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Mortgage Brokers In Burnley




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If you would like advice or quotations on any financial or mortgage matter, you can arrange a home visit appointment at a time that suits you. Contact us today.

 

Choosing a mortgage is probably the biggest financial decision you will make. However with thousands of mortgages to choose from it can seem like an impossible maze to find your way through.

A mortgage is a sum of money borrowed from a bank or building society in order to purchase a property. The money is then paid back to the Lender over a fixed period of time together with accrued interest. There are many different types of mortgages and there will be one out there that best suits your requirements. If you're going to make the most of your mortgage, you need to minimise the amount of interest that you pay.

We can find a mortgage product to suit your own individual requirements. Whether you are a first time buyer, wish to remortgage your existing house or are buying a new home, we will endeavour to recommend a product to suit your needs. A mortgage is potentially the largest financial commitment of your life and, therefore, every enquiry is treated with the respect that it deserves.


Repayment Methods:
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, comprising partly of capital and partly of interest, pay off the original amount borrowed as well as the interest that would be accrued over the mortgage term, by the end of the term.

Interest only:
So called due to the fact that you only pay interest to the lender each month. The original loan amount remains the same for the term of the loan.
Therefore a suitable investment is 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.

We can help with the most types of mortgages, so contact us and we will get in touch to assess which type of mortgage is right for you.

As well as helping with mortgages, we can also advise you on a range of other loans too. Contact us and we can help you find the right loan for you.

We do not normally charge a fee for mortgage advice, however this will be dependent on your circumstances. If a fee is charged a fee of £100 for arranging the mortgage payable on application and 0.5% when you apply for a mortgage payable when a mortgage offer has been obtained, this is payable on completion or expiry of the mortgage offer whichever is the sooner. For example, if you take out a loan of £100,000 you will pay £100 plus £500 (0.5% x £100,000) = £600.

The Financial Conduct Authority does not regulate secured/unsecured loans

Wheatley Financial Services is authorised and regulated by the Financial Conduct Authority

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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