IFA Hemel Hempstead, Hertfordshire ~ Financial Adviser Hemel, Herts ~ Financial Planning St Albans ~ Financial Advice Watford
Pensions Advice Hemel Hempstead, Herts ~ mortgage advisers St Albans & Watford

Repayment

How does it work?

You borrow a lump sum over a fixed period of time (usually 25 years but can be shorter or longer). You pay the interest and some of the capital on a monthly basis to the lender.

ADVANTAGES:

  1. Some flexibility with repayments.
  2. The only way you can be 100% certain the loan will be repaid, providing repayments are maintained.

DISADVANTAGES:

  1. Monthly mortgage payments may be slightly higher than interest only mortgages covered by an investment/life assurance to repay the capital.
  2. Only a small amount of capital is paid off in the early years as the monthly mortgage payment consists of a higher proportion of interest to capital repayment.

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


Mortgage & Equity Release
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Sterling Independent Advisers LLP is authorised and regulated by the Financial Services Authority (FSA). Sterling Independent Advisers LLP is entered on the FSA register (www.fsa.gov.uk/register/) under reference 469508.

The FSA do not regulate National Savings products, loans, will writing, and some forms of mortgage, offshore funds and inheritance 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.

Company address: Sterling Independent Advisers LLP - Swan Court, Waterhouse Street, Hemel Hempstead, Hertfordshire, HP1 1DS
T: 01442 233210
F: 08714 290046

Email: advice@sterling-ind.com

Registration details: Registration address as company address
Registration number: OC328827
Registered in: England & Wales