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| Home > Our Services > Secured Loans and Mortgages |
Mortgages * Try our free online Mortgage Calculator!
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Why use us?
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Because we are Independent of all the banks, building societies and other lenders , we can offer a wide choice of mortgages. Our database is regularly updated electronically to include all the latest products. With approximately 6,000 of the latest schemes on the database, you will be able to find a mortgage which most closely meets your criteria. |
| What types of mortgage are available? | STANDARD VARIABLE RATE The rate of interest varies in line with the lender's standard variable rate. It can rise and fall and so will your monthly payments. There is normally no extra charge payable if you decide to pay off your mortgage early, and usually less administration costs when setting it up. |
| DISCOUNTED VARIABLE RATE The mortgage rate is at the standard variable rate, but for a fixed period a discount is guaranteed. At the end of the fixed period the interest rate will revert to the lender's current variable rate. Because it is only the discount which is guaranteed, the actual payments may vary. |
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| CAPPED RATE This will provide a floor and a ceiling within which the interest rate can float in line with interest rates generally. It cannot however go through the floor or through the ceiling even if interest rates generally have done so. Although your payments can increase or decrease, the increase or decrease is restricted. The capped period will be for a certain period. |
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| FIXED RATE The mortgage rate is fixed at a certain rate for a certain period. During this period your payments can neither increase nor decrease. At the end of the fixed rate period, your interest rate will revert to the lender's then current variable rate. |
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FLEXIBLE MORTGAGES The relative advantages and disadvantages of each scheme can be discussed at a later stage.
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Try our free online Mortgage Calculator!
Related Pages: General Insurances, Family Protection, Private Medical Insurance
YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER
LOAN SECURED ON IT
Written quotations are available on request
*PIA do not regulate these products
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