• Mortgage Advice

    Guiding you through the mortgage maze

Paying for your home

Once you’ve identified your dream home the bottom line is how to pay for it. We can guide you through the process and help you get the solution that works for you. There are two main ways to repay your mortgage and there are some stark differences between them. We can help you identify which is appropriate for you.

Capital and interest

  • Also known as repayment mortgage.
  • Monthly payment consists of part capital and part interest.
  • In early years payment consists mainly of interest with more capital being repaid as term progresses.
  • Certainty of mortgage being repaid (provided all repayments are made).
  • Cautious method.

Interest only

  • Only interest paid each month.
  • No reduction in capital unless made voluntarily.
  • Must have a suitable savings vehicle or repayment strategy (eg endowment policy, ISA, pension or sale of property).
  • Regular reviews required.
  • Adventurous method.

If you’d like advice on mortgages and protection contact Phil Moore or Sara Reed on 01983 535740 or email phil.moore@rouseltd.co.uk or sara.reed@rouseltd.co.uk.

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

The Financial Conduct Authority does not regulate some forms of Buy to Let Mortgages.

To understand the features and risks of a lifetime mortgage you should ask for a personalised illustration.

Everyone is different and once we have established your needs and attitude to risk, we can help to help you to choose which repayment strategy is right for you

Phil Moore Cert PFS Certs CII (MP & ER)

Mortgage Calculator

Use this calculator to work out the monthly payments on a repayment or interest-only mortgage and a guide to the stamp duty land tax payable. The calculator is for illustrative purposes only, and the actual mortgage sum, interest rate and term applicable can be higher or lower than the values shown.

 
 

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Interest-only
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Stamp Duty

Stamp Duty Land Tax is a fee that must be paid when you purchase a property above a certain value.

Stamp duty to pay
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Effective Rate
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