Mortgages Made Simple | Cross Point Financial
A mortgage is likely to be the single largest financial commitment you ever make. There's a wide range of mortgage products out there, with varying interest rates and repayment options available. It can be difficult to know which is best for you.
Whether you are looking for first time buyer mortgage advice, advice on remortgaging, or something else, Cross Point Financial is on hand to help. We strive to support all our clients in buying a home, wherever we can.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
An offset mortgage enables you to use your savings to reduce your mortgage balance and the interest you pay on it.
For example, if you borrowed £200,000, but had £50,000 in savings, you would only be paying interest on £150,000.
Offset mortgages are generally more expensive than standard deals, but can reduce your monthly payments, whilst still giving you access to savings.