Information Guide to UK Mortgages

What is a Mortgage?
A Mortgage is a long term loan offered to borrowers to enable them to buy their own home. Mortgages are offered by many companies, banks, building societies etc. The Lender holds claim to the property until the debt is repaid. A Mortgage is bound by written agreement and is probably the largest debt that you will ever take on.
Your home is used as collateral for the loan, so if you fail to make repayments the lender can take procession of your home and resell it to cover the debt.

There are many different terms that a Mortgage can span, it can be repaid over anything from 10 to 30 years. Before entering into a mortgage shop around as there are many different offers. You should consider the current interest rates, will you be able to make the monthly repayments that the mortgage entails. Be sure before you sign any agreement
You can find out how much you borrow before you look for a house. Your income will be taken into consideration.
Within your monthly instalments you will also be paying interest, and insurance.

There are hundreds of mortgage options out their and you should look into each one in depth before you commit yourself to a long term debt:

Once you have decided which mortgage is suited to your financial situation, you should shop around getting different quotes from a number of different mortgage providers. Adverse Monkey searches for the best deals saving you time surfing the net.  Remember you should always read the small print and not feel pressurized to sign anything before you actually understand it.
You should understand any Penalties or any kind of restriction that comes with your mortgage before you agree to the mortgage terms.