The biggest single investment you'll make?
Buying a house is likely to be the biggest single investment you'll ever make and continue to upgrade over the years. After finding the right home you will need to find the right mortgage. It may seem complicated, but with the right advice and plan for the future you will be able to relax and enjoy your new home.

Interest Rates Explained.
Interest rates are probably the most important part about buying a house. After all, your aim is borrow the money you need for the least possible cost, so you need to assess which type of interest rate is best for your particular circumstances.

Standard Variable Rate:	This is the general rate of interest that lenders use. The standard variable rate is linked to the Bank of England's base rate and moves up and down in line with it.
Fixed Rates:	The rate of interest is fixed for a certain length of time -- usually 1-5 years, so you'll know exactly how much you'll need to pay the mortgage each month.
Discount Rates:	Your monthly payments will move up and down in accordance with the lender's normal rate but you'll be paying at a reduced rate over the relevant time period.
Capped Rates:	There is a cap to the interest rate you will pay. If your lender's variable rate goes higher than the capped rate you will benefit. If it falls below the capped rate you'll be paying what everyone else is paying.

Mortgage Comparrison Tables.
Click below to visit the Financial Services Authority mortgage tables. Compare online mortgages that are availabe form the various providers.
http://www.fsa.gov.uk/tables

We recommend the following tips before borrowing: 1. Think about how much you will need to borrow, legal bills, stamp duty and moving costs to ensure that you have enough money to cover this. 2. Make a list of all your outgoings each month to see how much you can comfortably afford to pay. This includes credit cards and loans and take into account expediture for annual holidays, home improvements and household bills. 3. Think of future expenditure such as insurance, health care plans, children, new cars and work this into your financial life plan. 4. Don't get sucked into short lived introduction offers such as cash back, fees paid and reduced rates if the rest of the mortgage specification and rates do not suit your plans for the short and long term future. All web site elements and text are copyright of IG Mortgages 2003. Unauthorised use is prohibited.