The below calculator can be used to give an indication on monthly mortgage payments.
Mortgage Advice Bureau (MAB) works with Smooth to provide their clients with expert mortgage and protection advice. MAB have access to over 12,000 mortgages from 90+ lenders and can find the right mortgage to suit your individual needs. The expert advice offered, combined with the volume of mortgages MAB arrange, places them in a very strong position to ensure that their customers have access to the latest deals available and receive a first-class service. MAB will take care of everything from explaining all of your options and helping you select the right mortgage, to choosing the most suitable protection for you and your family and handling the whole application process.
For more information speak to a member of the Smooth team who will be able to arrange a noobligation chat with an MAB advisor.
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.Mortgage Advice Bureau is a trading name of Boden Samuel Ltd which is an appointed representative of Mortgage Advice Bureau Limitedand Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. Boden Samuel Ltd. Registered office: 3 Halford Street, Leicester, United Kingdom, LE1 1JA Registered in England Number: 04197156
The key difference is that the Mortgage adviser from a bank or building society will offer limited advice based on the products and services provided at their bank or building society. Whereas A Mortgage broker will have access to multiple lenders up to the whole of market, meaning their advice is not limited to find you the best deal to suit your needs.
You have 3 ways you could repay your mortgage. Capital and Interest repayment, this is where each month you pay some of your mortgage balance and the interest and by the end of your mortgage term the mortgage will be repaid in full, Interest only, this is where you only repay the interest each month, at the end of the mortgage term you will still owe the amount you borrowed. Or Part and Part, this is a combination of the above where there still would be an element of the mortgage balance outstanding. For any interest only or part and part mortgage you would normally need an acceptable repayment strategy in place.