Types of Mortgages & Transactions:

There are different types of mortgages available. This is to suit many different situations / lifestyle requirements. These are some of the most popular mortgages explained. Click on the type for more of an explanation:

An interest-only mortgage is where the lender only charges you interest on the loan you've agreed. You don't pay the capital back until the end of the mortgage term.

The idea of this mortgage is that you pay the interest owed to the lender and save the capital repayments by investing them elsewhere.

The investment plan required to pay off the mortgage usually comes in one of three forms; an ISA (individual savings plan), a pension or an endowment. This investment does not have to be provided by the mortgage lender.

You have no guarantee that you will have sufficient funds to pay off the mortgage at the end of the repayment period, as the investment could perform below that assumed at the start.

Your home may be repossessed if you do not keep up repayments on your mortgage.

For mortgage advice you can choose how we are paid: pay a fee, usually 1% of the loan amount or we can accept commission from the lender
Majestic Finance Plus Limited is an Appointed Representative of Sesame Ltd which is authorised and regulated by the Financial Services Authority.

Sesame is entered on the FSA register (www.fsa.gov.uk/register) under reference 150427.

The advice and / or guidance contained within this site is subject to the UK regulatory regime and is therefore restricted to consumers within the UK