Registered Office Address:

Housemartins Independent
Estate Agents Ltd.

Estate Agents Ltd
37 Plough Way
Surrey Quays
London
SE16 2LS

Tel: 020 7231 5656
Fax: 020 7231 0535

Housemartins Brockley

The Tea Factory
100-106 Endwell Road
Brockley
London
SE4 2LX

Tel: 0208 691 9649

Company Number: 3866296

Interest

Interest is a payment due in exchange for the loan of money. The rate of interest may be varied under the terms of most mortgage agreements. Sometimes the interest will be calculated on the annual balance outstanding, which is slightly different to the annual percentage rate. Ask your financial adviser to explain how the various lending institutions quote the equivalent APR.

As interest rates change the amount due as the mortgage repayment may vary. Some lenders notify every borrower of every change – which can be an expensive process when rate changes are more frequent. Some have opted to make annual adjustments, or specify variable direct debiting as the only acceptable repayment method.