Mortgages

/Mortgages
Mortgages2018-11-09T10:47:43+00:00

MORTGAGES

A mortgage is a loan you take out to buy property. Most banks and building societies offer mortgages, as well as specialist mortgage lending companies. If you change lenders but don’t move home it’s referred to as a ‘remortgage’.

The two main ways to repay your mortgage are ‘repayment’ and ‘interest only’. With a repayment mortgage you make monthly repayments for an agreed period (the ‘term’) until you’ve paid back the loan and the interest.

With an interest only mortgage you make monthly repayments for an agreed period but these will only cover the interest on your loan (endowment mortgages work in this way). You’ll normally also have to pay into another savings or investment plan that’ll hopefully pay off the loan at the end of the term.

You’ll also find a range of interest rates to choose from. For example, ‘variable’ and ‘tracker’ rates change in line with Bank of England rates, ‘fixed’ rates are fixed for a set number of years, and ‘capped’ rates have a variable interest rate with a ceiling so your payments won’t go above a set amount.

It is important to consider taking our life insurance to pay off your mortgage should you die. You can also get insurance to protect your income or just your mortgage payments if you become ill or disabled, or lose your job.

Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The precise amount will depend upon your circumstances but we estimate it will be 0.3% of your loan amount, which can be offset by any commission we receive.

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Mortgages

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We Specialise In
Lending

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  • Remortgage
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We Specialise In Retirement Planning

  • Building Your Fund
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We Specialise In Investments

  • Risk Profiling
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Our aim is to make your life easier

As Independent Financial Advisers (IFAs) we provide impartial, unrestricted advice that considers every option on the market, so we are free from bias and able to work in your best interests.

We are are directly authorised and regulated by the Financial Conduct Authority, and we provide advice most suited to your personal requirements. We aim to make all this easier for you.

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  • We are Independent, we work for you

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