Current account mortgage information
Tailored rates with firstmortgage.co.uk
Find free and impartial current account mortgage information with First Mortgage - the impartial broker you can bank on.
We scour the whole of the market for the best deals and offer an information service to help you find the right offer. Call us now on 0845 603 1525 for an immediate quote.
What is a current account mortgage?
The way this type of deal works is by combining all of your mortgage, debts and income into one single account. Your savings are then offset against your total debt. One of the biggest advantages of current account deals is that they offer a large degree of flexibility. You can overpay or underpay each month depending on how much you pay into your account. All that matters is that you pay off the full amount by the end of the term. You can either pay this off gradually, or at the end of the mortgage using funds you have acquired through investments.
More current account mortgage information...
Before you take out a mortgage deal, it’s worth considering the following other pieces of current account mortgage information:
Because your debts are included in the current account the interest charged will usually be less than with such borrowings as credit or store cards.
You need to pay off this debt at the same rate as you would have originally, or the interest benefit will be reduced.
The lender will usually require that you pay your monthly salary directly into the CAM
There are also tax advantages to this type of deal
Find current account mortgage information
Call us on 0845 603 1525 for a free consultation with one of our friendly and experienced team. We are happy to discuss your situation and help choose the best option for you.
Get quotes prepared fast and easy from our award winning brokers starting, with our smart online form. Quote request
- Our whole of market service provides an unbeatable choice of mortgage lender.
- We have negotiated many ‘Exclusive’ market leading deals for our clients only.
- Your own dedicated mortgage advisor manages your application from start to finish.
- We do all the paperwork and work with lenders to ensure everything goes smoothly.
- Our mortgage advisors are expert in every type of money saving remortgage.
- Branches throughout Scotland
- Specialist help for first time buyers and homemovers with Property Law Centre
- Scotland’s longest established mortgage advisors
First Mortgage, the UK’s specialists in sourcing mortgages, remortgages and protection plans, are actively encouraging clients in Scotland (...)
Find out more
Don’t just take our word for it....
Read our testimonials to find out what our clients think of us!
A first class service and will recommend them to all my friends - E Klimek
Thank you so much for guiding me through all stages with expertise, you filled me with so much confidence - D More
My advisor and branch manager made the home buying process a joy! - S Tilston
We received the best dealings we have ever had from first mortgage - I MacDonald
Read more