Buy-To-Let Mortgages
Buy-to-let mortgages are designed for people who want to purchase a property with the intention of renting it out. These mortgages often require larger deposits compared to residential mortgages. They’re a key option for landlords entering or expanding in the rental market.
Bad Credit Mortgages
Bad credit refers to a low credit score resulting from a history of poor credit management, such as missed payments or defaulting on loans. A bad credit mortgage is a type of loan specifically designed for people with bad credit histories.
First Time Buyer/Mover Mortgage
A first-time buyer mortgage is a type of mortgage designed for people who are buying a property for the first time. These mortgages often come with special features and benefits, such as lower interest rates, smaller deposit requirements, and government schemes to help with the purchase.
Remortgages
Remortgaging is the process of switching your existing mortgage to a new one, either with the same lender or a different lender. This can be done for a variety of reasons, such as to get a better interest rate, to release equity from your property, or to consolidate debt.
Right To Buy Mortgages
Right to Buy is a government housing scheme in the United Kingdom that gives eligible tenants of council properties the right to purchase their homes at a discounted price. This enables tenants to become homeowners, build equity, and save on long-term rent costs while investing in property ownership.
Self-Employed Mortgages
Self-Employed Mortgages are tailored for individuals who work for themselves and may have irregular income. Lenders assess affordability using tax returns, business accounts, or bank statements, making it essential for self-employed borrowers to provide clear financial records to secure a loan.
Commercial Mortgages
A commercial mortgage is a type of loan specifically designed for businesses in the UK to buy or refinance properties that are used for commercial purposes, like offices, shops, or factories. It works similarly to a residential mortgage, but instead of buying a home, it helps businesses purchase or invest in properties for their operations.
Mortgage For Professionals
Mortgages for Professionals are specialized home loans designed for individuals in professions like doctors, lawyers, and accountants. These mortgages often offer flexible terms, higher borrowing limits, or preferential rates, recognizing the stable career paths and earning potential of such professionals.
Mortgage Based On Property Types
Mortgages can also be tailored to different types of properties, such as timber-framed property, steel-framed property, properties needing renovation, and those with unique construction materials. Explore articles to learn more about securing the right mortgage for your specific property type.
Foreign National Mortgage
Foreign national mortgages are designed for individuals who are not citizens or permanent residents of a particular country but still wish to purchase property. These mortgages cater to non-UK residents who may want to invest in UK real estate.
Expat Mortgages
An expat mortgage is a home loan for UK citizens living and working abroad. These mortgages allow expats to purchase property in the UK, either as an investment or for when they return to the country.
Overseas Mortgage
An overseas mortgage allows individuals to buy property in a foreign country by borrowing money from a lender based either in their home country or abroad. This option is popular among those looking to invest in vacation homes, retirement properties, or rental properties in different countries.
Bitcoin/Crypto Mortgage
A crypto mortgage is a relatively new concept in the UK that allows you to sell your cryptocurrency and use it as a deposit to buy a home. Crypto mortgages are loans taken out to buy a home, but instead of using traditional currencies like pounds or dollars, they involve profits from selling cryptocurrencies like Bitcoin or Ethereum.
Large/Bespoke Mortgage
A large or bespoke mortgage is designed for individuals looking to borrow a significant amount of money, typically for high-value properties. These mortgages are tailored to meet the unique financial situations of high-net-worth individuals, offering more flexibility in terms of repayment schedules, interest rates, and loan structures.
Mortgages for Pensioners
Mortgages for Pensioners are tailored for older borrowers, offering options like retirement interest-only or equity release mortgages. These products help pensioners access funds for property purchase, home improvements, or other financial needs while considering their retirement income. Explore articles to find the best solutions for your needs.
Mortgage Declined
A mortgage decline can occur for various reasons, from issues with credit history to problems with income verification or debt levels. When a mortgage application is denied, it can be disappointing, but understanding the reasons behind the decision can help you address any issues and improve your chances in the future.
Islamic Mortgage
An Islamic mortgage, also known as a Sharia-compliant mortgage, follows Islamic principles that prohibit paying or receiving interest (riba). Instead they use structures like Ijara (lease-to-own), Murabaha (buy-and-sell), or Musharaka (partnership). Explore articles to learn more about how these unique mortgages work.
