Mortgages
Repayment Methods
Repayment
A Repayment Mortgage is structured so that the monthly mortgage payments, comprising partly of capital and partly of interest, pay off the original amount borrowed as well as the interest that would be accrued over the mortgage term, by the end of the term.
Interest only
The original loan amount remains the same for the term of the loan. Therefore a suitable investment is required to run in conjunction with the mortgage in order to repay the loan balance at the end of the term. The most common investments used for this purpose include Pension, Endowment and ISA.
Mortgage Advice
Choosing a mortgage is probably the biggest financial decision you will make and with thousands of mortgages to choose from it can seem like an impossible maze to find your way through.
There are many different types of mortgages and there will be one out there that best suits your requirements. If you’re going to make the most of your mortgage, you need to minimise the amount of interest that you pay.
Whether you are a first time buyer or you wish to re mortgage, our FSA regulated advisors will compare the whole UK market to find you a mortgage that suits your own individual requirements.
