Sometimes people get into debt through no fault of their own. There are now several lenders who cater for people in this situation.
Mortgages
Not only do you need to consider which mortgage is most suitable for your current needs and circumstances, you also need to think about which interest rate options are most likely to suit your needs. This section has information on the various types of mortgage product which are available.
Most Buy-to-Let Mortgages are not regulated by the Financial Conduct Authority.
Your property may be repossessed if you do not keep up repayments on your mortgage.
We will charge a fee for our advice service which will depend on what mortgage you need, your financial circumstances, and the complexity of what you want. The amount of fee will be between £0 and £899. For example, if your mortgage was £250,000 the maximum fee you would pay would be £899.You need to pay the fee when you complete on your mortgage. Any fee paid is non-refundable.We will also be paid a procuration fee by the lender. You will be told how much this is when we give you the mortgage illustration. You can ask in advance the percentage (of the loan) each lender will pay us.If an application is submitted via a third-party specialist (sometimes called a packager) we will be paid commission by them instead of the lender. This will be disclosed to you.
Your property may be repossessed if you do not keep up repayments on your mortgage.
We will charge a fee for our advice service which will depend on what mortgage you need, your financial circumstances, and the complexity of what you want. The amount of fee will be between £0 and £899. For example, if your mortgage was £250,000 the maximum fee you would pay would be £899.You need to pay the fee when you complete on your mortgage. Any fee paid is non-refundable.We will also be paid a procuration fee by the lender. You will be told how much this is when we give you the mortgage illustration. You can ask in advance the percentage (of the loan) each lender will pay us.If an application is submitted via a third-party specialist (sometimes called a packager) we will be paid commission by them instead of the lender. This will be disclosed to you.
These types of mortgages are designed for property investors and private landlords, who do not intend to live in the purchased property but will let property to tenants.
With an Offset Mortgage you can potentially reduce the amount of interest you pay by offsetting a credit balance against the mortgage debt. This article explains further.
People buying their first home often have specific needs when it comes to finding a mortgage. A range of mortgages exists specifically for this market sector.
A flexible mortgage is a product that can make the traditional British mortgage with its fixed and inflexible payment schedule over a fixed term, such as 25 years, look like a bit of a dinosaur. This short guide explains why a flexible arrangement may benefit you.
Remortgaging means switching your mortgage to another deal with another lender without moving property.
The main difference between a self build mortgage and a house purchase mortgage is that with a self build mortgage money is released in stages as the build progresses rather than as a single amount. This short guide explains further.