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Welcome to ATM Orchard

Experts in the Mortgage Market


Mortgages are one of the largest single transactions in most people’s lives. Buying a property can be a stressful and time-consuming experience; nowadays the financing of a mortgage is a case of finding and selecting the most suitable mortgage, rather than simply accepting a lender’s offer.

Banks, building societies and smaller niche lenders compete for your business, all offering a variety of interest rate deals, associated fees and other enhancements to attract borrowers.

The two main methods of repaying a mortgage are repayment (capital and interest) and interest only. It is also sometimes possible to set this up using a combination of the two. A description of these methods is provided below.

Repayment (capital and interest) method

Under the repayment method your monthly repayments consist of both interest and capital and, over time, the amount of money you actually owe will decrease. In the early years, your repayments will be mainly interest, so the capital outstanding will reduce slowly at the start of the mortgage.

This method ensures that your mortgage is repaid at the end of the term, providing all payments are made on time and in full.

Interest-only method

As the name suggests, you will only pay the interest on the amount borrowed and none of the capital, so the capital is still outstanding at the end of the term, Therefore you will usually need to take out some kind of investment policy to save up enough money to repay the mortgage at the end of the term.

Traditionally, the preferred product for repaying the capital of an interest-only mortgage was a mortgage endowment policy (which included a set amount of life cover). Customers now tend to use Individual Savings Accounts (ISAs) and pensions to build up a sufficient sum and to take advantage of the tax breaks offered by these products.

The information within this article is purely for information purposes only and does not constitute individual advice.

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

Question and Answers

What can a Mortgage Advisor Offer Me

Choosing a mortgage advisor can offer several advantages when navigating the complex process of obtaining a mortgage in the UK. Here are four reasons why you might opt for the assistance of a mortgage advisor

We are specialists in our field, possessing in-depth knowledge of the mortgage market, various mortgage products, and lender criteria. We can provide expert guidance tailored to your individual financial circumstances and homeownership goals. Whether you’re a first-time buyer, a seasoned homeowner, or looking to re-mortgage, a mortgage advisor can offer valuable insights and advice to help you navigate the process with confidence.

We have access to a broad network of lenders, including high street banks, building societies, and specialist mortgage providers. This access enables us to compare a wide range of mortgage products and interest rates from different lenders to find the most suitable options for your needs. We can also help you navigate any specialized mortgage products, such as government-backed schemes that you may not be familiar with.

Applying for a mortgage can be a time-consuming and complex process, involving paperwork, financial assessments, and negotiations with lenders. By enlisting our professional help, you can streamline the process and save time and effort.

At ATM Orchard we provide personalised advice and support tailored to your unique circumstances. We take the time to understand your financial situation, homeownership goals, and lifestyle considerations before recommending suitable mortgage options. Advisors can also offer valuable insights into factors such as affordability, repayment options, and long-term financial planning to help you make informed decisions about your mortgage. Additionally, they can provide ongoing support throughout the mortgage process, from initial consultation to completion, ensuring a smooth and successful experience.

01229 770001
ATM Orchard Investments The Orchard, Kingsland Road, Millom, Cumbria, LA18 5BP

Lakenwest Ltd trading as: ATM Orchard Investments is registered in England and Wales no. 6330196. Registered office, The Orchard, Kingsland Road, Millom, Cumbria, LA18 5BP.

Lakenwest Ltd is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference 472648.

If you wish to register a complaint, please write to or telephone 01229 770001

A summary of our internal complaints handling procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at or by contacting them on 0800 0234 567.

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