Financial services:
Mortgages
If you are buying a house, you can just go to your local bank or building society and you may be able to get a mortgage loan. But how do you deal with the bewildering choice of mortgage offers?
What type is best for you? There is number of repayment options, including:
- Repayment
- Interest only
- Endowment
- Pension
- ISA
There is a choice of interest rate structures, such as variable, fixed, or capped.
There are a variety of discounts on offer, such as:
- First-time buyer (beware – not necessarily as good as it sounds)
- Size (larger loans come cheaper)
- Loyalty (cheaper if your previous loan was from the same lender)
- Short term (reduced rates for a period, such as 1, 2 or 3 years – but what happens for the remaining 22, 23 or 24 years?)
There may be inducements, for example free survey, free legal fees, or a cashback.
Conversely, there are often strings attached, for instance:
- Early redemption penalties
- Compulsory life insurance (not necessarily cheap)
- Compulsory home insurance (not necessarily cheap)
Cassons specialise in arranging mortgages for our clients. We can guide you through the mortgage jungle. In some cases, we can advise you how to structure your finances so that you get tax relief on your borrowing. (That may surprise you; but we are not just financial advisers, we are also tax specialists.)
If you are a barrister, we have our own Cassons Mortgage Scheme for Barristers, designed by us to be the best mortgage loan you can possibly get. More details are available in the Bar department section.
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General...
- Meet Steven Greenwood, our Financial Services Partner
- Find out about our services for you and your family
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- Read comments we've received from our clients
- Request an initial meeting with us (with no fee or obligation)
