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Residential Mortgage

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01789201914

If you can’t talk right now, you can request a callback below, for a time that suits you

What Is A Residential Mortgage?

A loan that one or more persons receive in order to buy a house or other residentialproperty in which they will live. The loan is secured by a loan on the property.
The borrowers repay it over a specified period of time using one of the following methods.

 

Interest only
Each month you pay only interest to the lender, meaning that the amount you owe does not reduce. To ensure that you can repay the mortgage at the end of the term, lenders are keen to understand how you plan to do this. Acceptable options include, but are not limited to, sale of the property, pension lump sums, endowments and savings. Interest only mortgages are harder to obtain than repayment mortgages and eligibility for these is complex.

Capital and interest
Each month you pay interest to the lender and also a small amount of capital which means that month on month, the amount you owe reduces, until eventually the debt is repaid.  The duration over which you pay the mortgage back can be up to 35 years, subject to the mortgage ending, generally speaking, before your 70th birthday.

 

How can we help?

Once we have gained a full understanding of your circumstances, we will find the right terms for you, whether that is the cheapest rate, most affordable fees or flexible rental calculation. Best of all – we will do this with minimal fuss, from the moment you contact us to completion.

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Residential Mortgage Blog

7 Ways To Fall Back In Love With Your Home

Every now and then, everyone needs a little pick me up, including your home. Over the years, scuffs and scrapes can make a house look untidy and you can soon fall out of love with your home, which becomes a place just to rest your head, rather than a space to relax...

The Ultimate Guide To Remortgages

Applying for a remortgage can be complicated, there are so many different types of deals available right now that it can be a challenge just working out where to start! People apply for a remortgage for a wide range of reasons and have different circumstances. It is...

What’s the mortgage process for buying a new build home?

As we’ve seen from our previous article, there are many reasons why you might want to buy a new build home. Many people like the fact that the property comes with the safety net of guarantees, plus you can choose your own fixtures and fittings that suit your style,...

What happens to your mortgage when you move home?

While moving home can be one of the busiest and most stressful times in your life, sorting out your mortgage doesn’t have to be. In fact, mortgages can be pretty straightforward when moving home, whether you take your current mortgage with you to your new property or...

Remortgaging To Raise Capital

There may come a time when you want to use the money that is tied up in your home for something else, such as for home improvements. Going through this process is known as releasing equity.

Testimonials

Doing a good job is important to us, so we’re always delighted to receive positive feedback from our customers.

Here’s what some of them have been saying about us recently.

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Mrs T

“I have been referred to Chris by a professional network and I am extremely glad I have! They have assisted me in getting the best mortgage and I couldn’t be happier with their services and professionalism. I would highly recommend the entire team to anyone wishing to seek advice in this area!”

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Mr B

“From Start to Finish all the team at CAPC were helpful and delivered a very professional service, with regular updates on the status of our application and good advice on the options which were available, a great service which I would recommend Thanks Again.”

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Mr C

“CAPC were excellent in sorting my Mortgage in tight timescales. The team managed the process from start to finish and provided confidence that they could develop a great solution. They sourced a cheaper and better product with the added benefit of an offset. I would recommend their services to others.”

Contact our expert advisers now

Call free from landline or mobile

01789201914

Your home may be repossessed if you do not keep up repayments on your mortgage.

There will be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances and loan amount. The fee is up to 1.5%, but a typical fee is 0.67% of the amount borrowed.

There is no guarantee that it will be possible to arrange continuous letting of the property, nor that rental income will be sufficient to meet the cost of the mortgage.

CAPC is a trading name of Christopher Allen Private Clients Limited which is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority.

Christopher Allen Private Clients Limited. Registered Office: 7 Arrow Court, Adams Way, Alcester, Warwickshire, B49 6PU. Registered in England Number: 08820469

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