Need cash and you are out of idea? Well, people resort to mortgaging their property at times. It is safer, since you just mortgage your property and not selling it off, enabling you to actually retain the ownership back.

Traditionally mortgage lenders would expect a deposit of at least 10% before offering reasonable mortgage terms in return. Usually a bank or mortgage agent is the best and safe way for you to do dealings, if not you might end up getting cheated. hehehe!

So you better study first before making the deal. First Time Buyer Mortgages guide provides a good insight into this industry, so guys, do read and get a good understanding first.
Also, you may want to read latest news on mortgage at http://www.earth.co.uk/news.htm