W J Meade

Mortgage Advice

  • home
  • /
  • Mortgage Advice

Mortgage Advice

property image

What is a mortgage?
A mortgage is a loan taken out to buy a property. Most mortgages run for 25 years, however the term can be shorter or longer. It is secured against your home until it is paid off; this means that if you can’t keep on top of your repayments, the lender can repossess your home and sell it so that they can get their money back.

Where can I get a mortgage? There are a variety of ways to apply for a mortgage; from a bank, building society, or use a mortgage broker to advise on different mortgages available on the market. At W J Meade, we have a special partnership with Robert Sterling Financial Services. Each of our offices has a dedicated mortgage advisor, always at hand to offer you the latest advice and able to find the perfect mortgage just for you.

What can I afford?
Check out our mortgage calculator at the bottom of the page to give you an idea of what you can afford. Please remember this is merely a guideline; you need to think about the other costs involved of running a home. These include; household bills, council tax and insurance.

Mortgage lenders will want to see proof of your income, if you have any debts and proof that you will be able to keep up the repayments if interest rates rise.

property image

Mortgage Calculator

Mortgage Amount
(Enter numbers only)

Interest Rate
(Per Annum: Enter numbers and dot only)

Terms of Mortgage

(Years: Enter numbers and dot only)

Stamp Duty Calculator

Purchase Price
(Enter numbers only)

Is this a single property?

Is this a buy-to-let or second home?

Are you a first-time buyer?