“Because we have 22 years of experience in the mortgage and financial services industry we provide a service that is fast, efficient and friendly – helping you to get the right mortgage deal, quickly and with the minimum of fuss and cost.” |
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Why Pay Too Much?! In our experience far too many people are paying too much for their mortgage borrowing – with the right mortgage they could be paying the same amount but have the chance to be mortgage free much sooner! |
Why do people pay too much for their mortgage borrowing? It might be unbelievable but the most common reason we experience is “I can’t be bothered to sort it out!” As crazy as this sounds, it’s something we find every day!
Here’s a startling fact you might like to think about for a moment:
By paying a similar amount every month with right mortgage (not increasing your payments) you could reduce your mortgage term by several years and save literally thousands of pounds in interest. Would you like to be mortgage free sooner than later?
*For example: If you switched from a standard variable rate of 7.69% over 20 years paying £817.25 per month to a five year fixed rate of 5.63% paying £766.51 per month and then onto that company’s standard variable rate of 6.74% for the remaining term paying £812.79 per month, not only have you paid less per month towards your mortgage, you will have also reduced your mortgage term to 17 years, saving you over £33,000 in interest payments!
The overall cost for comparison is 6.4% APR. The actual rate available will depend upon your circumstances.
Thankfully more and more people these days are becoming aware of the benefits of shopping around and getting the most suitable deal – this also applies to your mortgage borrowing. Money is hard earned and making it work for you is essential.
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~ Mortgage Brokers Norwich ~ Buy To Let Mortgages Norfolk ~ Mortgages Norfolk ~ Remortgages Norfolk ~ Mortgage Quote Norwich ~YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED UPON IT*The example is based on a £100,000 mortgage with BM solutions on their standard variable rate of 7.69% for the total term of 20 years, where you would pay £817.25 per month for this period if interest rates remain the same, paying a total of £196,140 over the term of the mortgage; the saving is based on remortgaging with Nationwide to a 5 year fixed rate at 5.63% paying £766.51 for 5 years then moving onto their standard variable rate of 6.74% for the remaining term of 12 years paying £812.79 per month, if interest rates remained the same. Figures obtained from Trigold on 25th March 2008. The overall cost for comparison is 6.4% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration. Our typical broker fee is £199, however it could be as much as 2% of the loan amount, payable on completion. The precise amount depends on your circumstances. In general BUY to Let mortgages are not regulated by the Financial Services Authority Mortgage Advice & Protection Solutions (MAPS) is an appointed representative of Home of Choice Ltd, which is authorised and regulated by the Financial Services Authority. Website and contents Copyright © 2008 - Listed on Smile Local for: Mortgages in Norwich |
