A presentation slide with an overview about mortgages in climbing the property ladder for ownership purpose in the UK. What do you need to know?

1. Real Estate
Forum

2. MORTGAGES
WHAT DO WE NEED TO KNOW
❏ What is a Mortgage?
❏ Types of Mortgages
❏ How does it work?
❏ Mortgage Approval - What is involved?
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3. “A mortgage
is a loan from
a bank or building
society against the
property you
(are to) buy”.
Source: www.thisismoney.co.uk

4. Types of Mortgages
❏ Fixed Rate
❏ Tracker Rate

5. “HOW DOES IT WORK?
❏ Subject Property
❏ Mortgage Advisor / Broker
❏ Deposit
❏ Mortgage-related Charges
❏ Mortgage Application
❏ Paying-off your Mortgage

6. SUBJECT
PROPERTY
Source: Google Images
DEVON, ENGLAND BOURNEMOUTH, ENGLAND
LUXURY PROPERTY

7. MORTGAGE
BROKER
Source: Google Images

8. DEPOSIT
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9. RELATED
CHARGES
❏ Legal and Survey Fees
❏ Stamp Duty
❏ Valuation fee
❏ Early repayment charge
❏ Legal Expenses
❏ Exit/Closure Fee
❏ Booking Fee
❏ Missed payments etc..

10. APPLICATION
❏ Credit Score
❏ Annual income
❏ Monthly Expenses
❏ Age
❏ Marital Status
❏ Dependents
❏ Personal details etc..
Criteria to consider

11. PAYING OFF
❏ Repayment Mortgage
❏ Interest-only Mortgage

12. Government schemes for first-time home buyers
and existing homeowners
❏ Help-to buy
❏ Right to buy
❏ Shared Ownership
❏ Shared Equity Scheme
❏ Starter Home Scheme
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13. SO WHAT?
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14. Thanks!
Any questions?
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