What Mortgage

AAG’s mortgage analysts will be happy to spend time explaining the mortgage process and the variety of options available.

Capital Repayment Mortgages

During the early years, the payments you make are nearly all interest and only a small amount goes towards paying off the actual capital borrowed. As time goes by the outstanding loan reduces - this has the effect of reducing the interest payable and in turn allows the capital to be repaid faster.

Interest-Only Mortgages

Here, no repayment of capital is made during the term of the mortgage, with monthly payments representing interest only. In order to repay the loan, you would need to save separately. There are some circumstances where the lender will insist upon the borrower nominating a method of saving for repayment, however this is unusual. Common methods are ISAs, Personal Pension Plans and (formerly) Endowment Policies.

Managed Currency Mortgage

A specialist currency management group will monitor and switch the underlying currency of your loan directly with your lending bank, with the objective of achieving a reduction in both the amount of your debt and the amount of your interest rate payments.

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