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How do Mortgages work?

A mortgage is a loan to buy your home.  You borrow money and pay it back with interest over a period of time (the ’mortgage term’) that you agree with the lender – usually a bank or building society.

The loan is secured against your home so if for any reason you are unable to repay it, the bank or building society can sell you home to get its money back.

Contacts

Simply Mortgages
62 High Street
Bangor
Gwynedd
LL57 1NR

Tel: 01248 371088

Email:
gwyn@simplymortgages-uk.com
sally@simplymortgages-uk.com

Legal disclaimer

Simply Mortgages is authorised and regulated by the Financial Conduct Authority.
Your home may be repossessed if you do not keep up repayments on your mortgage. Some Buy To Lets are not regulated by the Financial Conduct Authority.