Whether it’s your first property or your tenth, our team of independent, expert financial advisors can guide you through the process of buying your property. We’ll help you choose the best product, uniquely crafted for your circumstances, whether buying alone or with others.
Buying a home can be incredibly stressful, so let us help you navigate the complicated market and distill the jargon. We’ll give you clear, expert advice to help you maximize your investment and get the best product for your situation.
121 Financial Advice can help you navigate the products and services mortgage providers offer. We’ll give you independent, expert financial advice to help you make the best choice.
We’ll guide you through the process to ensure you’re getting the right mortgage for your unique personal circumstances.
How do mortgages work?
Mortgages are loans taken out to buy property or land. Most run for 25 years, but the term can be shorter or longer depending on your unique personal circumstances. The mortgage is ‘secured’ against the value of your home or land, meaning that until your mortgage is completely paid off, the lender can repossess your property.
To be clear, if you can’t keep up your repayments, the lender can repossess your property and sell it to recover their money.