Mortgages

Welcome to our one stop mortgage shop...........We are independent advisors.......We offer choice from a range of mortgage providers.........Residential & Commercial at the keenest rates......

 

 

We deal with the leading mortgage providers and can offer you the most up to date mortgage rates & information.  

There are 3 types of mortgages available: 

 

 

1

Repayment Mortgage *

With a repayment mortgage, or as it is sometimes called, an annuity mortgage, repayments are made to cover both the interest element of the mortgage and the mortgage itself. The amount of the mortgage progressively reduces, and by the end of the term both the mortgage and the interest are completely paid off.

 

 

 

 

 

2

Endowment Mortgage *

With an endowment mortgage, repayments are made to cover the interest element of the mortgage. At the same time, separate payments are made into an endowment policy and may be large enough, not only to pay off the mortgage, but also may leave you with a surplus.

 

* It is possible to combine both the Repayment and Endowment alternatives. Please talk to us to discuss your options.

 

3

Pension Mortgage

With a pension mortgage, repayments are made to cover the interest element of the mortgage. At the same time, separate payments are made to a personal pension plan. At the end of the mortgage term, the proceeds of the pension plan pay off the mortgage. The surplus provides you with retirement benefits.

 

 

 

 

 

1

Variable Rate

With a variable rate, your monthly repayments may rise or fall from time to time, in line with general market interest rates. If rates fall, your monthly repayment reduces, and if rates rise, your monthly repayment increases.

 

 

Choose the repayment option which is best for you

Choosing the rate at which you repay your mortgage is also made easy for you, with three straightforward alternatives.

 

2

Fixed Rate

With a fixed rate, the interest you pay is fixed for a pre-determined term, for example, 1,2,3,4 or 5 years. This makes it easier for you to budget because you know exactly how much you will pay each month for some time ahead. The fixed rate is not affected by changes in general market interest rates. At the end of the fixed term you can either agree another fixed rate for a set term, or change to the prevailing variable rate.

 

 

 

 

3

Split Rate

You can also enjoy the best of both worlds because it allows you to repay part of your mortgage at a fixed rate and the rest at a variable rate. If rates fall, you will pay less each month on the variable portion of your mortgage. If rates rise, you have the security of knowing that only the variable portion of your mortgage will increase.

 

                                               

 

Mortgage Payment Calculator
Instructions: Do not use pound signs or place commas in your pound amounts (e.g. Enter £100,000 as 100000). Do not use a percentage sign % with your interest rate entry (e.g. Enter 8.5)

Number of Payments (e.g. 30 years = 360):
5 yr = 60, 10 yr = 120, 15 yr = 180, 25 yr = 300

Interest Rate:

Loan Amount:

 



Amount of your monthly payment:

For further information on mortgages, savings and investments why not email us for a FREE no obligation quotation.  Or phone us at (046)72873.

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