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Mortgages Explained

Read through our helpful guides to mortgages.

  • Changes to the Bank of England Base Rate

    Changes to The Bank of England Base Rate may affect your mortgage payment. Find out what types of mortgages will be affected by a rise or fall in the Base Rate.

  • Mortgages explained

    Top 5 things to consider when applying for a mortgage

    Meet Toby. He works in our Mortgage team. Toby is a really helpful chap and loves helping our borrowers with their mortgages.

  • Mortgages explained

    The Cost of a Mortgage

    When applying for a home loan you should bear in mind the other costs that may be payable. To assist you we have outlined the types of associated costs for which you may need to budget for. Charges applicable to various activities that you may request during the term of your mortgage are detailed under Tariff of Charges.

  • Mortgages explained

    Do credit scores affect your chances of securing a mortgage

    If you’re applying (or planning to apply) for a mortgage, then you might find some of the process confusing. Buying a house is a complicated process that can be affected by a number of different factors. If you are looking to buy a house using a mortgage then you should understand your credit score. Today, we’re going to take a look at how your credit score can affect your chances of obtaining a mortgage:

  • Mortgages explained

    The Valuation

    For the purpose of deciding how much can be advanced by way of loan on security of the property, the Society may have to have a Valuation Report prepared. A copy of the Report may be made available to you, for information only, if an Offer of Advance is made. It is important that you should understand the limitations of the Report.

  • Mortgages explained

    Home Insurance

    Insurance is an essential part of many aspects of our lives. Whether you're buying a home or safeguarding your family and your future, most people will at some point require insurance of one type or another.

    Ipswich Building Society has a competitive insurance policy offering different levels of cover to match your requirements.

  • Mortgages explained

    Paying by Direct Debit

    Direct Debit is a more convenient way to make your monthly mortgage payments to Ipswich Building Society. With Direct Debit there are no cheques to write, no routine paperwork or postage costs. There's also no need to worry about whether your payment has been received by us on time.

  • Mortgages explained

    Tips for home buyers

    We can all do with a helping hand when buying a new home. At Ipswich Building Society you can be assured of an excellent service, which provides you with all the information you need from our fully trained staff and an attractive range of mortgage loans, to match the needs of the first time buyer or homemover.

  • Mortgages explained

    Higher lending charge and mortgage indemnity

    The Higher Lending Charge provides mortgage indemnity which is insurance that the Society may take out for its own protection in case, at some future stage, you fall significantly behind with your mortgage payments and the Society has to repossess your property and sell it.

  • Mortgages explained

    Choosing your Mortgage

    We can all do with a helping hand when buying a new home. At Ipswich Building Society you can be assured of an excellent service, which provides you with all the information you need from our fully trained staff and an attractive range of mortgage loans, to match the needs of the first time buyer or homemover.

  • Mortgages explained

    Keeping in Touch

    In the early part of December borrowers will receive a full annual statement of their mortgage account showing all payments received and all charges made. 

  • Mortgages explained

    Mortgages Explained

     Taking out a mortgage is a big decision for anyone. Before you commit yourself, it’s important to make sure you understand the details of your agreement.

  • Mortgages explained

    Additional information on our mortgage packages

    Additional information applicable to all mortgage packages available from Ipswich Building Society.

  • Mortgages explained

    The Mortgage Process

    As soon as you are thinking of buying a new home, call us to find out what we can offer. We are happy to provide advice and recommendations to assist you with your financial decisions.

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