Financial Planning

Repayment

How does it work?

You borrow a lump sum over a fixed period of time (usually 25 years but can be shorter or longer). You pay the interest and some of the capital on a monthly basis to the lender.

ADVANTAGES:

Some flexibility with repayments.
The only way you can be 100% certain the loan will be repaid, providing repayments are maintained.

DISADVANTAGES:

Monthly mortgage payments may be higher than interest only mortgages covered by an investment/life assurance to repay the capital.
Only a small amount of capital is paid off in the early years as the monthly mortgage payment consists of a higher proportion of interest to capital repayment.

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

Mortgage & Equity Release
Mortgage Calc

Ian Lees & Co. Asset Management is Authorised and Regulated by the Financial Services Authority.

Ian Lees & Co. Asset Management is entered on the FSA register (www.fsa.gov.uk/register/) under reference 184792

The FSA do not regulate National savings products, loans, Will writing and some forms of mortgage, offshore funds and inheritance tax planning.

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

Ian Lees & Co. Asset Management
59 Watling Street, St Albans, Hertfordshire, AL1 2QF

Tel: 01727 833857Email: enquiry@ianleesassetmanagement.com