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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBTS SECURED ON IT
IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING
THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY
Loans subject to status · A broker fee may be charged up to 12.5% · On average the fee is £1760 · Calls may be recorded for training and monitoring purposes
Copyright © 2010 My Sort of Loan Ltd ·
Home · About Us · Loan Types · Contact Us · Apply · Help · Introducers · Legal · Site Map
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBTS SECURED ON IT
IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING
THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY
Loans subject to status · A broker fee may be charged up to 12.5% · On average the fee is £1760 · Calls may be recorded for training and monitoring purposes
Copyright © 2010 My Sort of Loan Ltd ·
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At mysortofloan we take the time to find out about you and your circumstances. We work closely with an independent mortgage company, who will handle your enquiry from start to finish. There advisors will provide you with a mortgage illustration to suit your needs. There advisors search a panel of lenders for not only the most appropriate interest rate, but the most appropriate mortgage product as well.
Typical rate 3.70%. The overall cost for comparison is 3.80%.
Note: The actual rate offered will depend on your personal circumstances. Ask for a personalised illustration. Initial consultation and illustration is obligation free, if you choose to go ahead with the (re)mortgage a fee becomes chargeable. Ask your advisor for more information.
| • | Repayment - each payment you make is split between the interest and the outstanding loan amount |
| • | Interest Only - the monthly payment only covers the interest charge. At the end of the mortgage you have to clear the loan amount by alternative means i.e. a savings plan |
| • | Tracker Mortgage - the interest rate is fixed at an agreed percentage above the Bank of England rate and tracks it over a set period of time |
| • | Initial Discounted Rate - for an agreed period your repayments will be lower than the lenders usual rate. At the end of the discounted period the rate reverts to the lender’s standard rate for that product |
| • | Fixed Rate - this mortgage allows you to have set payments for an agreed period regularly between 2 to 5 years |
| • | Offset Mortgage - this product is linked to your current account or savings account or both. Your mortgage balance changes depending on the amount of money held in these accounts, the higher their balances the less you have to pay. If your balances are lower the more you have to pay towards the mortgage |
| • | Current Account Mortgage - similar to an Offset Mortgage. The product uses the balance in your current account to offset the mortgage |
| • | Standard Variable Rate Mortgage - your monthly payments move up or down as the lender adjusts the interest rate to match market conditions. The lender may choose not to reduce the interest rate even if the Bank of England reducers the base rate. |
| • | Our partner can search a wide range of lenders quickly which saves you time and hassle |
| • | Your initial quotes are obligation free |
| • | Our partners advisors are trained and will find the mortgage deals that best suit your needs |
| • | No pushy sales techniques - you decide which deal is right for you |
