Mortgages

We are Authorised and Regulated by the Financial Services Authority (FSA) and are able to provide fully independent advice.

Our Financial Advisers have a wealth of experience in the financial services arena and are able to provide you with fully independent advice in all aspects of financial planning.

Mortgages from Hencilla Canworth

As Independent Financial Advisers we are ideally placed to offer advice and assistance in this area.

We have access to all lenders and the schemes they offer the choice is almost overwhelming.
Technology helps us in sourcing the most appropriate deal for you based on your individual needs, whether this is for a capped, fixed or discounted scheme.
We will also advise which of the following bases the mortgage should be on

• Capital and Repayment
• Endowment
• ISA
• Pension

Captial and Repayment

This is where repayment is made of both interest and capital during the term of the loan, typically 25 years. In the early years the repayments are mainly of interest with the balance changing in the later years. If you would like us to contact you with regard to either a new mortgage or are considering re-mortgaging for a better deal please e-mail or telephone us on 020 8686 5050.

Endowment

With this type of mortgage only the interest is paid to the lender during the term of the loan.
Money is also saved on a monthly basis into a savings plan, commonly called an endowment.
At the end of the term the endowment matures and aims to pay of the original amount borrowed and, potentially, provide an additional lump sum. However, there is no guarantee that this type of plan will produce sufficient funds at the end of its term to pay of your mortgage. The returns are dependent upon the investment performance of the fund or funds you choose to invest in .

The endowment policy will also include life cover and usually also includes critical illness as well. There is an element of risk associated with endowment mortgages that does not exist with a capital and interest mortgage.

ISA

These operate in a similar fashion to endowment policies but with tax advantages. However, there is no guarantee that this type of plan will produce sufficient funds at the end of its term to pay of your mortgage. The returns are dependent upon the investment performance of the fund or funds you choose to invest in. Life and critical illness protection usually has to be bought separately.

If you would like us to contact you with regard to either a new mortgage or are considering re-mortgaging for a better deal please e-mail or telephone us on 020 8686 5050.

Pension

Again, these work in the same way as endowment and ISA mortgages in that only the interest is paid to the lender during the term of the mortgage.

At retirement, the tax free sum is used to repay the amount outstanding. The maximum amount of tax free cash that can be taken to pay off the mortgage is limited 25% of the accrued fund. Life and critical illness cover needs to be purchased separately.
If you would like us to contact you with regard to either a new mortgage or are considering re-mortgaging for a better deal please e-mail or telephone us on 020 8686 5050. Your home may be repossessed if you do not keep up repayments on your mortgage.