Frequently Asked Questions

How much will my monthly payments be

Your mortgage payments will depend on the following factors:

• the actual amount of the mortgage
• the interest rate applicable to the mortgage
• the term of the mortgage (years over which the mortgage will be repaid)
• whether the mortgage is a repayment or interest only mortgage

A Key Facts Illustration detailing what your monthly payments, will be provided once you have discussed all of the above with us.

Use our Mortgage calculator.

For a quick indication of how much your mortgage might cost you, why not try our mortgage calculator? Just complete the requested information and you will see how much you could expect to pay.

Please note that the calculator will provide figures based on the information you input and is not an indication of the products available to you. The availability of products depends on individual circumstances and the mortgage calculator is only a guide.

Other things to consider.

It is also worth bearing in mind that there will be additional costs involved that you will need to factor in when budgeting for your mortgage. Such as:

• valuation fee, which will be paid to a surveyor who has carried out an independent assessment of the value of the property you intend to buy.
• arrangement fee, this is charged by your lender, when arranging the mortgage.
• solicitor’s fees for carrying out the conveyancing work on your property
• Life Assurance and Buildings and Contents Insurance
  

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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

We offer all our clients a free initial consultation after which a non refundable commitment fee of £95 will be charged with a further £250 payable on completion based on individual client circumstances. We also offer a fee only option whereby we charge a 2% broker fee on the amount borrowed and any commission derived from the lender is rebated back to the client.

The overall cost for comparison is 7.9% APR

Riverside Mortgages Ltd is registered in England and Wales. Registration Number: 5978086