We have access to thousands of mortgage products, from high street to specialist lenders, and will advise on what options are available to you. These mortgages include repayment, interest-only, offset and buy-to-let. We can give you reviews on your current borrowing, in order to offer recommendations and improvements for the future.
Types of mortgages
- A repayment mortgage (also known as a capital and interest mortgage) is the most popular type of loan which is widely available. This involves making monthly repayments for an agreed period of time until you have paid back the loan in full
- An interest-only mortgage is a loan where you only repay the interest due on the amount borrowed each month. With this mortgage, as with the repayment mortgage, you can fix the interest over a period of time or select a variable rate. You should note that on an interest-only mortgage, the full loan would be repayable at the end of the term and you should ensure that you have funds available or the property will need to be sold.
- An offset mortgage will help you save money on interest. Offset mortgages are linked to your savings accounts, and therefore reduce the amount of interest you are charged on the loan.
- A buy-to-let mortgage is obligatory against a property you are renting out.
Your property may be repossessed if you do not keep up repayments on your mortgage. Think carefully before securing other debts against your property.