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Mortgage With a Good credit Score

Best Mortgage Rates

I Want To Buy I Want to Remortgage

Mortgage With a Good credit Score

    • 3.84% Initial
    • 5 year fixed
    • 6.4% APRC
    • Cashback £0
      Free Legals
      Free Valuation
    • Get quotes
    • 3.85% Initial
    • 5 year fixed
    • 6.7% APRC
    • Cashback Max £250
      Free Legals
      Free Valuation
    • Get quotes
    • 3.85% Initial
    • 5 year fixed
    • 6.7% APRC
    • Cashback Max £250
      Free Legals
      Free Valuation
    • Get quotes
    • 3.86% Initial
    • 5 year fixed
    • 6.7% APRC
    • Cashback Max £250
      Free Legals
      Free Valuation
    • Get quotes
    • 3.89% Initial
    • 5 year fixed
    • 5.9% APRC
    • Cashback Max £1,250
      Free Legals
      Free Valuation
    • Get quotes

Representative example based on a fixed rate mortgage

A mortgage of £375,000 payable over 20 years initially on a fixed rate for 5 years at 4.38% and then at the standard variable rate of 7.65% for the remaining 15 years would require 60 monthly payments of £2,351.88 and then 180 monthly payments of £2,899.55.

The total amount payable would be £663,156.80 which includes interest and product fees of £1,124.

The overall cost for comparison is 6.5% APRC representative.

Early repayment charges may apply.

Mortgage with Good Credit Score

It is likely that if you have a good credit score and are looking to secure a mortgage, you will be widely considered and even accepted by most lenders as long as you meet their affordability requirements.

Since you are likely to be eligible for most mortgage deals, it is vital that you shop around to find the most competitive rate.

Following these simple steps will maximize your chances of getting the best mortgage deal in addition to your good credit score.

  • Deposits - the more you put down on a deposit, the better the interest rate you are likely to receive
  • Maintain up-to-date financial and employment documents - These documents will demonstrate to lenders that you have a stable career and good credit history
  • Make sure your credit history is up-to-date - Before you apply for a mortgage, you can check your credit score online to make sure it is accurate
  • If you choose the first mortgage deal with the lowest interest rate, you should also consider additional fees and costs (such as arrangement fees) associated with the package 

Different types of mortgages

There are three types of mortgages, and you should choose the one that is most appropriate for your specific circumstances.

  • Fixed rate mortgages – These loans have a fixed interest rate throughout their term.
  • Variable Rate Mortgage - This is a loan whose interest rate fluctuates throughout its term, based on the Bank of England base rate.
  • An offset mortgage - linked to your savings account, current account or both. It may be possible to reduce the amount of interest you pay on your mortgage by offsetting your savings against it, while still keeping access to your money.

 Speak to a Mortgage adviser

In addition to providing impartial advice, independent mortgage advisers can help you find out whether you have a chance of getting approved for a mortgage by using their services. A company that offers a whole market service can use their professional knowledge of the industry to seek out the best products on the market based on their professional knowledge of the industry.

In addition, some specialist mortgages can only be obtained through an intermediary. 

Independent Advice

Have a good credit score but not sure what your mortgage options are? Then speak to our independent mortgage broker team who will be able to offer impartial advice or you can call us on 0117 403 3464

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