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New
Mortgage
As an Authorised Mortgage Intermediary and
Independent Mortgage Brokerage, we are not "tied"
to any one Lending Institution, and we can deal with Banks,
Building Societies, and other Lenders on your behalf to obtain
competitive interest rates and facilities to suit your own
situation.
We can advise you the current mortgage options
available to your own situation, and can apply for you to
Lending Institutions to obtain mortgage finance for you to
purchase a property. We can arrange the whole process for
you including obtaining the finance, surveyor, solicitor,
and insurances on your behalf.
We can do all this through the Post with you
- you don't have to meet the Lending Institution. This is
one of the main benefits of Ellison Financial Consultants
Mortgage Brokerage facility.
We can advise you on how much you will be
able to borrow based on your total incomes and loans. By calculating
net salary multiples.
Contact us for a personal mortgage advice
report and quotation on your own situation.
We can organise a mortgage that suits your
future plans, flexibility in your repayment schedule, so you
can pay more when you can - including lump sums, or less if
your circumstances change (subject to a minimum payment).
By paying more you could cut years off the
term of your mortgage and own your home outright much sooner.
You could do this when it suits you, saving money in interest
payments over the term of your mortgage.
A mortgage that calculates interest when you
make each repayment. That way your mortgage balance is reduced
at the same time, rather than yearly. This way you will pay
less interest to the Lender.
You can borrow up to about 90% of the purchase
price of your house/property.
You can choose all types of mortgage facilities
from annuity/repayment, to investment, and even interest only
or pension mortgages - depending on suitability in each case
and subject to the usual Lenders conditions.
Fixed rates and variable rates are available
and are dependent on the movement trend in mortgage interest
rates. Generally, variable interest rates will save on repayments
in the long term, but fixed rates offer security in size of
payment and hence peace of mind. Hence fixed rates are most
advisable for first time buyers.
See our sections on:
Commercial Mortgages & Loans
are also available and can be used for: -
- Purchasing property
- Setting up a business
- Expanding your business
- Buying new equipment and machinery
Contact us for
a personal mortgage advice report and quotation on your own
situation.
Consumer
Credit Act, 1995, Mortgage Finance
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Warning: Your home is at risk if
you do not keep up payments on a mortgage or any other
loan secured on it.
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Interest only Mortgage:-
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Warning: The entire amount that you
have borrowed will still be outstanding at the end of
the interest-only period.
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Variable-rate residential mortgage:-
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Warning: The cost of your monthly
repayments may increase - If you do not keep up your
repayments you may loose your home.
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Fixed rate mortgage or loan:-
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Warning: You may have to pay charges
if you pay off a fixed-rate loan early.
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