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 and how the rate you have chosen is set.
Our Fees
Generally we do not charge a fee.
We will only charge a fee if we recommed a direct to lender mortgage product. The maximum fee we will charge is £395, typically the fee will be £295 but the exact amount will be discussed and agreed at our initial meeting and confirmed in a separate fee agreement.
Your home may be repossessed if you do not keep up repayments on your mortgage.