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 & how the rate you have chosen is set.
Our standard charge for arranging a mortgage is £199. Alternatively you could pay a fee of £399 and we will refund any commission from the lender. In many cases we do not charge a fee for advice and arrangement.
If a fee is to be charged then we will fully disclose and discuss this with you from the outset.
Your home may be repossessed if you do not keep up repayments on your mortgage.