Aston Mortgages logo             exceed your expectations
Home Mortgages Remortgages Life Insurance Right to buy Poor credit Purchase Commercial mortgages
About Us
Our range
Testimonials
Mortgage Life Inurance
Contact Us

Visit our specialist mortgage lending site for properties of non standard construction such as concrete steel and timber

 
Overseas mortgages

Below are two examples of the main types of mortgage available today:

Repayment Mortgage
You pay off part of the capital each month as part of your regular payment. With the ‘repayment’ method, your monthly payment will contain an element of repayment of your capital in each payment alongside the interest due. The proportion of each will change through the term of the mortgage. Repayment mortgages have certain advantages; the debt will reduce with each monthly payment you make, albeit that the reduction will be gradual in the early years. As the debt reduces, the amount of capital repaid increases; this would normally increase your equity in the property. Making payments in full as they fall due guarantees the mortgage will be repaid in full at the end of the term. Lenders tend to be more flexible about rearranging payments and altering terms when necessary.

Interest Only Mortgages
This is a mortgage where interest-only is payable and the capital is intended to be repaid at the end of the term by an appropriate repayment vehicle such as ISAs, PEPs, pensions or endowment policies. Occasionally, people will take out an interest-only mortgage, utilising a number of methods of ultimate repayment, which may even involve selling a property to repay the loan. We are not authorised to provide advice on repayment vehicles.

The above descriptions represent only fairly basic guides. For further information or assistance click here for our consultant to contact you.

Purchase


THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

ASTON MORTGAGES IS A TRADING STYLE OF ASTON MORTGAGE SERVICES LTD. ASTON MORTGAGE SERVICES LTD IS AN APPOINTED REPRESENTATIVE OF MANOR MORTGAGE SERVICES (DIRECT) LTD. MANOR MORTGAGE SERVICES (DIRECT) LTD IS AUTHORISED AND REGULATED BY THE FINANCIAL SERVICES AUTHORITY. FRN: 496907

Aston Mortgage Services Ltd is registered in England, Company Registration Number: 5117455
Registered Office: 23 Verne Road, Weymouth, Dorset, DT4 0RX, England. Tel: 01305 830300
email: contact@astonmortgages.co.uk