Mortgages
A mortgage is often one of the largest financial commitments most people make. At NBS Financing Broker EST, we understand that buying a property can be both exciting and stressful. That’s why we’re here to help you find the right mortgage option tailored to your needs, rather than simply accepting the first offer.
With banks, building societies, and specialist lenders all competing for your business, NBS Financing Broker EST helps you compare different interest rates, fees, and additional features to secure the best deal.
There are two primary ways to repay a mortgage: repayment (capital and interest) or interest-only. You can also combine the two methods. Here’s a brief overview of each option:
Repayment (Capital and Interest)
With this method, your monthly payments cover both the interest and the loan amount. In the early years, most of your payment will go towards interest, meaning the amount of debt decreases slowly at first. Over time, more of your payments go toward repaying the capital. As long as all payments are made on time and in full, your mortgage will be paid off by the end of the term.
Interest-Only
In an interest-only mortgage, your payments cover just the interest, so the loan amount (capital) remains the same throughout the term. By the end of the mortgage period, you’ll need a separate plan to repay the outstanding balance, such as an investment or savings plan.
At NBS Financing Broker EST, we help you explore the best options to save for the repayment of the capital. Historically, endowment policies (which included life insurance) were popular for repaying the capital on interest-only mortgages. Nowadays, many people use Individual Savings Accounts (ISAs) or pensions to build the necessary funds, benefiting from the tax advantages these options provide.
Protection
At NBS Financing Broker EST, we understand that financial products can be invaluable when it comes to protecting what matters most—your family, your income, and your property.
While it may be uncomfortable to consider insuring against events like sickness or death, having the right protection in place allows you to set financial concerns aside during emotionally challenging times. The peace of mind that comes from knowing your loved ones are secure is priceless.
There are various ways to safeguard your family’s future, and with the wide range of products available, there’s usually a policy to fit most circumstances and budgets. At NBS Financing Broker EST, we’re here to help you explore the options and find the protection that suits your needs.
We offer guidance on many types of protection to help you maintain your family’s standard of living when you need it the most. Click on the different protection options in the main menu to learn more.
General Insurance: Protecting Your Home
At NBS Financing Broker EST, we know that protecting your home, whether you rent or own it, is essential. There are two main types of home insurance to consider: buildings insurance and contents insurance. Buildings insurance protects the structure of your property, while contents insurance covers your furniture, appliances, clothing, and personal possessions.
Whatever type of property you live in, even if it’s ‘non-standard,’ NBS Financing Broker EST can help you find the right cover. We’ll ensure you have the proper protection for your home and its contents.
It’s easy to underestimate how much your belongings are worth. Your technology and electrical items alone, such as laptops, smartphones, and tablets, could amount to thousands of pounds. These small yet costly gadgets are vulnerable to damage or theft. Take a moment to consider: how much would it cost to replace everything in your home?
While we all hope accidents, fires, burglaries, and other mishaps won’t happen to us, the reality is that these events are not uncommon. Although it may be tempting to skip home insurance, doing so could end up being a costly mistake.
The good news is, NBS Financing Broker EST is here to help you find the right coverage, ensuring peace of mind for you and your family.