01752 341989

mike@trafalgarmortgage.co.uk
  • Home
  • About us
    • Advice Process
    • Our Fees
    • Testimonials
    • Legal Information
    • Complaints Procedure
  • Mortgage Advice
    • Buy to Let
    • Remortgage
    • First Time Buyer
  • Financial Services
    • Life & Mortgage Protection
    • Services Insurance
    • General Insurance
    • Corporate Advice
  • Other Services
    • Conveyancing
  • Client Area
    • Mortgage Calculator
    • Stamp Duty Calculator
  • Contact us

Mortgages

Mortgages should be straightforward - you borrow money to buy a house and pay interest on the loan. In a hugely competitive market, building societies and banks are continually updating and extending their range of mortgages.

The most important points are how you pay back the capital you borrow and how you pay the interest on it.

You can either pay the capital a little at a time as you go (repayment mortgage) or pay it all off at the end (Interest only mortgages).




Expert Mortgage Advice

Regardless of whether you're a first time buyer, home mover, or looking to remortgage to another lender to take advantage of a better mortgage deal, the mortgage market can be a confusing place. There are numerous mortgage deals on the market, which we can explain the pros and cons to you.

The advantage of using an experienced broker is that we can personally handle your mortgage application from beginning to end.

Are you looking to purchase a property, remortgage or buy-to-let? or simply want some expert mortgage advice? Then Michael James at Trafalgar Mortgages & Financial Services can help. Trafalgar Mortgages & Financial Services based in Plymouth offer mortgage, remortgage and protection advice.

For details of our fees for mortgage business please see our page Our Fees

Please contact us for advice in choosing the right mortgage for your needs.




Paying back capital

Paying back the capital on your mortgage

You can either pay a little at a time as you go (repayment mortgage) or pay it all at the end (interest only).

Repayment

Repayment mortgages

Each monthly payment pays off a little of the underlying debt, as well as interest on the loan. At the end of the repayment term providing all payments have been made in full and on time the mortgage will be repaid in full.

Interest Only

Interest only mortgages

With this type of mortgage, you pay-off the interest on the loan but not the capital. Then at the end of the mortgage term it is your responsibility to repay the capital.

Variable fixed & capped rates

Variable, fixed and capped rates

Variable: paying the going rate on your loan, goes up and down with changes in interest rates. Fixed rate: The interest rate is fixed for the period agreed. Capped rate: A capped mortgage works much like a standard variable rate mortgage – the interest you pay on your monthly mortgage repayments can go up or down but the interest rate can never go past a certain limit - the cap - during the deal, even if the standard variable rate goes higher than this.




    Trafalgar Mortgages & Financial Services is an appointed representative of Quilter Mortgage Planning Limited which is authorised and regulated by the Financial Conduct Authority.

    The Financial Conduct Authority does not regulate on the following: taxation advice, trusts, will writing, commercial, buy to let mortgage advice, employee benefits and conveyancing.

    The guidance and/or information contained within this website is subject to UK regulatory regime and is therefore targeted at consumers based in the UK.

    This website is designed to provide you with general information only and does not attempt to give you advice on any particular mortgage/protection plan or to recommend any particular mortgage/protection plan to you.

    Please read our Privacy Notice before contacting us.

    Neither Trafalgar Mortgage & Financial Services nor Quilter Financial Planning is responsible for the accuracy of the information contained within the linked site(s) accessible from this page.

    IFA Web Pro ©