Phone:01628 594433 | enquiries@advancedfinancialadvice.co.uk

Repayment

How does it work?

You borrow a lump sum over a fixed period of time (usually 25 years but can be shorter or longer). You pay the interest and some of the capital on a monthly basis to the lender.

ADVANTAGES:

Some flexibility with repayments.
The only way you can be 100% certain the loan will be repaid, providing repayments are maintained.

DISADVANTAGES:

Monthly mortgage payments may be slightly higher than interest only mortgages covered by an investment/life assurance to repay the capital.
Only a small amount of capital is paid off in the early years as the monthly mortgage payment consists of a higher proportion of interest to capital repayment.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

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Company address:
Advanced Financial Advice, 44 Broadway, Maidenhead, Berkshire, SL6 1LU
T: 01628 594433
M: 07768 277413
F: 01628 636362

Email: enquiries@advancedfinancialadvice.co.uk

Advanced Financial Advice (AFA) is a trading style of Nigel Osgood, a partner of AFP Partnership who are authorised and regulated by the Financial Services Authority for the conduct of Home Finance, Pure Protection and General Insurance Business.

AFA acts as an introducer to other firms within the AFA alliance for other classes of regulated business and each firm within the alliance is authorised and regulated by the Financial Services Authority for the appropriate type of business. A fee may be payable for independent advice and for typical examples, please see ‘How we are paid’

Company phone: 01628 594433 | enquiries@advancedfinancialadvice.co.uk

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