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Frequently Asked Questions
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Frequently Asked Questions

Welcome to Mortgage Meadow FAQ section. You can browse this area by topic using the links on the left hand side. Here you will find the answers to the most common questions regarding mortgages, insurance, life asurance policies and many other issues related to our work and this website. You can also click on the links below to go to the relevant page.

What is life assurance?

Do I pay tax if I make a claim from a life assurance or critical illness policy?

Can more than 1 person be covered?

What happens if I do not make a claim by the end of the life assurance or critical illness policy term?

What happens if I do not make a claim under my Life assurance or critical illness policy?

Why is my first mortgage payment higher than the usual monthly instalemt?

How is interest calculated on my mortgage?

What is stamp duty?

I have had credit problems in the past can I obtain a mortgage?

What is APR?

What do I need to supply with my mortgage application?

What is a payment holiday?

What do I need to supply with a mortgage application?

Can I get the same deal direct from the lender?

What is the bank of England base rate?

What is a house price index?

What is negative equity?

What are early repayment charges?

What is LIBOR?

How long can I arrange the mortgage term over?

Can I have 2 residential mortgages?

I am in a probationary period can I still obtain a mortgage?

I am self employed and my income has reduced can I still obtain a mortgage?

I am in the UK on a visa can I obtain a mortgage?

My mortgage is portable, what does this mean?

What happens at the end of my mortgage deal?

What is the difference between a Standing order and a Direct debit?

How long can I have a mortgage over?

What is bridging finance?

Do I need to have building insurance?

What does contents insurance cover?

What is the sum insured figure?

How are insurance premiums worked out?

How much contents cover should I have?

I have high value belongings – will this be covered?

What is critical illness?

Do I have to have to take insurance through the lender?



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