Mortgage Advice

Mortgage Advice Buckinghamshire, Bedfordshire, Hertfordshire and Milton Keynes

There are many types of mortgage deals on offer and even combinations of different mortgages (outlined below). We realise that choosing a mortgage lender can be a daunting task, what with so many lenders offering so many different rates and deals. It is essential that you get the right mortgage advice tailored to your needs and not those of the Mortgage Adviser.

We are able to search all of the lenders offers at any given time using our sophisticated software to look at the thousands of options available. We will then explain the differences between the products, to help you to decide which mortgage is best suited to your needs and circumstances. Please call us if you would like us to help you find a mortgage deal that is right for you.

ASC Financial Solutions Ltd can offer you:

Independent Mortgage Advice.
Whole of market research to find the best mortgage for you.
Face to face or phone appointment.
Regular updates on the progress of your mortgage.

Unbiased Mortgage Advice

We can provide you with unbiased advice on which mortgage is most suitable for you. As Independent Financial Advisers, we are not restricted to a single lender when advising you - we can draw on information from the whole marketplace. When giving advice, we will take care to help you select a mortgage to fit your needs by asking for relevant information about your circumstances and objectives. Our advice will also depend on your particular requirements and on the market conditions at the time.

What can a Mortgage be used for?

Home Purchase
At some point, most people consider buying their own home, and few have sufficient funds to purchase a property outright. That's where mortgages come in, a mortgage is the difference between the amount of money they have (known as their 'deposit') and the cost of the property. The loan is then repayed over a long period to minimise the cost of repayments required to repay the loan.

Re-Mortgaging
People who have already bought their own home with a mortgage may want to raise further funds to extend or improve their property, this is known as 're-mortgaging' or a 'further advance' (where the existing lender is involved), or to buy another property as an investment. Re-mortgaging can also be used to replace an existing loan or obtain an improved mortgage arrangement.

Equity Release
Many people find themselves in a very valuable property but with very little money to live on, and it is possible to raise funds on the property to create more income, known as 'equity release', using home income and home reversion schemes. This can be a way of ensuring that there is sufficient income to live on in later years, or for providing the funding for long term care or inheritance tax mitigation.

What type of mortgage is available?

There are two main types of mortgage, Interest only and Repayment.

Interest Only
An interest only mortgage is where you only pay the interest element of the loan, the capital (amount originally borrowed) will need to be paid at the end of the mortgage term. You are advised to save up to pay the capital using what is called a repayment vehicle. The following repayment vehicles are available, we can help you choose the method that suits you best.

ISA
Pension Plan
Endowment

Repayment
With a repayment mortgage, the monthly payments consist of interest and a portion of the capital debt. If you keep making your payments up until the end of the mortgage term you are guaranteed to pay of the debt.

For honest Independent Financial Advice from a firm with great integrity give us a call on 01908 260033 and we will be only too happy to help.