There will be a fee for mortgage advice. The precise ammount will depend on your circumstances.
However, we estimate this will be £250.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Not all Buy to Let Mortgages are regulated by the Financial Services Authority.
The mortgage market may appear extremely complicated. However, the two main types of mortgage are - Repayment and Interest Only.
Details on how mortgage interest can be calculated are described on the Interest Rates page. If you require further information please contact us.
Every month the payment you make to the lender pays back some of the loan capital i.e. what you borrowed and some of the interest. That way, at the end of the mortgage term, the loan is fully repaid on the assumption that all payments due have been made.
Your monthly payment only pays the interest on the loan. You do not repay any of the loan capital i.e. what you borrowed until the end of the mortgage term. Payments to an investment product e.g. ISA, pension or endowment are usually used to repay the loan capital. However capital may be paid from other sources.