Independent financial adviser - pensions -investment - protection - mortgages - Brighton - Worthing - Lewes
 

 

Mortgages

A mortgage is potentially the biggest financial commitment most of us are likely to undertake - We are an independent mortgage advisor, which means we are not restricted to any lender so we can access the whole of the market.

Whether you're a first time buyer, moving home, or remortgaging, one of our independent mortgage advisers will aim to find the best mortgage for you.

In this post credit crunch era, lenders criteria vary enormously - where one lender may say no, another lender would lend. This is the reason why it is more important than ever to obtain the right advice.
 

 

 


Examples of Mortgages available

Repayment mortgages - Each monthly payment pays off a little of the original debt, as well as interest on the loan. At the end of the term the mortgage is cleared.

Interest only mortgages - With this type of mortgage, you pay-off the interest on the loan but not the capital. At the end of the mortgage term you are expected to repay the capital.

Endowment mortgages - You use an endowment policy to provide life insurance and save funds to repay the loan at the end of the term (usually 20-25 years).

Variable rates - The mortgage rate changes every time interest rates change or, in most cases, the overall effect of any interest rate changes is calculated once a year and payments are altered accordingly. Whatever kind of mortgage you start with, it is likely to change to variable rates at some point.

Fixed rates - The interest rate is fixed for the period agreed - often two to five years. These are ideal for budgeting or if you think rates might increase. You do not benefit if rates fall, and will face penalties if you try to move to another provider.

Remortgage - A remortgage is exactly what it says; it is basically repeating the mortgage process and obtaining a new mortgage. It is not an additional mortgage on the property that is added to the original mortgage. A remortgage involves obtaining a loan to pay off the debt on the first mortgage leaving a new "remortgage" as the loan on the property.

Buy-to-let mortgage - (also known as an investment mortgage) is designed for borrowers who want to let their property out to a third party (i.e. tenants).

Call or email us now for more information on how we can help you.
+44 (0)1273 477737 info@if23.co.uk

 


Your home may be repossessed if you do not keep up repayments on your mortgage.

Imperial Finance 23 Ltd is authorised and regulated by the Financial Services Authority. We are on the FSA Register No 497616 at http://www.fsa.gov.uk/register/home.do The Financial Services Authority does not regulate some aspects of commercial and buy to let mortgages.

 
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