Mortgages | mortgage calculators | commercial mortgages | buy to let | overseas property

Mortgages and Property

Taking out a mortgage is going to be the biggest financial commitment most people will ever make, and with the huge choice of mortgage products available doesn’t it make sense to seek professional advice first?

At Henderson Stone & Co, we can help. Whether you’re looking to buy for the first time, re-mortgage, enter the buy-to-let market or find a commercial mortgage, our experienced advisers can assist you in finding the right mortgage to suit your circumstances. We will always go through a thorough fact-find with you to help clarify your financial situation before providing advice and a recommendation.

What is a mortgage?
A mortgage is a loan taken out specifically for the purpose of purchasing a property. The loan, and the interest payable on it, is paid back over a period of time. A mortgage can also be used to release some of the value of a property, against which the loan is secured, for another purpose.

How does a mortgage work?
The borrower takes out a loan based on how much they can afford and the value of the property. The borrower will be charged interest on the loan at a particular rate. The mortgage is then paid back by monthly instalments over a period of time agreed upon by the borrower and the lender.

How will I know which mortgage is right for me?
In today’s competitive marketplace lenders are constantly reviewing and changing the range of mortgage products they offer. The products feature a wide range of interest rate options and the benefits to the borrower are dependant upon their own personal circumstances as well as the economic climate at the time the loan is taken out. Click on the link provided here to find the different types of mortgage options available. If you would like assistance finding the right mortgage to suit your needs, call us on 0141 352 7800 and ask to speak with one of our mortgage advisers.

Use our Mortgage and Financial Calculators to give you an idea of your possible maximum mortgage allowance. Our calculators can also work out your mortgage interest repayments, overall mortgage repayments and carries a repayment versus investment mortgage comparison as well as other useful functions.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

There may be a fee for mortgage advice, the precise amount of the fee will depend upon your circumstances but we estimate it will be £395.00.

The Financial Services Authority does not regulate commercial mortgages, finance and some aspects of buy to let mortgages.

Changes in the exchange rate may increase the sterling equivalent of your debt.