Mortgages

Mortgages

Lets get you navigated through the mortgage maze.

What is a Mortgage?

Mortgages, a word that some people worry about in terms of its potential complexities. 3D Mortgages aim to alleviate any worry surrounding a mortgage. A mortgage is just different terminology for a loan that allows you to purchase the property of your dreams. It is designed to be paid back with interest over a longer period which is dependent on an individual’s circumstances. The money borrowed is secured against the property purchased until repaid, this means if for whatever reason you cannot repay your debt, the bank or building society has the right to reclaim the property and sell it to recoup the money outstanding. However there are ways and means to protect against this happening by the way of financial protection – further details are provided in our protection section.

Repayment Methods

With any repayment method, it needs to be tailored to an individual / couples personal requirements and circumstances and it is important to speak to an expert regarding this – speak to 3D Mortgages today to gain all the relevant guidance. 

There are two primary ways of repaying your mortgage: interest only or repayment.
The simplified explanation to these is that taking a mortgage on repayment means you are paying back the capital and the interest, meaning at the end of the term assuming all payments have been made, the loan will be repaid in full. Interest only means you are only paying interest each month and therefore the balance is not reducing over the term of the mortgage.



Types of Mortgages

This is an area which gets lost in translation. For some this is the most confusing area of discussion and understanding. However keeping things simple, it is a case of either fixing or taking the variable scheme route of which there are various options, from a no thrills Standard Variable Rate all the way to a Tracker product which tracks the Bank of England base rate. 

3D Mortgages will talk you through all the options with you in plain simple terms. However for full clarification we will provide you with our helping hands brochure which provides full information and clarification on all the types of mortgage schemes out there to consider.
Your home maybe repossessed if you do not keep up repayments on your mortgage.

All your Mortgage services, in one place

We offer a wide range of services to meet every type of need and mortgage requirement. We use cutting edge technology to research the whole of the mortgage market, to get you through the mortgage maze with no hassles.
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