UK Current Account Mortgage
A UK current account mortgage is a flexible mortgage that is linked to a UK current account.
Benefits of UK Current Account Mortgages
With a current account mortgage, the borrower will find that they will take the benefits of the flexible mortgage and use funds that are held in their current account to offset the interest.
Example of a Current Account Mortgage
If on a particular day, a borrower has a UK current account mortgage balance of £50,000 and has £2,000 held in the current account, the customer is charged mortgage interest on £48,000. They interest is paid on the mortgage balance minus the positive balance in their current account.
Mortgage Options
Some of the newer entrants into the mortgage sector are also linking savings accounts, credit cards and personal loans into the mix. For a mortgage borrower looking for a single solution for their finances, a UK current account mortgage is an attractive option.
Buy Your Home with a Current Account Mortgage
If you would like to buy your own home with a current account mortgage, click on the enquire now button below and fill out our quick and easy mortgage application form. Making an enquiry takes only a few minutes and there is no obligation. If you would like further information concerning UK current account mortgages, please do not hesitate to contact us.
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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Champion Financial Services is a trading style of Rafik Allana of 16b Second Avenue, Hendon, London. NW4 2RN.
Champion Financial Services is an Appointed Representative of Mortgage Next Network Limited, which is authorised and regulated by the Financial Services Authority in respect of mortgage and insurance mediation activities only. Mortgage Next Network Limited is entered on the FSA register (http://www.fsa.gov.uk) under reference 300866.
We do not charge a fee for any initial quotation. There may be a fee for mortgage advice. The precise amount will depend upon your circumstances but we estimate that it will be 1.5% of the loan amount, this fee will be payable on completion.
The overall cost comparison is 6.8% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.