Mortgages

For the vast majority of people a mortgage is required to assist in the purchase or remortgage of a property. A mortgage is simply a loan secured on a property and there are two main ways to repay the loan either repayment or interest only.  

With a repayment mortgage your monthly payments are made up of both capital and interest so over a fixed period the mortgage is paid back.

With an interest only mortgage your monthly payments only cover the interest on the loan. Typically a form of savings or investment plan will have to be set up to repay the mortgage at the end of the term.

There are a number of interest rates to choose from for example variable, capped or fixed. Some of these rates will have additional charges such as a booking or arrangement fee or an early repayment charge. Some products may also apply a higher lending charge.

The mortgage market is wide and varied with lenders offering different products and services. This can make selecting the right mortgage a daunting experience.

Whether you wish to purchase your dream house, remortgage an existing property or look into buy to let properties our experienced mortgage advisers have an in depth knowledge of the market place giving you the peace of mind that you deserve.

To find out more and to discuss your options please contact us and we will be happy to discuss your circumstances and recommend the best route for you.

Your home may be repossessed if you do not keep up repayments on your mortgage