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Mortgages

While spending your lunchtimes and Saturdays walking from one bank or building society to another will normally get you a mortgage, a mortgage adviser may well be able to get you better terms.

A Mortgage Adviser will use powerful computer databases to sort through the vast range of mortgages and identify the most suitable ones for your current circumstances.

That done, a mortgage adviser will also oversee the process of actually completing on the mortgage, ensuring that all the parties (lawyers, lender, yourself) etc have all the right documentation at the right time. This is an essential part of the service, as all too often communication breakdowns lead to otherwise unnecessary delays and complications, and their role is to ensure that all progresses as smoothly as possible.

If you are just starting to look for property and are unsure as to how much you can borrow, use this useful mortgage borrowing limits calculator . If you want to know what sort of terms might be available then a mortgage adviser can give guidance on this so that you don't waste time pursuing unsuitable properties.

The elements of a mortgage

Mortgages comprise various elements, the main ones being outlined below:-

  • The Interest Rate (with Interest rate calculator)
  • The early repayment charges
  • The higher lending charge
  • The repayment of capital
  • Insurance
  • Lifetime mortgages

A mortgage adviser will be pleased to explain these elements in more detail, and how they affect your specific needs and requirements. Written quotations are available on request. Further mortgage information may be found by clicking here.

A mortgage is secured on your home, your home may be repossessed if you do not keep up repayments on your mortgage.

For details of our fees for mortgage business please see our page "How we are paid".

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KSM Associates Independent Financial Advisers Ltd is authorised and regulated by the Financial Conduct Authority. Financial Services Register No: 209562 http://www.fca.org.uk/register.

KSM Associates Independent Financial Advisers Ltd Registered Address: 6 Beaumont Street, Hexham, Northumberland, NE46 3LZ. Registered in England & Wales, No. 02619472.

Neither KSM Associates Independent Financial Advisers Ltd nor its representatives can be held responsible for the accuracy of the contents/information contained within the linked site(s) accessible from this page.

The Financial Conduct Authority does not regulate National Savings or some forms of mortgage, tax planning, taxation and trust advice, offshore investments or school fees planning.

The information contained within this site is subject to the UK regulatory regime and is therefore targeted primarily at consumers based in the UK.

The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details of the FOS can be found on its website at www.financial-ombudsman.org.uk

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