You borrow a lump sum over a fixed period of time (usually 25 years, but it can be less). You pay the interest and some of the capital on a monthly basis to the lender.
ADVANTAGES: The only way you can be 100% certain the loan will be repaid (provided you keep up with the repayments.)
DISADVANTAGES:Only a small amount of capital is paid off in the early years.
Your home may be repossessed if you do not keep up repayments on your mortgage.
For mortgages you can choose how we are paid. We can either accept commission from the lender or, you can choose to pay on a fee basis. Should you choose to pay a fee we will usually charge £500. We can also arrange a combination of these options.
Repayment Mortgage
17/05/2008
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01604 497566
01604 497566
5 Point Financial Planning Ltd
Suite S4
Moulton Park
Northamptonshire
NN3 6AQ
Suite S4
Moulton Park
Northamptonshire
NN3 6AQ
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| 5 Point Financial Planning Ltd is An Appointed Representative of Sesame Ltd., which is authorised and regulated by the Financial Services Authority Sesame Ltd is entered on the FSA register (www.fsa.gov.uk/register/) under reference 150427 |
| The FSA do not regulate National savings products and some forms of mortgage and tax planning. The advice and / or guidance contained within this site is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK. |