Mortgages

Working alongside the Mortgage Advice Bureau we offer a free no obligation mortgage service.

Our team of highly experienced experts can help with sourcing the best deals on the market, arranging first time buyer mortgages, buy to let, help to buy, new builds, self builds and mortgage protection packages.

Book a free appointment to speak to one of the team who will be happy to help in any way.

Not sure how much you may be able to borrow? Why not use our Mortgage calculator to give you some idea.

Mortgage Payments

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Capital Repayment Mortgages

Repayment mortgages, also referred to Capital & Interest Mortgages, work as any other standard loan. Each month the borrower makes a payment that includes the interest as well as little bits of the capital amount borrowed. In other words, as long as you keep up your repayments each month, the loan will slowly reduce and the full mortgage will be repaid by the end of the mortgage term. You will then own the property fully with no debt. No risk, no hassles.

Interest Only Mortgages

With an Interest only mortgage, borrowers only have to pay off the interest on the mortgage and not the capital. In other words if you borrow £300,000 on this basis over 25 years, at the end of the 25 years you still owe £300,000! However, the onus is upon the borrower to ensure, usually via a savings vehicle such as an ISA or other savings, that sufficient funds will be in place at the end of the mortgage term to pay off the mortgage in full. If there is no provision made, at the end of the term you will have to sell the property to pay back the loan. Although this does give a certain element of flexibility and potentially lower monthly payments, there is therefore a certain amount of risk associated with this type of product, especially if property prices fall or savings plans do not perform as expected.

Your home may be repossessed if you do not keep up repayments on your mortgage

JW Wood is an appointed representative of the Mortgage Advice Bureau which are authorised and regulated by the Financial Services Authority for advising on and arranging the following: Mortgage Advice Bureau Limited for mortgages

Why we use Mortgage Advice Bureau…

They have approximately 850 expert advisers located across the UK.
They can provide face-to-face and telephone advice for our customers.
They search thousands of mortgage deals to find the right one for our customers' circumstances and needs.
Some of these schemes cannot be found on the high street and are exclusive to Mortgage Advice Bureau.
They pride ourselves on our professional service, which continues throughout the lifetime of our relationship, not just when your mortgage completes.
They provide a full range of lifestyle and income protection cover to protect you from the unexpected.
They cover all aspects of property-related lending including Help to Buy, Buy-to-Let, Affordable Housing schemes and many more

Mortgages

Mortgages

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Capital Repayment Mortgages

Interest Only Mortgages

Why we use Mortgage Advice Bureau…

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