Mortgages 2017-11-23T10:06:24+00:00


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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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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  • We have been providing advice to our clients since 2002

  • We have a fabulous support team ready and willing to help you

What Client’s Say

Pat was very professional, helpful and patient from start to finish, answered all my questions and made sure I understood everything before signing the papers regarding the remortgage. He was searching for the different insurance quotes for me until the most suitable one was found, and once again made sure I was happy with everything before submitting the final application.

Olga Pissareva, Mortgage Client

I found Patrick Ambrose to be one of the best financial/mortgage advisers I have ever met, and I have met a few.

From the initial consultation to the completion of buying our new property, Pat has been really excellent and supportive, not just on the products he has shown us but being able to speak to about any questions we had throughout the whole process. He also helped us get the best policy not only on our mortgage, but also on our life insurance.

I would highly recommend Pat to anyone needing financial advice, or who is buying a home as his service is second to none.

Ray Inskip, Mortgage and Protection Client

I was passed Patrick’s details through a very good friend of mine for his help with a remortgage and life insurance policies to suit. Patrick is very knowledgeable in his field, always up front with details of how he can help and on the phone or email keeping you up to date with any progress. The process from my first meeting with Patrick to completion was smooth and uneventful which was great. Patrick comes highly recommended and we would not hesitate to use him again or pass his details on to anyone that requires mortgage or insurance help.

Gary Gooding, Mortgage and Protection Client