A scheme is the way you wish your mortgage to be calculated over the shortest term (i.e. 2 - 5 years). You would normally choose a new scheme at the end of this period, with either the same lender or a new one, depending on your situation.
Schemes Available:
- Fixed
- Capped
- Discounted
- Tracker
- Variable
- Flexible / Offset
This is how you pay your mortgage over the long term (i.e. 25 years).
There are three main options:
- Capital and interest
- Interest only
- Investment backed
With all the different types of mortgages that are out there, it can often be a daunting task to try and find the best and cheapest option to suit you.
At Stewart Financial Solutions Ltd we are mortgage and insurance specialists and after taking some details about your current and future financial situation, will then be able to advise you on all the schemes and payment methods available to you. At this stage we will also make a recommendation of what we feel will meet your needs now and in the future.