Morgans has access to the whole of the market to find the most suitable rate and mortgage product for your needs. Our rates and information update on a daily basis so we are always able to advise the most competitive mortgages on the market.

– Capital & Interest is the simplest type of mortgage. The payment you make to the lender every month pays off both the capital and interest from the loan. Provided you keep up the payments, you are guaranteed to pay off the loan by the end of the term agreed (usually 25 years). The lender calculates your monthly repayments depending on the amount borrowed, how long for, the interest rate and how the rate you have chosen is set.

– An Interest Only Mortgage is where the lender (usually a bank or building society) only charges you the interest on the loan you’ve agreed. You don’t pay back the capital until the end of the mortgage. The lender may require to know at the outset what the required investment vehicle is so that at the end of term this will be used to pay off the mortgage held. This may be in the form of an endowment policy, NISA, pension pot or additional investments held. Every month you then pay this interest to the lender for the duration of the loan. The lender calculates your monthly repayments depending upon how the rate you have chosen is set. At the end of the loan period, the lender will expect the initial capital they lend you to be repaid in full by whatever means you have arranged.

– The traditional UK mortgage has been with us for many generations. It was designed with the assumption that people had full time employment and could therefore cope with set monthly payments for a specific period. However as many people have discovered, the traditional mortgage does not always cope well with modern employment trends, such as contract working, self-employment, job sharing and part time work. This is where the Flexible Mortgage comes in. It has the facility for both over and underpayment of the mortgage premium built into the mortgage loan terms. What this means is that you can overpay your mortgage when finances allow (eg pay rise, bonus or an inheritance) and then providing you have made overpayments in the past, underpay when finances are tight (eg redundancy or a change in circumstances)

These pages provide generic information about various aspects of financial services and provide some ideas and indicators about possible areas of need. We hope they are helpful but they do not, on their own, add up to proper investment advice and we cannot take responsibility for anything you do in reliance on them without further discussion with us. Do not make a decision based upon the information contained within these pages alone. They are not detailed or comprehensive enough to enable you to make a correctly informed decision.

As a mortgage is secured against your home it could be repossessed if you do not keep up the mortgage repayments.

Morgans is a trading name of The Morgan Law Partnership which is authorised and regulated by the Financial Conduct Authority for Financial Services. FCA Number 427236.

To arrange a free initial consultation please contact us on telephone number 01383 620222, or alternatively you can complete this short form and a member of our financial services team will get back to you as soon as possible…

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What our clients say

A friendly and very efficient service.

Private Client Department - Wills

I can't thank Brian enough for the hard work, effort and for working his socks off to make this possible for me.

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Contact Info

Dunfermline Office
33 East Port
KY12 7JE

Tel: 01383 620222
Fax: 01383 621213

Kinross Office
62 High Street
KY13 8AN

Tel: 01577 863424
We are open from 9.00am to 5.00pm Monday to Friday and from 9.30am to 12.30pm on Saturdays. Appointments outwith normal opening hours can also be arranged if required.

Long stay car parking is available at Walmer Drive car park, approximately 100 yards from our offices.