Residential Mortgages

We navigate the complex world of mortgages so you can focus on what matters most – finding your perfect home.

Residential Mortgages - Expert Mortgage Advice for Every Step

With access to the Whole of the market, we are here to guide you and help to make sense of a huge marketplace and get the best outcome for your plans.

purchasing a property in Worcester

What is a Residential mortgage?

A residential mortgage, in simple terms, is a long-term loan that helps you finance the purchase of a property you intend to live in. It’s essentially an agreement between you (the borrower) and a lender (like a bank or mortgage company) where they lend you a large sum of money upfront to buy the property, and you agree to repay them over a set period, with added interest.

Here’s a breakdown of the key features:

  • Purpose: Financing the purchase of a primary residence (a home you live in). Cannot be used for investment properties or commercial spaces. See Buy to let mortgages or Commercial mortgages.
  • Repayment: Paid back in monthly instalments that include both the principal amount (original loan) and interest.
  • Security: The property itself acts as collateral. If you fail to make repayments, the lender has the right to repossess and sell the property to recoup their losses.
  • Mortgage rate types: Various options exist like fixed-rate (interest rate stays the same), tracker (interest rate fluctuates) etc.

Meet Your Trusted Mortgage Advisers

We are a team of experienced and qualified mortgage advisers who are passionate about helping our clients achieve their homeownership goals. We understand that the mortgage process can be overwhelming, so we are here to guide you every step of the way.
Our advisers understand the landscape and our customer support team help you to navigate the process to support you in securing your dream home.

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Ready to Get Started? Contact Us Today!

We are here to answer your questions and help you achieve your homeownership goals.

Contact us today for a free consultation!

 

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

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Financial advisory in Worcestershire and Kent

Based in Droitwich Spa, we’ve proudly supported clients of all ages since 2004. The opening of our second office in Sevenoaks allowed us to extend our bespoke financial services even further, making SN Financial a trusted financial adviser for individuals, couples, families and businesses across Worcestershire, Kent and the rest of the UK.

Droitwich Office

5 Saltway, Droitwich, Worcestershire, WR9 8LB
01905 779697

Sevenoaks Office

46 Holly Bush Lane, Sevenoaks, Kent, TN13 3TL
01732 926255