Which is the best type of mortgage for me?

You will need to consider carefully whether or not a Capital Repayment mortgage is the best option for you. This type of loan is the most popular type of loan that guarantees to repay the loan at the end of the term. Other types of loans do not give this same guarantee but may still be appropriate in certain circumstances. We will help you consider your options and clearly explain the pros and cons of the various types of loan.

Should I have fixed or variable rate of interest on my mortgage?

There are many different types of interest rates that can be charged and there is no right answer as to which is the best. It will depend on your own individual circumstances, your budgets, how your income will change over time and what gives you peace of mind.

Our advisers can guide you through alternatives and explain the implications and what they will mean for you.

How much deposit do I need?

Today, the amount of deposit that you can provide will effect the rate of interest that the lender will charge; the higher the deposit, the lower the rate they will charge on the loan.

You may be able to find special deals offered by large builders selling new homes who offer to help with deposits. Additionally there are various Government backed schemes known as Help to Buy arrangements which can increase the size of the deposit. However even with these schemes you will still need to have at least a 5 % deposit plus extra to cover the initial costs of buying your home

Our advisors can go through these costs with you so that you are clear about exactly what buying your own home will cost and when you will need to produce these monies.

Please remember that a mortgage is a massive financial commitment and you should thoroughly understand exactly what you are doing before entering into such an arrangement. Please also remember that your home is at risk if you do not keep up repayments on any loans secured upon the property.

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Please remember that the value of your investment can go down as well as up and you may get back less than you have invested. The Financial Conduct Authority does not regulate taxation advice. Equity release: This is a Lifetime Mortgage. To understand the features and risks, please ask for a personalised illustration. There may be a fee for equity release advice. The precise amount of the fee will depend upon your circumstances.

Executive Advisory Services Ltd
67 Lower Road . Cookham . Maidenhead . Berkshire . SL6 9HF
Telephone: +44 (0)1628 532320 . Click here to email us