A residential mortgage is a long term loan taken out by someone to buy a home to live in. The amount borrowed set against the value of the property is the loan to value.
Interest is the cost of money a lender charges for lending you money. It is charged as a percentage rate against the value of your debt.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH REPAYMENTS ON YOUR MORTGAGE.
Mortgage Offer Ltd is an appointed representative of Beneficial Life (London) Ltd, which is authorised and regulated by the Financial Conduct Authority, FCA number 736655. Mortgage Offer Ltd is authorised and regulated by the Financial Conduct Authority, FCA number 812561. Company registered in England and Wales, registration number 11394527.