Financial advice you can rely on
MORTGAGES
Getting the right mortgage
Experienced In Providing Excellent Mortgage Advice
For some borrowers, trying to find and select a suitable mortgage can be stressful and time consuming – no wonder moving home is apparently the most stressful undertaking most of us make in our lifetime.
Working with us means that you’ll benefit from our advice, backed by years of practical experience, to help select a mortgage product that sits in line with your objectives and attitude to risk.
Banks, building societies, and smaller niche lenders are all competing for your business, and they offer a variety of interest rate deals, associated fees and other enhancements to attract you. As financial advisers we can work with a panel of over 50 lenders, giving you the maximum benefit.
- Our mortgage service provides you with up to the minute lender rates from a panel of lenders, whether you are looking to mortgage your first home, re-mortgage your existing home, or want a mortgage for a second property. (Note: Some Buy to Let mortgages are not regulated by the Financial Conduct Authority.)
- Up to 95% lending is available - subject to status
- Decision in Principle in 15 minutes - subject to status
For a quick decision contact us now on 01738 628191 or alternatively complete our On-line Enquiry Form below.
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YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. |
Mortgage Options
The two most common methods of repaying a mortgage remain interest-only or capital and interest repayment.
Interest-Only Mortgage
With this type of mortgage you repay month-by-month only the interest due on the amount borrowed. The capital sum advanced will still be outstanding at the end of the agreed term. Therefore you will usually need to take out some kind of investment policy to run alongside the interest-only mortgage, which will hopefully save up enough money to repay the capital at the end of the term.
Mortgage endowment policies (which included a set amount of life cover) were popular for some time, but many failed to deliver the anticipated returns and customers recently have been considering Individual Savings Accounts (ISAs) or pensions, to build up the required capital sum while taking advantage of the tax breaks offered by these products in the interim.
The risks involved in not meeting the capital amount needed mean this type of product is not for everyone, but the monthly overheads are lower than a capital and interest repayment mortgage.
The value of investments and any income from them can fall as well as rise and you may not get back the original amount invested.
Capital and Interest Repayment Mortgage
Under the repayment method your monthly payments will be higher as they comprise both interest and an amount to cover the capital advanced, over the term of the mortgage agreed. With this option, the good news is that the amount of money you actually owe decreases over time.
This method ensures that the mortgage is repaid at the end of the agreed term, providing all payments are made on time and in full.
“We’d also like to thank you for your help and advice and for finding us a good deal on a mortgage, that suited our needs, when our own bank wouldn’t even touch us! We would highly recommend you to anyone that was looking for a mortgage.”
