Residential mortgages

A home to call your own

A mortgage is a loan you take out to buy a property. The money you borrow is called ‘capital’, and the lender charges you interest on this until you have repaid the full amount. The loan is ‘secured’ against the value of your home, meaning the lender can repossess it if you cannot keep up your mortgage repayments and sell it to get their money back.

You can repay your mortgage in one of two ways. With a repayment mortgage, each month’s repayment will partly go towards paying back the interest, and partly towards repaying the capital, meaning the whole amount will be repaid by the end of the mortgage term. With an interest-only mortgage, however, you’ll only pay off the interest each month and still owe the full amount at the end of the mortgage term. This means you’ll need to make other arrangements for repaying it.

Mortgages are therefore a serious financial commitment, so it’s important to get it right. That’s where we come in. At CH Capital & Mortgages, we can help you find the mortgage that works best for your particular circumstances. We’ll talk you through the different types of products available, to ensure that the product you choose is completely right for you.

For the uninitiated, the mortgage market can seem intimidating to say the very least. Don’t worry – our advisers will be there every step of the way, helping you work out how much you can afford to borrow, recommending most appropriate mortgage type and working with you to find a good deal. We’re here to help – just get in touch.

Your property may be repossessed if you do not keep up repayments on your mortgage.