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1. Our lending guidelines
Your home may be repossessed if you do not keep up repayments on your mortgage.
Egg's Standard Variable Rate is currently 6.79% for the term of the mortgage. The overall cost for comparison is 7.0% APR.
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Security
Egg requires a first charge on the property as security for the loan.
Insurance
Egg requires the property to have adequate buildings insurance.
We strongly recommend that you arrange life assurance so that your mortgage can be paid off in the event of your death during the mortgage term. Egg however does not recommend what type of cover is suitable for your needs.
2. Financial difficulties
If your circumstances change, and you are having difficulties making your mortgage repayments, or making payments on an investment which you'll use to repay your mortgage, talk to us as soon as possible.
It's in everyone's interests to find a way to overcome your problems - the sooner you talk to us, the easier it will be for us to find a solution together which looks after your interests and ours.
If you get independent financial advice, we'll work with you and your adviser to solve the problem.
We will only apply to take possession of your property as a last resort, if our attempts to find another solution have been unsuccessful.
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