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Mortgage Advice

What type of Mortgage?

Whether you're a first time buyer, remortgaging, moving up the housing ladder or buying a property to rent to others we can offer advice that is tailored to your needs and circumstances.

As a mortgage is secured against your home, it may be repossessed if you do not keep up repayments.

The value of property investments and income from them can go down as well as up and investors may not get back the amount originally invested.

Commercial buy to let mortgages are not regulated by the Financial Conduct Authority.




Residential Mortgages

A lot of home-owners buy a second home, which they make into their residential home. Standard residential mortgages are specifically for properties that home owners want as their residential home(s).




Remortgages

Many homeowners change their mortgage supplier because their fixed rate mortgage is coming to an end and by changing to another provider they may find that they can save money on their monthly payments.




Buy to Let Mortgages

Buy-to-let mortgages are specifically for properties that landlords let to tenants and are often more expensive than residential mortgages

Commercial buy to let mortgages are not regulated by the Financial Conduct Authority




Equity Release

You could be facing a pension shortfall or have to meet unexpected expenses or simply want to fund a retirement treat, equity release can be an attractive option. It allows you to tap into the wealth you've accumulated in your property without the stress of having to move.

This is a lifetime mortgage. To understand the features and risks, ask for a personalised illustration.




First Time Buyers

Buying your first home can be daunting. We can advise and make sure you're fully aware of any support that's available like any help to buy schemes




Flexible Mortgages

Flexible mortgages give you greater flexibility when compared to a normal mortgage. It will be the same as a “normal mortgage” with some extra flexible features bolted on. The features and how they work will differ between providers.




Self Build Mortgages

A self-build mortgage is a home loan taken out on a property which you are building yourself. The biggest difference between self-build mortgages and standard residential mortgages is that the funds are given to you in stages rather than as a single lump sum.




Current Account (or Offset) Mortgage

A current account mortgage (or offset mortgage) uses the balance in your everyday savings or cheque account to reduce what you owe on your mortgage on a daily basis.




How do I repay my Mortgage?

Mortgages should be straightforward - you borrow money to buy a house and pay interest on the loan. In a hugely competitive market, building societies and banks are continually updating and extending their range of mortgages.

The most important points are how you pay back the capital you borrow and how you pay the interest on it.

You can either pay the capital a little at a time as you go (repayment mortgage) or pay it all off at the end.




Paying back capital

Paying back the capital on your mortgage

You can either pay a little at a time as you go (repayment mortgage) or pay it all at the end (interest only).

Repayment

Repayment mortgages

Each monthly payment pays off a little of the underlying debt, as well as interest on the loan. At the end of the repayment term providing all payments have been made in full and on time the mortgage will be repaid in full.

Interest Only

Interest only mortgages

With this type of mortgage, you pay-off the interest on the loan but not the capital. Then at the end of the mortgage term it is your responsibility to repay the capital.

Variable fixed & capped rates

Variable, fixed and capped rates

Variable: paying the going rate on your loan, goes up and down with changes in interest rates. Fixed rate: The interest rate is fixed for the period agreed. Capped rate: These are fixed, but if rates fall you pay the lower rate.