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Mortgage FAQs

How do I know which mortgage is right for me?

There are a vast number of mortgages available in the market. It’s vital that you get the right advice before getting a mortgage. Just call our mortgage advisers on 0800 107 0190 or email for help.

How much can I borrow?

A mortgage lender will generally lend three and a half times your gross annual salary. Exact details will depend on the lender you choose and your individual circumstances. Higher lending may be available based on your personal situation.

Will I need a deposit?

The majority of lenders will want you to put down a deposit, usually around 10% – 15% of the property’s value. Again, exact details will depend on the individual lender.

What other costs are included?

There can be many extra costs involved in buying a property, such as valuation and survey fees, solicitors’ fees, home and contents insurance, and possibly stamp duty– depending on the value of the property. As every property purchase is different, contact our mortgage advisers to find out what’s right for you. We can run through all the potential costs you may face and help you to work out your budget.

Is there a charge for paying my mortgage off early?

When you pay off your mortgage either to become mortgage free or to move to a different lender, there is likely to be a fee. Lenders usually charge a deeds release fee which can vary from £25 to over £200. Additionally if you are taking advantage of a special interest rate (e.g. a fixed rate) there is usually a penalty payable if you redeem the mortgage before the end of the fixed rate period, but this will vary from lender to lender. Contact us for more details.

Do I have to have life insurance to become eligible for a mortgage?

Life assurance is not a necessity when you take out a mortgage. However, it is an important consideration when you are taking on the commitment of a mortgage, especially if you have dependants. Our financial advisers can help you to find the right type of protection product for your needs.

What is APR?

APR stands for ‘Annual Percentage Rate’ and is the rate you actually pay for your loan. It allows you to compare the costs of different mortgages. The APR takes into account:

  • the interest rate 

  • any fees and charges, for example, the product fee 

  • when and how often you pay the interest charges

Contact us now

Call our mortgage advisers on 0800 107 0190 to find out which type of mortgage is right for you. Alternatively email us at

Your home may be repossessed if you do not keep up repayments on your mortgage.

Ecclesiastical Insurance Group plc (EIG) Reg No 1718196. Ecclesiastical Insurance Office plc (EIO) Reg No 24869. Ecclesiastical Life Ltd (ELL) Reg No 243111. Ecclesiastical Financial Advisory Services Ltd (EFAS) Reg No 2046087. Ecclesiastical Underwriting Management Ltd (EUML) Reg No 2368571. E.I.O. Trustees Ltd Reg No 941199. EdenTree Investment Management Ltd (EIM) Reg No 2519319. All companies are registered in England at Beaufort House, Brunswick Road, Gloucester GL1 1JZ. EIO and ELL are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Firm Reference Number 113848 (EIO) and 110318 (ELL). EFAS and EIM are authorised and regulated by the Financial Conduct Authority. Firm Reference Number 126123 (EFAS) and 527473 (EIM). EUML is an appointed representative of EIO who is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Firm Reference Number 402228.