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Compare the market for Mortgages

Mortgages come in different types and variations (different ways to pay the interest, for example). There are just 2 main types of mortgage, 'Repayment' and 'Interest' though these come a number of Variations. Keep it simple and start by leaning the basics. Tip: when choosing a morgage, write down all the mortgages available to you, then elimate each one you don't like to help you find the the mortgage you like the most.

Repayment motgages (also known as capital mortgages) are the traditional motgages where the house you are buying is certain to be yours at the end of the term, as long as the loan has been repaid.

Current Accounts
A current account is perfect for regular use, keep in mind the payments and spending behaviour of  current accounts does effect future credit scoring. There are many providers of current accounts who are typically high street brands, banks and building societies. Each provider offers different types of current accounts. The key things to consider when choosing a current account are:

• Is it free if I am in credit?
• What is my interest rate (AER)?
• Will I be charged interest for an authorised overdraft?
• Will I be charged a fee for using an overdraft?
• Do they offer internet or telephone banking?

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Compare the market for Loans

There are two key types of loans, secured loan and unsecured personal loan. Personal unsecured loans can also be named more specifically e.g. a car loan. A secure loan is where your property is used as security against the loan. An unsecured loan is based on a credit scoring.

For secure loans, kittycompare recommends Loanspage.co.uk

ISAs and Savings

Under HM Revenue and Customs an indivual can save us much as £7,200 every tax year and not pay tax on that investment using an ISA (Individual Savings Account).