Phone:0121 681 6833 | enquiries@birminghamifa.co.uk
Repayment
How does it work?
You borrow a lump sum over a fixed period of time (usually 25 years but can be shorter). You pay the interest and some of the capital on a monthly basis to the lender.
ADVANTAGES:
- Some flexibility with repayments.
- The only way you can be 100% certain the loan will be repaid.
DISADVANTAGES:
- Can be slightly more expensive than endowment mortgages.
- Only a small amount of capital is paid off in the early years.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
For mortgage advice you can choose how we are paid. We can either accept commission from the lender or, you can choose to pay on a fee basis. Should you choose to pay a fee we will usually charge £395. We can also arrange a combination of these options.
Mortgage & Equity Release
Mortgage Calc
Company address: Evans and Associates Financial Planning -
PO Box 15593, Birmingham, West Midlands, B32 9FR
T: 0121 681 6833
M: 07976 510972
F: 0121 336 1836
Email: enquiries@birminghamifa.co.uk
Evans and Associates Financial Planning is an appointed representative of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Services Authority and registered in England and Wales No.3406454
Trinity 3, Trinity Park, Solihull, Birmingham B37 7ES.
Evans and Associates Financial Planning is entered on the FSA register (www.fsa.gov.uk/register/) under reference 517147.
The FSA do not regulate National savings products, loans, Will writing and some forms of mortgage, offshore funds and inheritance tax planning.
The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.