Mortgages

A mortgage is used for house or property purchase. A loan is given against the security of the property and interest is payable until the loan is repaid. Mortgages can be interest only or repayment. An interest only mortgage relies on a repayment from an ISA, endowment or pension and interest is paid on the full amount of the loan until repayment. With a repayment mortgage, the monthly payments are part interest, part repayment of capital.

We provide mortgage and re-mortgage advice. Installed into our office we have a computer based mortgage information service, which covers the whole of the marketplace - building societies, banks, mortgage corporations and insurance companies. This is of considerable advantage to you, letting you choose from the many hundreds of mortgages in the marketplace. Also within the same system we may be able to arrange a remortgage, whereby you can change your lender to a more suitable lender with potentially improved rates.

Mortgage providers will normally require that building insurance is in place and it is advisable to consider some form of life, critical illness and income protection cover.

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