp duty change.
Buy-to-let mortgages often come with higher interest rates, and interest-only mortgages are a popular choice among landlords.
Let's look into how it all works.
Get your finances ready
Compare mortgage rates
Decide the length of your mortgage term
Agree on a monthly payment you can afford
Arrange a mortgage agreement in principle
Secure a mortgage offer
1-year fix - unavailable
2-year fix - 5.7%
3-year fix - 5.57%
5-year fix - 5.32%
10-year fix - 5.75%
1 year fix - 5.28%
2 year fix - 5.45%
3 year fix - 5.23%
5 year fix - 5.02%
10 year fix - 5.34%
1-year fix - 4.39%
2-year fix - 4.71%
3-year fix - 4.67%
5-year fix - 4.5%
10-year fix - 4.82%
1-year fix - 4.22%
2-year fix - 4.54%
3-year fix - 4.45%
5-year fix - 4.32%
10-year fix - 4.76%
Tell Mojo about yourself and your situation so that they can get to know you, provide you with advice and ensure you’re eligible. It will take around 8 minutes.
Book a call and speak to one of Mojo's in-house mortgage experts, who will compare thousands of deals from over 70 lenders to find one suited to you.
Leave it with Mojo; the paperwork, the application, the bank poking and protection insurance, they'll handle all the stress. And if you’re remortgaging they could save you a lot of money.
You can approach any lender to secure a mortgage.
If you want to get a mortgage as quickly as possible, going to your existing bank could be a good option.
Equally, if you have strong preferences for a particular lender or mortgage and are confident in the process, you may prefer to handle the mortgage application yourself.
You can approach as many lenders as you wish to find the best mortgage rate options for you, although it can be time-consuming to repeat the process with each lender.
A mortgage broker will scour the whole market to find the best deals on your behalf.
They have access to deals that aren’t available on the high street as some lenders only work through brokers.
They can help to speed up the move and reduce the stress of the house buying process.
They can also help out if your credit rating isn’t where it ideally needs to be, if you have income/affordability issues, a less straightforward employment history or are buying a unique property.
Are interest rates going up or down? And what does this mean for mortgages? Get the latest.
The Bank of England has cut the base rate to 4%. Here’s how it will impact interest rates and the mortgage market, and what it means for your move.
Mortgage rates are likely to stay in the 4-5% range this year but changes to affordability testing gives buyers a boost.
27% of homeowners with a mortgage are on their lender’s standard variable rate. Could you be one of them?
First-time buyers accounted for more than half of all home loans in 2023 - and more than two-thirds teamed up to secure their own homes.
The first full week back after the new year has seen buyer interest jump out of the blocks faster than last year as mortgage rates drop. Get the latest with Richard Donnell.
95% mortgage guarantee scheme extended, 40,000 new homes to be built and Local Housing Allowance unfrozen to help renters on the lowest incomes.
Marathon mortgages, cutting pensions and raiding savings: how homeowners are coping as mortgage rates hover at their highest levels for 15 years.
42% of adults aged 18-39 who don’t own a home say they’ve given up on the idea of buying one in the next ten years, including 38% of those earning £60,000+.
As lenders withdraw some of their products, we take a look at what’s triggered the current turmoil in the mortgage market and what buyers and homeowners can do.
The Bank of England’s latest increase adds a further £60-a-month to repayments for homeowners with a £200,000 variable mortgage.
Core inflation rose to a new 31-year high in May, suggesting the Bank of England will have to increase interest rates by more than previously expected.
Leeds Building Society has teamed up with Experian to incorporate regular direct debit payments into credit scores for first-time buyers.
Buying a home is a big deal. From finding that perfect pad right through to exchanging contracts, we’re here to guide you every step of the way.
Whether you're a first-time buyer, home mover or landlord, our mortgage guides are here to help.
From securing an Agreement in Principle to locking in your mortgage offer, here’s how to navigate the process with confidence. We’ll show you how to prep like a pro and boost your chances of lender approval.
Want to give buy-to-let a go? Here’s our complete guide to becoming a landlord, from getting a mortgage and choosing a property to finding the right tenant.
A good rule of thumb is that you can borrow between 4 and 4.5 times your total household income. Let's work out how much you can borrow for a mortgage.
Want to renegotiate the price of the property you’re buying? Our guide has the ins and outs on how it could affect your mortgage offer.
What’s the difference between an interest-only mortgage and a repayment one? Let’s take a look at the pros and cons of both.
Legally, you're never too old to get a mortgage. As long as you've got the means to pay it, there'll be mortgage providers willing to lend it.
Ready to start looking for a mortgage and not sure where to start? Let a mortgage broker guide you. They have access to deals that aren't always available on the high street.
A healthy credit score can get you the best mortgage deal or the rental home you want. Here's what to do to improve yours.
Looking to get your first mortgage or lock in a new one? Let's take a look at the pros and cons of the different types of mortgages available.
What is the Bank Rate? Why do interest rates change? And what does it all mean for your mortgage repayments? Here’s everything you need to know about interest rates and how they affect you.
Retirement interest-only mortgages are designed to help those who can't repay their mortgage in full when they retire. Here's how they work.
With Brits living and working longer than ever, more of us want to take out mortgages later in life.
We know getting a mortgage can seem pretty complicated. So we’ve listed the questions we hear all the time.
How long does a mortgage application take?
It can take from two to six weeks to get a mortgage approved. Most mortgage offers are then valid for six months.
So if you see a great deal out there and want to reserve it, it's worth speaking to the lender or a mortgage broker in advance.
How long does a mortgage offer last?
A mortgage offer usually last for 3-6 months, although this can vary according to the lender.
If you don't buy a property within this time frame, you may need to ask for a mortgage offer extension.
What's a mortgage?
A mortgage is a type of loan secured from a lender in order to buy a property or a piece of land.
A mortgage is typically paid back on a monthly basis over a number of years, the maximum being around 40 years in the UK. Today, the typical mortgage term is 32 years.
What types of mortgages are there?
There are several different types of mortgages: fixed rate mortgages guarantee certainty on your monthly payments, while tracker and variable rate mortgages fluctuate alongside interest rates.
What does a mortgage broker do?
A mortgage broker helps you find the best mortgage by comparing available deals and assessing the total costs, including interest and fees.
They also evaluate your chances of approval to avoid unsuccessful applications.
How do I go about remortgaging?
To remortgage, you can either approach your current lender or another lender, or you can ask a mortgage broker to scour the whole market for you to find the best deal for you.