Worthing mortgage specialists that offer advice for life
At Private Wealth Mortgages, we build a mortgage strategy that allows residents of Worthing and surrounding areas to purchase the home they want and lead the life they want. We do much more than simply compile a list of options, making sure we get to know each client’s current financial status, lifestyle and aspirations for the future.
We have years of experience helping a wide range of people in Worthing and other areas of Sussex regardless of their income, profession or credit history. Due to how long we have been advising, we are skilled at navigating the mortgage market and liaising with lenders no matter how complicated the case may be.
Offering other property related services is part of our dedication to helping you purchase a property with minimal stress or worry. In addition to mortgages, we can also advise on protection and insurance policies. Plus, contact us for a range of trusted partners who we can recommend for conveyancing, accounting, financial advice or will writing.
Our mortgage services include
So, why should you choose our services?
Being authorised and regulated by the Financial Conduct Authority (FCA) means we’re totally impartial so you can be sure that the mortgage options we provide are suited to you and your circumstances.
Chris and Alastair, Bracknell
Throughout the whole process your team have been nothing but outstanding. A pleasure to deal with in every regard.
Mortgage and Protection Adviser
Mandy started her career working for Nationwide, and brings 25 years of experience to help her clients achieve their plans and goals.
Q: What’s the difference between an interest-only mortgage and repayment?
A: Every mortgage will be made up of the loan amount plus the interest added to the money you borrow. This is the charge that the mortgage company places on your mortgage in return for the loan. In some cases, you will have a choice of an interest-only mortgage or a repayment mortgage. With interest-only, your payments will pay off just the interest, which means you won’t be paying down the capital loan amount. With a repayment mortgage, your repayments are calculated to pay both the interest and your base loan amount.
Q: What is remortgaging?
A: Remortgaging is the name given to the process of changing your mortgage. Most commonly, this takes place when you switch to a new deal with a different lender or renew your existing home loan under new terms. Finding the best loan, rate or repayment terms when switching is like any mortgage selection process. This involves reviewing the interest rates available, assessing how much you want to borrow and looking into how much you can afford to repay. You can even search for suitable options using a remortgage calculator.
Q: What is Equity Release?
A: Equity Release allows you to convert some of the equity you have built up in your home into a regular retirement income or into a lump sum of cash. The equity you have is how much you could sell your home for in the current market less any mortgage or other debt held against it. For later life lending, the term ‘equity release’ is essentially a selection of financial products that are there to help you convert the equity you currently have in a property into money you can use for something else.