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.
Mortgages
A mortgage is likely to be the single largest financial commitment you ever make. There's a wide range of mortgage products out there, with varying interest rates and repayment options available.
Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
A fee of between £250 and £890 of the loan amount payable on completion.The total fee will be based on your personal circumstances, employment record and credit history.We will provide you with written confirmation of your fee prior to the commencement of any chargeable activity.We will also receive commission from the lender.The initial £95 analysis fee is non refundable.The mortgage fee is not refundable should you decide not to proceed with the mortgage once the mortgage offer has been issued.
A fee of between £250 and £890 of the loan amount payable on completion.The total fee will be based on your personal circumstances, employment record and credit history.We will provide you with written confirmation of your fee prior to the commencement of any chargeable activity.We will also receive commission from the lender.The initial £95 analysis fee is non refundable.The mortgage fee is not refundable should you decide not to proceed with the mortgage once the mortgage offer has been issued.
Remortgaging means switching your mortgage to another deal with another lender without moving property.
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 options for overpayment and payment ‘holidays’, a flexible mortgage can make the traditional 25-year British mortgage look rather old-fashioned.