Phone:01257 233023 | info@annewray.org
Repayment
How does it work?
You borrow a lump sum over a fixed period of time (usually 25 years but can be shorter). You pay the interest and some of the capital on a monthly basis to the lender.
ADVANTAGES:
- Some flexibility with repayments.
- The only way you can be 100% certain the loan will be repaid.
DISADVANTAGES:
- Can be slightly more expensive than endowment mortgages.
- Only a small amount of capital is paid off in the early years.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
For mortgage advice you can choose how we are paid:
For example, you can pay by a fixed fee of £800.00 and we will refund any commission we receive from the lender, or you can pay an advice fee of £149.00 and we will receive commission from the lender for placing the mortgage. We will discuss payment options with you and advise the actual amount payable before we begin to provide our services.
Mortgage Calc
Company address: Anne Wray - Old Chapel House, 3 Heapey Road, Chorley, Lancashire, PR6 9BD
T: 01257 233023
F: 01257 233022
Email: info@annewray.org
Anne Wray Independent Financial Adviser is An Appointed Representative of Sesame Ltd.,
which is authorised and regulated by the Financial Services Authority
Sesame Ltd is entered on the FSA register (www.fsa.gov.uk/register/) under reference 150427
Commercial Loans are not arranged via Sesame.
The FSA do not regulate National Savings products, personal and commercial loans, wills/will writing, some forms of mortgage, tax planning, inheritance tax planning or offshore funds.
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.