Mortgages

 

At any one time there may be hundreds of different mortgage options, only some of which will meet your needs.

While spending your lunchtimes and Saturdays walking from one bank or building society to another will normally get you a mortgage, a mortgage adviser may well be able to get you better terms.

A Mortgage Adviser will use powerful computer databases to sort through the whole range of mortgages and identify the best ones for your current circumstances.

That done, a mortgage adviser will also oversee the process of actually completing on the mortgage, ensuring that all the parties (lawyers, lender, yourself) etc have all the right documentation at the right time. This is an essential part of the service, as all too often communication breakdowns lead to otherwise unnecessary delays and complications, and their role is to ensure that all progresses as smoothly as possible.

If you are just starting to look for property and are unsure as to how much you can borrow, if you want to know what sort of terms might be available then a mortgage adviser can give guidance on this so that you don’t waste time pursuing unsuitable properties.

The elements of a mortgage

Mortgages comprise various elements, the main ones being outlined below:-

  • Interest rate choice
  • Interest rate options
  • The early repayment charges
  • The higher lending charge
  • The repayment of capital
  • Insurance
  • Equity release

A mortgage adviser will be pleased to explain these elements in more detail, and how they affect your specific needs and requirements. Written quotations are available on request.

Your home may be repossessed if you do not keep up repayments on your mortgage.

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