A Current Account Mortgage ( CAM ) may combine your mortgage, your
current account, your savings account and even your personal loans and credit
cards into one account. This type of mortgage typically allows over and
under payments, payment holidays and charges interest on a daily basis.
Any account balances you have may offset against your mortgage or
loan accounts, so that the amount or balance that you pay interest on is
reduced.
Current Account Mortgages can be used to your advantage to either reduce
your monthly payment or to reduce your mortgage term (pay off your mortgage
faster). As an example, if your mortgage is £100,000, and you have
a current account balance of £20,000 you will only be charged interest
on £80,000!
It must be noted that current account mortgages may only be beneficial
to clients with appropriate savings account balances to offset. Please ask
your adviser for further details.
The
aim of this service is to introduce UK homebuyers to Independent Advice
on mortgages. With such a large number of mortgages available, it is
important to obtain Independent advice from a qualified adviser who
will work for you, not for any one lender. Your adviser will be able
to provide you with a "Mortgage Agreement In Principle"
- in as little as 24 hours!
Mortgage.gb (UK) introduces to the Park Row group of companies
and other strategic (independent) advice partners. The Park Row group
includes Park Row Associates Limited, an Independent Financial Adviser
who are authorised and regulated by the Financial Services Authority
and Park Row Associates Ltd who are registered with
the Mortgage Code Compliance Board.
Our
other strategic partners have been selected to compliment our association
with Park Row. It will be clear to you which of our partners will
deal with your request at the earliest possible stage
The aim of this service is to introduce people like yourself to an independent mortgage adviser, who can either advise and recommend a specific mortgage deal for you (based on your needs / circumstances) or can offer detailed information on suitable products to help you select the most appropriate mortgage deal available to meet your needs.
The
key to our service is independence. The adviser that you will be introduced to will be fully independent, and as such will review the whole UK mortgage
market to give you the best advice and access to some exclusive deals.
You are under no obligation to proceed.
You
will be instantly notified by e-mail of any additional information
required, using an easy to complete mortgage questionnaire form.
All information will be contained on a secure server, and will remain
confidential between you and your adviser.
We like people to remain in control, so the preferred methods of contact are both phone and e-mail. It can be arranged that an adviser can come to see you in person at your request, but find that most clients prefer to work remotely.
Once
the adviser has obtained the information they require to find you
the most appropriate deal, he / she will source from the entire UK
market using in-house regularly updated mortgage sourcing software.
He / she can e-mail or post recommended product illustrations for
you to look over (or may be available to provide a face-to-face advice
appointment with you).
We
believe the Best Advice is 'Independent' Advice!
Your
home may be repossessed if you do not keep up repayments on your mortgage.
"A
fee may be payable for mortgage advice, depending on your circumstances,
of up to 1% of the loan amount."
