Your independent mortgage advisor in cardiff

• Monthly repayments can fluctuate.
• Initial discount on the lender's SVR (Standard Variable Rate) for a set period, then switched to full SVR.
• Penalties may apply for overpayments and early repayment.
• Lender might not reduce or may delay reducing its variable rate even if base rate declines.
• Advantageous for the initial phase when budget may be constrained.
• Need to ensure affordability post-discount period as rates can increase.

• Interest rate and monthly repayments remain constant for an agreed period.

• After the agreed period, lender usually switches the borrower to its SVR.

• Penalties may apply if switching lenders during a fixed rate period.

• Early repayment charges may apply for overpayment during the fixed period.

• Payments stay the same during a fixed period regardless of market interest rate fluctuations.

• Rates won't decrease if market rates go down.

• Supported by the government to aid potential homebuyers.
• We can provide guidance on scheme workings and eligibility criteria.

• Monthly payments only cover the interest on the mortgage balance.

• The capital amount borrowed does not decrease and must be fully repaid at the end of the mortgage term.

• Separate investment(s) needed to generate the required capital, and affordability of this must be demonstrated.

• Be aware that investment values can fluctuate, possibly leading to a shortfall of the original amount.

• The lender must approve your plan for loan repayment at the end of the interest only period.

• If unable to generate enough to repay the mortgage at term end, selling the property might be necessary.

• Must demonstrate how the capital sum will be repaid at term end.

Yes, it is certainly worth it. An independent mortgage advisor can offer you a wider range of products and lenders as they are not tied to any specific provider. They have the expertise to search the market to find the best deal that suits your specific circumstances.

Costs can vary. At Affinity Financial, we pride ourselves on providing affordable, transparent, and fair services. For more detailed information, please contact us.

A mortgage advisor specializes in helping clients find the right mortgage products. A financial advisor, on the other hand, provides advice on broader financial matters such as investments, pensions, and insurance. At Affinity Financial, we provide both services.

Using a mortgage broker like Affinity Financial often provides more options as they have access to a wide range of products from different lenders. A bank can only offer its own products. A broker can compare deals across the market to find the one that suits your needs best.

Using a mortgage broker like Affinity Financial often provides more options as they have access to a wide range of products from different lenders. A bank can only offer its own products. A broker can compare deals across the market to find the one that suits your needs best.

A potential disadvantage could be the cost. However, a good financial advisor often pays for themselves through the savings they can find for you. They also save you time and reduce stress by handling complex financial matters.

No, you don't necessarily need a lot of money. At Affinity Financial, we believe everyone should have access to quality financial advice. We work with clients with various income levels and financial goals.

As mentioned earlier, cost can be seen as a disadvantage. Some people might also prefer to manage their own finances. However, given the complexity of financial markets, having a professional financial advisor can often lead to better outcomes.