Unit A4 Monument View, Summerfield Avenue, Chelston Business Park, Wellington, Somerset, TA21 9ND 01823 669800
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Mortgage advice Somerset
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Mortgage advisors Somerset

Residential Mortgages Somerset

Home » Residential Mortgages » Harrison Financial Services » Mortgage Advisers Somerset

Mortgage Advisors Somerset A secured, or Homeowner Loan as it’s commonly known, is a loan that’s secured against your property. This means that the loan provider will place a second charge on your home, after your first charge which will be your mortgage company.

The money you can borrow is based on the equity in your home. As a Homeowner Loan is a secured loan, you could borrow more money than with a typical unsecured loan.

Secured homeowner loans are available in varying amounts and for many different purposes, including home improvements or exotic holidaysn. The amount borrowed is repaid monthly over a term agreed at the outset, which will usually be between three years and twenty five years. You may be charged a penalty if you repay your loan earlier than agreed.

A little bit about the lenders
Lenders charge interest on the amount you borrow, which is referred to as the APR (Annual Percentage Rate). The amount you can borrow, the term available and the APR offered will all depend upon the equity you have in your property, the lender's view of your ability to repay the loan and your personal circumstances; for example, any adverse credit.

Subject to your circumstances, you may be able to borrow up to 80% of the property value. The APRs quoted by the lender will usually be typical rates. These act as a guide only; the exact rate offered will be on an individual basis. As a rule of thumb, it is advisable to compare APRs from different lenders to determine how competitive they are. 


Residential Mortgages
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With hundreds of mortgages to choose from, it’s essential to obtain professional financial advice to help.
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Buy To Let
Mortgage advisors wellington somerset
Buy to Let is a form of residential investment - you buy a property, usually with the aid of a mortgage, and rent it out.
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Solicitors & Conveyancing

Mortgage advisors Somerset
Harrison Financial Services is pleased to recommend Solicitors to you from our own list of firms.
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Some of the products/services shown above are not or may not be regulated by the Financial Conduct Authority


“Harrison Financial Services were great when I was buying my first house. The whole situation
seemed daunting but everyone at HFS made it a really simple process. My mortgage got approved
and this was only an option with the help and advice of Greg and his team”

Your home may be repossessed if you do not keep up repayments on your mortgage. We normally charge a fee for mortgage advice,
however this may depend on your circumstances. Our typical fee is £395

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Registered in England & Wales, No 06591199
Unit A4 Monument View,
Summerfield Avenue,
Chelston Business Park,
Wellington, Somerset. TA21 9ND

Telephone. 01823 669800

Email. info@harrisonfs.co.uk

Harrison Financial Services is a trading style of G.H. Financial Services Ltd. G.H. Financial Services Ltd is an appointed representative of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority.   Mortgage advisers Somerset
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