Frequently Asked Questions.

We're a team of specialists. We only focus on two things. Finding you the mortgage that works best for you, we also make sure that you and your property have the right protective cover. It's all we do, and we do it well.

A mortgage, put simply, is a large loan that is secured against a property. The mortgage provider will lend you money up to the value of the property, generally in order to allow you to purchase the property outright, though mortgages are often taken out on properties that are already owned in order to raise capital for a variety of purposes.

You then pay back the mortgage over time, in a manner that will depend on the specific mortgage product taken out.

Mortgages can be split into two types according to how the monthly repayments are formed:

· Repayment Mortgages

· Interest only Mortgages

Once you have decided on your repayment type, there are different products available and your Adviser will help you to decide which one is best for you: Tracker, Fixed Rate, and Variable are the most common products to choose from.

The world of mortgages is broad and complex but there are a few things you can do to try and ensure that you get the best deals you have available to you.

Firstly you want to do as much as you can to clear up your credit rating. If you do have a poor credit rating, then it’s not something you can sort out or improve overnight, but if you do have time on your hands, then taking out a credit building credit card and using it for a while will help you.

Typically, mortgages last around 20 years, but in reality this can change according to a whole variety of factors. When you set up your mortgage you will have decided the term (i.e. the length of the mortgage) according to your repayment plan.

Yes, the typical mortgage that most people take out on their property is known as a residential mortgage.

If you wish to let out a property then you can take out a specialised buy-to-let mortgage. Buy-to-let mortgages tend to be interest only, with a repayment plan worked out based on the potential rental income of the property in question.

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