Mortgages for your own individual requirements

A mortgage is a sum of money borrowed from a bank or building society in order to purchase a property. The money is then paid back to the lender over a fixed period of time together with accrued interest. 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 you pay.

We can find a mortgage product to suit your own individual requirements. Whether you are a first time buyer or wish to remortgage, we will endeavour to recommend a product to suit your needs. A mortgage is potentially the largest financial commitment of your life and, therefore, every enquiry is treated with the respect that it deserves.

Repayment Methods

There are basically two major types of mortgage repayment methods available in today’s market.

Repayment Mortgage

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 Mortgage

So called due to the fact that you only pay interest to the lender each month. The original loan amount remains the same for the term of the loan. Therefore a suitable investment is required to run in conjunction with 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.

Please contact Tony Rossborough if you are looking for the following:

• Remortgages
• First Time Buyers
• Buy To Let
• Home Mover

We can help with the following Mortgage types, please contact Tony Rossborough

• Capped Mortgages
• Discounted Mortgages
• Fixed Rate Mortgages
• Flexible Mortgages
• Offset Mortgages
• Current Account Mortgages
• Standard Variable
• Tracker Mortgages