A mortgage is loan used to buy property, the property acts as security for the debt. Mortgages are usually the biggest financial commitment most people make, so it’s important to get the right advice.

Mortgages are offered by banks and building societies and some specialist lenders and obviously if you wanted to contact them all individually they would be happy to tell you what they could offer you, but imagine how many you would have to contact to get a true picture of who would offer you the most competitive mortgage that meets your needs. This is why using a mortgage broker to help you in your search, will ensure you have searched the market quickly and easily.

How much can I borrow?

Finding out how much you can borrow is the first step to finding your dream home. This is calculated based on your income, outgoings, and credit history to ensure that borrowers can comfortably afford repayments now, and in the future.

Our team of mortgage advisers will help guide you through this process, using their extensive knowledge of the market and understanding of each individual lender’s criteria. Their experience working with a range of lenders means they will be able to present your application in a positive light, reducing time and stress for you.

Book a free appointment First time buyer mortgages

Mortgage Repayments

There are three options for making mortgage repayments, with repayments made payable in the form of monthly instalments. Your mortgage has two parts – capital (the money you borrow), and interest (the charge made on the amount you owe).

Repayment mortgages allow you to pay back both capital and interest each month over a set amount of time, known as the term. A mortgage balance on a repayment mortgage gets smaller every month, until the mortgage is fully paid off at the end of the term.

Interest only mortgage you only pay the interest charged on the loan. Generally, the monthly repayments are lower, while the capital sum remains the same throughout the term of the mortgage. You will have to pay back the capital at the end of the mortgage term – your lender will make sure there is a repayment strategy in place to ensure you can make all payments.

Part-Repayment, Part-Interest Only Mortgages offer the mortgage on a part-repayment, part-interest basis. As with an interest only mortgage, at the end of the term, there will be some capital to pay back.

Book a free appointment Mortgage calculator

What type of mortgage are you looking for?

First time buyer mortgage

The prospect of buying your first home could be both daunting and confusing. Our aim is to guide you through the transaction from…
First time buyer mortgage

Home mover mortgage

Moving home can be one of the most stressful life events, with so many different things to think about. To add to that, over the…
Home mover mortgage

Remortgaging mortgage

Remortgaging is the process of switching your existing mortgage to another mortgage lender, usually to lower the amount you’re…
Remortgaging mortgage

Why choose Mortgage Advice Hut?

Exclusive deals

We are not tied to any particular lender;we also have access to exclusive deals that are only available through some mortgage brokers.

We make mortgages simple

At Tarleton Mortgage Centre our role is to make the job of you choosing and applying for a mortgage as simple and as straight forward as possible whilst also ensuring you get the most competitive mortgage deal.

Virtual or face to face appointments

We are based in Tarleton, Lancashire, but provide mortgage advice to individuals, couples and families nationwide. We offer both face-to-face and in-person appointments.

5-star service

We're proud to have a 5 star rating from our customers, if you're looking for a mortgage advisor you can trust for independent mortgage advice then call Morgage Advice Hut today on 01772 846147 or alternatively use our online diary to arrange an appointment.

Book a free, no-obligation mortgage appointment

Offering daytime, evening and weekend appointments at a time convenient for you. You can arrange your appointment with a qualified broker by using our online diary or calling us on 01772 846147.

Book a free appointment

A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME OR PROPERTY. YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.

You may have to pay an early repayment charge to your existing lender if you remortgage.

Introduction To Mortgages

Mortgages are usually the biggest financial commitment most people make, so it’s important to get the right advice.