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Choosing a mortgage is probably the biggest financial decision you will make. However with many lenders, and thousands of mortgages to choose from, it can seem like an impossible maze to find your way through.
Whether you are a first time buyer, wish to remortgage, purchase a property to live in or to rent out, Embronix will endeavour to recommend a product to suit your individual needs. A mortgage is potentially the largest financial commitment of your life, which is why every enquiry is treated with the respect that it deserves.
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 pay off the original amount borrowed, as well as the interest accrued, by the end of the term.
Interest only : only the interest is paid to the lender each month; the original loan amount remains the same for the term of the loan. A suitable investment is therefore 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.
I do not charge fees for mortgage advice. Alternatively, you could choose to pay a fee and I will rebate any commission received from the lender back to you.The amount charged will depend on your circumstances but an estimate would be 0.40% of the loan amount which on a £100,000 mortgage would be approximately £400.
Please CONTACT ME if you are looking for any of the following: -
- Remortgages
- First time buyers
- Buy to let
- New Purchases