Mortgages - The Basics
Mortgages are the largest single transaction in most people's lives. Buying a property can be a stressful and time consuming experience, although nowadays the financing of a mortgage is a case of finding and selecting the most suitable deal, rather than simply accepting a lender's offer.
Hundreds of banks, building societies, and smaller niche lenders compete for your business, all offering a variety of interest rate deals, associated fees and other enhancements to attract borrowers.
There remains two main methods of repaying a mortgage loan, and it is possible to set up the loan on a ‘part repayment and part interest only' basis. A description of these methods is provided on the links on the left.
Download the MoneyMadeClear Guide on Mortgages
This guide is produced by the Consumer Financial Education Body and provides guidance on different types of mortgages available.
Mortgages Guide.pdf
Adobe Acrobat document [1.1 MB]
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
The Financial Services Authority does not regulate some forms of mortgages.
There may be a fee for Mortgage advice. The precise amount will depend upon your circumstances but we estimate that it will be £295
A typical fee for Mortgage advice is 0.5% of the Mortgage amount
As we are independent you have the choice whether to pay a fee for the mortgage advice we provide.
Financial Solutions Wales Ltd. is authorised and regulated by the Financial Services Authority.
Registered in England and Wales No. 5390216. Registered Office: First Floor, 2-4 Station Road, Llanelli, Carmarthenshire. SA15 1AB
FSA Firm Number: 445938
Financial Solutions Wales Insurance LLP is an appointed representative of Financial Solutions Wales Ltd. which is authorised and regulated by the Financial Services Authority.
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