Here we introduce mortgages and cover the basic facts about mortgages that you need to know before making any choices. It includes basic guide on on how mortage lenders calculate interest and the mortgage fees that you are likely to face.

This section outlines the various fees that lenders charge to bump up their profits.

 It is important to know what these are and how much you should expect to pay before making a decision. The section covers fees at the beginning of the mortgage, including the mortgage set-up fee (which is charged on nearly all mortgages) and the higher lending fee (which is only charged if you borrow a high loan-to-value percentage) as well as fees at the end of a mortgage, such as the mortgage exit fee.

Perhaps the most important type of charge to understand is the early redemption penalty, which can keep you trapped on an uncompetitive rate of interest and result in much higher mortgage payments than are necessary.

This section outlines all the key decisions you need to make when choosing a mortgage. It begins by discussing how much you will be able to borrow and then discusses what length mortgage term to choose, whether to choose a repayment or an interest only mortgage and whether to choose a fixed or variable rate mortgage. Finally it discusses the different options for choosing how long your fix or discount rate should last for.