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First Time Buyers

Getting started on the housing ladder can be a daunting task! There's so much to do and think about. We at The Lending Company, are ideally placed to offer you unbiased, independent advice on the best way to proceed.

The choice of lenders and mortgages can seem quite overwhelming at first, but we can help to guide you to the best choice for you.

Is the right choice a Repayment Mortgage or Interest Only?

With a Repayment mortgage, you pay the lender a monthly amount which includes capital on the loan plus interest, so your debt reduces gradually over the term.

With an Interest Only mortgage, you pay the lender a lower monthly amount than on a Repayment mortgage, which covers the interest only on the loan, but at the same time you pay into a separate investment fund. With an Interest only mortgage, your debt doesn't reduce until the end of the term. Your separate investment fund is designed to build up sufficient funds to repay the loan in full at the end of the term.

As Independent Financial Advisers, we can advise you on which plan is best for you and if you are considering an Interest Only Mortgage, we can investigate the whole investment market on your behalf to find the most suitable investment product to repay your mortgage.

Call now on 01253 399311.