Mortgage Information

When you encounter the mortgage market, it’s a confusing experience. There’s much use of terms like capping, repayment mortgages, trackers, APRC and a whole host of other bewildering jargon. But when you’ve grasped the basics, mortgages really aren’t so hard to understand, as this guide aims to illustrate.

Capital vs Interest

There are two essential components to any mortgage. The first is the capital, this being the sum of money you borrow to buy your new home. The second component is the interest, which is the money charged by your mortgage lender as payment for the service of providing the capital.

Capital is quoted as a fixed sum of money, whereas interest is always charged at a percentage of the amount borrowed. This percentage is known as the interest rate. Since it’s the interest rate which accounts for most of the cost of taking out a mortgage, it’s important to secure a deal that represents good value to you.

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Mortgage Repayment Schemes

The first thing you should think about before applying for a mortgage is the kind of repayment scheme you prefer. You have two choices: put your monthly repayments towards paying off the interest and the capital, or just repay the interest. If you choose an interest-only mortgage you’ll need to work out how to repay the capital, which will become due at the end of your mortgage term.

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At Zing, we’re here to help you throughout your mortgage application. From your first enquiry through to completion - we’re here to make the whole process easier for you.
03332 414 113
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What our clients say
Efficient and Excellent Experience
1st time buyers and they made the whole process really easy from start to finish. Kept us up to date throughout and answered any questions we had strait away. Thank you Zing
Rion in Sevenoaks
Best choice we made
Gary was patient & understanding when dealing with our mortgage. Ellie was brilliant with weekly updates that increased to daily as we neared completion. Can't thank the team at Zing enough, would recommend to anyone.
Julie in Southend-On-Sea
Great service
Great service from start to finish. Lee was very knowledgable and got us the deal we where looking for. Was kept informed and he was always available, or called us back. Would highly recommend.
Brian in Ware
Very nice service I will recommend it to my friends and if I need will use again. Very big thanks for Ian.
Good overall service
We have used zings services for a number of years now and have always been very happy with there services, although we had a bit of a slow start this time everything was completed well and would recommend them again for the future.
Steve in Essex
Would recommend
They chased the solicitors continuously for what was a long tome! They kept me up to date throughout which I really appreciated
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