Buy To Let Mortgages UK

A buy to let Mortgage is used for the purpose of buying a house and then renting it to private tenants. The Advantages of Buy to Let Mortgages are: Create a regular monthly income which is hopefully higher than monthly mortgage payments and costs Create an opportunity for Equity Growth. The UK housing market has …

Commercial Mortgages

Have you always wanted to own a pub or restaurant? Do you need to relocate an office or factory and want to own the premises? If so a commercial mortgage may be the answer to raising the extra funds you need. Below is a selection of the types of commercial mortgage that may help fund …

Cashback Mortgage

A Cashback mortgage is a type of mortgage where a borrower gets the funds to buy a house but also a cash lump sum. This can be up to 6% of the cost of house. For example if you borrow £100,000 to buy a house. You could take out a mortgage for £106,000 so you …

Guide to Capped Mortgages

Similar to a Fixed Rate Mortgage is a Capped or Collar Mortgage This is a combination of a fixed and variable mortgage. It means that if the bas rate rises your mortgage rate won’t go above a certain level. However if the base rate falls you can benefit from a reduction in your interest payments. …

Guide to Flexible Mortgages UK

Flexible mortgages are designed to allow variations in the amount people pay in their monthly repayments. For example most flexible mortgages allow borrowers to pay more back, thus enabling you to pay of the mortgage early. Also flexible mortgages often allow scope for a payment holiday. This is when with the agreement of your lender, …

Mortgage Cycling

Mortgage cycling is a way home owners can use to try and pay off their mortgages early. By making extra payments and paying off your mortgage early you can save yourself many thousands of £s in interest payments. The basic principle of mortgage cycling is to have a flexible mortgage where you are able to …

Repayment Mortgages in UK

Repayment mortgages are the most common form of mortgage loans. A repayment mortgage means that you pay both interest payments and capital repayments. At the end of your mortgage term it means you will have paid off your mortgage debt In the beginning of your mortgage term the majority of your mortgage payments will be …

Guide to Joint Mortgages

A joint mortgage is when people group together in order to get a mortgage. This is becoming increasingly popular due to the rising house prices and the difficulty first time buyers have of getting on the property ladder. If you would like to proceed with a friend or partner there are various things to consider …