Buy to let mortgages

​

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.

​

​

Buying a home

Before you choose a specific deal, you need to decide what type of mortgage is the most appropriate for your needs.

​

​

Bridging Finance

A bridging loan is taken out to ‘bridge’ the gap between the purchase of a new property and the sale of an existing one. Referral Service

​

​

Equity release

Equity release can help people release cash (equity) in their homes for a particular purpose, like supplementing retirement income. Referral Service

​

​

First time buyers

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.

​

​

Flexible mortgage

With options for overpayment and payment ‘holidays’, a flexible mortgage can make the traditional 25-year British mortgage look rather old-fashioned.

​

​

Help to buy and other government backed schemes

The government has put in place a number of schemes to support house purchasers, such as Help to Buy.

 

​

Offset mortgages

An offset mortgage enables you to use your savings to reduce your mortgage balance and the interest you pay on it.

​

 

Remortgages

Remortgaging means switching your mortgage to another deal with another lender without moving property. An alternative type of remortgage is a Product Transfer. This is the process of obtaining a new mortgage deal with your existing lender

​

Second charge loans

Second charge loans can be secured against residential or Buy to Let properties. Referral service

 

 

Self-build mortgages

These are mortgages suited to people building a new home. With a self build mortgage, money is released in stages as the build progresses.

​

Some buy to let mortgages and bridging finance are not regulated by the Financial Conduct Authority.

 

A Lifetime Mortgage is not suitable for everyone and may affect your entitlement to means tested benefits, so it is important to seek financial advice before taking any action. If you are considering releasing equity from your home, you should consider all options available before equity release.
The interest that may be accrued over the long term with a Lifetime Mortgage, may mean it is not the cheapest solution. As interest is charged on both the original loan and the interest that has been added, the amount you owe will increase over time, reducing the equity left in your home and the value of any inheritance, potentially to nothing.
Although the final decision is yours, you are encouraged to discuss your plans with your family and beneficiaries, as a Lifetime Mortgage could have an impact on any potential inheritance. We would also encourage you to invite them to join any meetings with your Financial Adviser so they can ask questions and join in the decision, as we believe it is better to discuss your decision with them before you go ahead.