What is a mortgage?

A mortgage is a security interest in property held by a lender as a security for a debt, usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed.

In other words, the mortgage is a security for the loan that the lender makes to the borrower.

Sound confusing?

Well at 1st Call we use a highly skilled and regulated team of mortgage brokers who make mortgages easy!

We are able to offer a fully independent team of mortgage brokers who offer "easy to understand" advice and the best up-to-date rates and deals for New Mortgages, Remortgages & First Time Buyers.

You could also be forgiven if you are confused about the different types of mortgages available as there are so many and they all have their own selling points. Choosing which one is right for you is the important part, and based on the information provided our team of brokers will be able to offer you completely independent advice and assist you in finding the best deal.

For Independent advise on any aspect of mortgages please contact us on our Mortgage Hotline on 01702 616416 or register your details below and one of our Mortgage team will contact you within 24 hours.