Mortgages
Mortgages
Choosing a Mortgage
There are a large number of different mortgage options on the market - all suited to different lifestyles and circumstances. It can be confusing understanding all the features of the different products and knowing which one to choose.
You need to decide:
- Do you want a repayment or interest only mortgage?
- What type of interest rate calculation do you want?
- What other special features suit you?
- If you're looking at an interest only mortgage - what type of repayment vehicle suits you?
Mortgages in Gloucester
Repayment or interest only?
The key decision you have to make is between a repayment or interest only mortgage - you are either paying both the interest and a portion of the capital or only the interest on the money you have borrowed. It is also possible to set up the loan on a 'part repayment and part interest only' basis. A description of these methods is provided in the accompanying pages on the sidebar.
To make a truly informed decision, call us on 01452 729105 and arrange an appointment with an adviser.
Remortgage in Gloucester
When your mortgage deal comes to an end, you may want to shop around for a new product. This is known as a remortgage. We have written an overview about this in the accompanying pages on the sidebar.
To make a truly informed decision, call us on 01452 729105 and arrange an appointment with an adviser.
We do not charge a fee for advising upon or arranging a mortgage on your behalf. Instead we receive a commission payment (known as a procuration fee) from a mortgage lender for placing your business with them.
The Financial Services Authority does not regulate some forms of mortgages.
Please complete the enquiry form on our Contact Us page for help with your mortgage
Your home may be repossessed if you do not keep up repayments on your mortgage
Mortgage advising and arranging is covered for 100% of the first £30,000 and 90% of the next £20,000 so the maximum compensation is £48,000. Further information about compensation scheme arrangements is available from the FSCS.