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Mortgages
Choosing a mortgage is probably the biggest financial decision you will make. However with thousands of mortgages to choose from it can seem like an impossible maze to find your way through.
A mortgage is a sum of money borrowed from a bank or building society in order to purchase a property. The money is then paid back to the Lender over a fixed period of time together with accrued interest. There are many different types of mortgages and there will be one out there that best suits your requirements. If you’re going to make the most of your mortgage, you need to minimise the amount of interest that you pay.
We can find a mortgage product to suit your own individual requirements. Whether you are a first time buyer, wish to remortgage, we will endeavour to recommend a product to suit your needs. A mortgage is potentially the largest financial commitment of your life and, therefore, every enquiry is treated with the respect that it deserves.
Repayment Methods;
There are basically two major types of mortgage repayment methods available in today's market:
Repayment - A Repayment Mortgage is structured so that the monthly mortgage payments, comprising partly of capital and partly of interest, pay off the original amount borrowed as well as the interest that would be accrued over the mortgage term, by the end of the term.
Interest only - So called due to the fact that you only pay interest to the lender each month. The original loan amount remains the same for the term of the loan. Therefore a suitable investment is required to run in conjunction with the mortgage in order to repay the loan balance at the end of the term. The most common investments used for this purpose include Pension, Endowment and ISA.
Please contact us if you are looking for the following:-
- Remortgages
- First Time Buyers
- Buy to Let
We can help with the following Mortgage types :– Capped Mortgages, Discounted Mortgages, Fixed Rate Mortgages, Flexible Mortgages, Offset Mortgages, Current Account Mortgages, Standard Variable, Tracker Mortgages
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
H D Consultants is an appointed representative of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Services Authority.
We normally charge a fee for mortgage advice, however this will be dependent on your circumstances. Our typical fee is £500.00
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