Majestic
Mortgage Services Mortgage Brokers / Providers
Majestic
Mortgage Services Mortgage Brokers / Providers
Majestic
Mortgage Services provide Low cost mortgages for private purchases
and first time buyers
Why
apply for a Majestic Mortgage Services Mortgage now?
Whatever stage you are at with your house purchase it is important
that you know how much you can afford as early as possible.
By applying now, even if you have yet to start looking in
earnest, you will know what price bracket you should be looking
at. Furthermore if you have an 'Agreement In Principle' in
place early on this can speed things up for you when you find
the house you want and lessen the possibilty of you missing
out.
What
is the difference between a Repayment and Interest Only Mortgage?
There are two main types of mortgage:- Capital Repayment and
Interest Only. A Capital Repayment Mortgage means that you
repay the 'loan' over a period of usually 25 years. An Interest
Only mortgage means you are paying off the interest accrued
only whilst paying into a Savings/Life Insurance policy (often
referred to as an endowment) at the same time. At the end
of the 25 years the Savings Policy is used to pay off the
intitial loan. Which type you choose is very much down to
personal preference and both have their advantages. Majestic
Mortgage Services can advise you on this.
There
are also different types of offers on mortgages, for instance
fixed rate, low start (where you pay a reduced rate for the
first few years) and others. Majestic Mortgage Services will
advise you on the various offers we have available to you
and help you choose that which is most suited to your needs.
What
if I have credit issues?
Majestic
Mortgage Services can help you whatever your credit history.
Fill out the online application form and if there's anything
you're not sure about you can phone them.
How
much can I borrow?
This will depend very much on your personal circumstances.
A rough guide for a couple is 3.5 times your joint income,
but Majestic Mortgage Services will advise you on this.
For
further information on a Majestic Mortgage Services Mortgage
visit the Majestic Mortgage Services website.
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