Capital and interest
This is the simplest type of mortgage. The payments you make to the lender every month pay off both the capital and the interest from the loan. Provided you keep up the payments, you are guaranteed to pay off the loan by the end of the term agreed (usually 25 years).
The lender calculates your monthly repayments depending on the amount borrowed, how long for, the interest rate & how the rate you have chosen is set.
Fee-Free Mortgage Advice*!
UNTIL FURTHER NOTICE OUR COMPANY WILL NOT BE CHARGING A MORTGAGE FEE, TO TAKE ADVANTAGE OF THIS OFFER, contact Andrea Riddell Mortgage Adviser on 01620822033
* For mortgage advice, we will not charge a fee, but will accept commission from the lender.
We usually charge of fee of £175 for mortgage advice. We will discuss this prior to completing any business with you.
For Lifetime Mortgages or Home Reversion Plans, we normally charge a fee of £250.
Your home may be repossessed if you do not keep up repayments on your mortgage.