Mortgages - An Introduction

Mortgages can be confusing, since there seem to be so many different types of home loans available. However, with a little homework, it is possible to gain a sound working knowledge of the subject and an understanding of the terminology.

Even armed with this information it makes sense to talk to a professional mortgage adviser. With the number of mortgage choices available - well over 1,000 different deals (which are constantly changing), from over 100 lenders - an independent financial adviser (IFA) is well placed to help you select the type of mortgage that best suits you. Such an IFA should have access to most, if not all, of the latest mortgages (including many that aren't available through high street lenders), and can provide invaluable assistance in highlighting potential pitfalls.

However, to help you make sense of the mortgage market we have prepared a brief description of each type of mortgage, with handy summaries.

Right at the outset it is important to understand that there are two facets to a mortgage: how the loan is repaid; and how interest is charged on the debt. Get this clear in your mind, and logically everything else should fall into place.

Andrew Stuart, editor-in-chief of Your Mortgage magazine

Platinum Property Group has in-house Independent Mortgage advisers to provide a full mortgage package and provide a full choice of lenders.

Ø      A full mortgage package to suit your needs

Ø      Fully professional and personal service

Ø      First time buyers welcome

Ø      Re-mortgage and new mortgages

Ø      Secured loans

Ø      Life insurance, Home insurance and Accident & Sickness

Ø      Home visits – no time off work

Ø      Fully qualified advisers

Ø      15 years experience

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