With ever increasing levels of competition in the UK mortgage market mortgage dealers are increasingly looking into niche, unconventional mortgages to find a more profitable market. These niche markets are increasingly taking advantage of the difficulty UK first time buyers have in getting a mortgage. New mortgage schemes such as
Interest Only Mortgages
50 year mortgages.
Current ACcount mortgages
All these mortgages are different to the standard mortgage model and often have features to suit both buyers and lenders.
Other mortgage markets such as buy to let also are usually more profitable because they have a higher interest rate than conventional mortgages