DWM Mortages
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01803 526 171

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0800 0149 370

INDEPENDENT
MORTGAGE ADVISOR

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Mortgage calculation is an estimate subject to your credit rating. This calculation is not a mortgage offer.

Mortgages

When you take out a mortgage, we’ll need to think about the repayment method, interest rate and special features of some mortgages. The best mortgage for you will depend on your circumstances - so it's important for us understand your options.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Repayment Methods

There are two main ways you can pay off your mortgage. These are called 'repayment' or 'interest only'.

Repayment mortgage

With a repayment mortgage you make monthly repayments for an agreed period (the term) until you've paid back the loan and the interest.

Interest only mortgage

With an interest only mortgage you make monthly repayments for an agreed period but this will only cover the interest on your loan. You'll also have to pay into another savings or investment plan that'll pay off the loan at the end of the term.

Interest rate deals

As well as deciding on your repayment method, we'll need to look at the interest rate deals on offer, for example:

Standard variable rate

With a standard variable rate (SVR) mortgage your payments go up or down according to the lender's standard interest rate. This is an interest rate that is set by individual lenders and is not directly linked to the Bank of England's base rate.

Standard variable rate with cashback

With these deals you get a cash lump sum as well as the loan when you take out the mortgage. You're usually tied into the variable rate for a set period.

Discounted rate

You pay a lower interest rate to begin with then move to another rate (usually the lender's standard variable rate) after a set period.

Tracker

Tracker rates are linked to the Bank of England rate or some other 'base rate'. This means they'll always go up or down in line with changes to the base rate.

Fixed rate

You pay a fixed rate of interest for a set period, so you know exactly what you'll be paying each month during that time. When the fixed period ends, you'll usually move to the lender's standard variable rate. There are usually penalties if you pull out early.

Capped or cap and collar

With a capped rate you pay a variable interest rate, but there's a ceiling so your payments won't go above a certain amount for a set period. Some deals include a collar too - this is the lowest rate you'll get. If interest rates fall below the collar, you'll lose out.

We don’t usually charge a fee because we receive commission from the lender. However, you could choose to receive the commission and pay us a fee instead, which would typically be 2% of the loan. So for a £100,000 mortgage, our fee would be £2,000.

Mortgage News Feed

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If youre looking at mortgages in Devon and would like mortgage advice in Devon from the whole market, speak to a mortgage adviser at DWM Mortgages Devon

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In a recent survey, the most important attribute client want to see in their mortgage adviser is trust.

Trust DWM Mortgages Devon with your mortgage advice in Devon. We wont let you down.

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If youre looking for a mortgage broker in Devon who offers independent mortgage advice, speak with DWM Mortgages Devon today

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If youre looking for a mortgage broker offering independent mortgage advice speak with DWM Mortgages today

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If youre looking for a specialist buy to let mortgage broker in Devon DWM Mortgages Devon are the mortgage brokers for you. With access to the whole market and specialist buy to let lenders, DWM Mortgages Devon are the mortgage brokers for you!

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If youre looking for a specialist buy to let mortgage broker, DWM Mortgages are the Mortgage Brokers for you!

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If youre looking for a mortgage broker in Devon with the best mortgage interest rates, speak to DWM Mortgages Devon today!

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Taking out a mortgage will probably be the biggest financial commitment you ever make so make sure that you get advice from an independent mortgage broker in Devon

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Important

The information contained in this web site is for general information only and is not financial advice.
If you would like to discuss a particular issue please feel free to contact us and we will be happy to talk with you about your specific situation.
Please contact us via the details on this website.
Not all mortgages are regulated by the Financial Conduct Authority.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

DWM Mortgages is a trading style of Lifetime Wealth Limited which is authorised and regulated by the Financial Conduct Authority. FCA Number 779040. Head Office: Floors 1-3, 28 Victoria Street, Paignton, TQ4 5DN.

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