Repayment (Capital & Interest) Mortgages

Under a repayment mortgage your monthly repayments consist of both interest and capital hence, over time, the amount of money you actually owe will decrease. In the early years your repayments will be mainly interest and therefore the capital outstanding will reduce slowly in the early years.

 

Whilst this method ensures that the loan is repaid at the end of the term providing all payments are made on time and in full, it is generally more expensive at the start.


 

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.