The APR represents the total cost of credit and takes into account all the added costs such as valuation fees, lender's conveyancing charges etc which are not included in the nominal rate of interest. Until April 2000 it was possible for different organisations to calculate APRs in various ways. The government has now standardised the practice of calculation so that the APR reflects the cost of borrowing over the total term of the loan and inclusive of any concessionary rates that may be applicable in the early stages.
So, why use a mortgage broker?
Because we will help you save your time, your effort and your money!
Flexible-Finance.COM is an Appointed Representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.
The Mortgage information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK. * Some of these products and services are not regulated by the Financial Services Authority
The Mortgage information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK. * Some of these products and services are not regulated by the Financial Services Authority
No comments:
Post a Comment