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'How can I check the mortgage
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Your home may be repossessed if you do not keep up repayments on your mortgage.

For mortgages we give clients the option to pay by fee rather than commission. The level of fees will vary according to individual circumstances, but will typically be 0.5% of the loan amount.

Interest Only

With interest only mortgages the monthly payment is only servicing the interest element of the loan i.e. no capital is being paid off the mortgage. The borrower also takes out at the same time, an alternative ‘repayment vehicle’ (method of paying off the mortgage) such as an ISA, pension plan or an endowment policy.

The monthly repayments do not repay any of the outstanding capital balance. So it is important that the repayment vehicle payments are maintained, otherwise it will not be possible to pay off the mortgage at the end of the term.

ISA

Pension Linked

Simply complete the enquiry form and a qualified adviser will contact you.

Capital/Interest

  • With a repayment mortgage the monthly repayments consist of repaying the capital amount borrowed as well as the accrued interest. Your mortgage statement, usually received annually, shows the amount borrowed decreasing throughout the term.
  • Generally suitable for clients who want the security of knowing the mortgage will be repaid at the end of the term.
  • As the mortgage decreases year on year you are less likely to suffer from negative equity because your mortgage balance will be reducing month on month.

Simply complete the enquiry form and a qualified adviser will contact you.

Please contact IDFM on 0845 2706160 for further information
or email peter@idfmcity.com
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