Buying a home is one of the biggest financial decisions you’ll make.
That’s why we’ve produced this guide to help you understand what you need to think about when buying your home or remortgaging. You’ll find a range of information explaining mortgage terminology, the costs involved and how to protect your home and family.
More than just the mortgage
Buying a home is a big commitment, so your adviser may talk about the options around helping to protect your home, belongings, health and loved ones…
Borrowing to buy your home
When you buy your home, you’ll probably need to take out a loan to pay for it. A mortgage is a loan that’s secured against your home…
Costs involved in buying a home
Have a look at our helpful guide…
How much can you borrow?
You’ll need to find out how much you can borrow before making an offer on a property. Make sure you’re realistic in what you can comfortably borrow and that you can afford…
Ways to repay your mortgage
There are two styles of mortgage repayment – ‘Repayment’ and ‘Interest Only’…
How is interest charged and paid?
There are lots of different interest rate options offered by lenders…
Common features of a mortgage
We’ve listed and provided a brief explanation of some terminology you’re likely to come across when buying a home…
Your home insurance
It’s always a good idea to put some protection in place against any loss or damage to the things you own.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Compliance
Castle Mortgages is a trading name of Steven McKernan who is an Appointed Representative of PRIMIS Mortgage Network, a trading name of Advance Mortgage Funding Ltd. Advance Mortgage Funding Ltd is authorised and regulated by the Financial Conduct Authority.
The guidance and/or advice contained in this website is subject to the UK regulatory regime and is therefore restricted to consumers based in the UK.
Fees and charges
Castle Mortgages offers and initial no obligation consultation. Following a successful mortgage application we will charge a fee based on the complexity of your application and how much work is required and this is only payable once we have found a solution for your needs. This will be discussed with you at your initial appointment. A typical fee charged will be £595.