Emery Mortgage & Insurance Services - Independent Advice from Certified Mortgage Specialists


		e-mail us

		Bank of England Base Rate 0.5%




	mortgage & insurance services


	Methods of repaying your mortgage


	Repayment of Capital & Interest


	As well as interest payments being made, the mortgage loan amount is gradually reduced throughout the term, so at the end, nothing remains owing to the lender providing all payments are made as requested.


	Interest Only Mortgage


	Only interest payments are made throughout the term of the loan, with the original loan amount remaining at the end of the term.


	*Investment Backed Interest Only**


	Only interest payments are made throughout the term of the loan and the original loan amount remains payable to the lender at the end of the term. An investment (savings) plan, which pays out a lump sum in later years, is usually used to repay the loan amount remaining at the end of the term.


	Part Repayment, Part Investment*


	This is a combination of the two payment methods, where part of the loan is fully repaid over the mortgage term, with the other part as interest only. The capital sum remaining at the end of the term is to be repaid from the proceeds of an investment plan.


	Endowment*


	Endowment - A form of savings based life assurance which can be used to repay home loans.


	*Pension Mortgage**


	An interest only mortgage where the capital will be repaid from the tax-free cash sum that can be received from the pension fund at maturity.


	*we do not provide investment or pension advice, however we can refer you to our professional associate who specialises in this area if required.


	We do not charge a fee for our insurance services. We do not normally charge a fee for mortgage advice, however as we are independent a fee paying option is available. Our typical fee is £99.00.


	YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

	Emery Mortgage & Insurance Services is an Appointed Representative of H. L. Partnership Limited which is authorised and regulated by The Financial Services Authority. Emery Mortgage & Insurance Services are entered on the Financial Services Register (http://www.fsa.gov.uk) under reference 414055 and H. L. Partnership Limited is entered on the register under reference 303397.

		The guidance and/or advice contained within this website is subject to the UK regulatory regime & is therefore primarily targeted at consumers based within the UK.

		Copyright © 2006 Emery Mortgage & Insurance Services. Proprietor - Rob Emery CeMAP. Emery Mortgage & Insurance Services are not responsible for external websites.

		Registered Correspondence Address - 5 Champernowne Crescent, Ilfracombe, North Devon EX34 9PL. You can e-mail us by clicking here.

		*Home visits, including evening appointments, are available in Ilfracombe, Braunton, and Barnstaple and their surrounding areas. If you are not in any of these areas we would be happy to provide our range of of mortgage and insurance services to you over the phone. Please contact us if you would like to arrange a no obligation appointment.




	click for details...

	Mortgages Lifetime Mortgages Conveyancing Loans Mortgage Payment Protection Home Insurance Life & Critical Illness Income Protection Funeral Plans Equity Bonds Savings Investments Let Property Insurance