Capital and interest, interest only, fixed, variable or flexible? How much do you need and how long for? Which type of mortgage would suit you, your home and your pocket? These days there are almost as many options available to you as there are different places to live and each requires careful consideration. That's where we come in.

How to feel right at home with your mortgage

Many people like the certainty and simplicity of a capital repayment mortgage. Here the payments you make to the lender every month clear the loan capital and the interest, paying it all off by the end of the term.

Others prefer an interest only mortgage, sometimes mistakenly called an 'endowment mortgage', because they are intended to be repaid by the proceeds of an endowment policy - these days they are repaid in a variety of ways including ISA’s, pension tax free cash, etc. Under these schemes you only repay the interest on a monthly basis, the capital is paid back at the end of your mortgage by whatever investment vehicle you have chosen, subject to it having grown sufficiently.

However, with employment trends and family lifestyles evolving all the time, the traditional mortgages highlighted above might not offer the flexibility you'd prefer. That's why 'flexible' mortgages came to fruition; they allow you to make overpayments and underpayments as your life and work dictate, so you can better cope with factors like contract working or self employment.

Please note that your home may be repossessed if you do not keep up repayments on your mortgage.

For a FREE, confidential and no-obligation discussion, please call us on 020 3603 5910, or e-mail info@coloma-wealth.com