Mortgages
Mortgages Explained – Adverse Credit Mortgages
When it comes to buying a home, some lenders can take on a rather sanctimonious attitude. They want to deal only with those who have faultless credit histories, perfect work records and adequate deposits.
Mortgages Explained – Buy To Let
There are 3 main differences in buy to let mortgages:
*Rent Potential - the decision as to whether or not a mortgage will be offered is usually based on the rent you will earn as well as your income. In some cases your income is not ever considered.
*Interest Rate - buy to let mortgages have slightly higher interest rates.
*Larger Deposit - typically a minimum of 20% or 25% of the property's value is required as a deposit.
Mortgages Explained – Current Account Mortgages
With a CAM, you run all of your finances through a single account - your mortgage, current account, savings and personal loans .
Mortgages Explained – Lifetime Mortgages and Reversion Schemes
What is a lifetime mortgage?
This is a lifetime mortgage, to understand the features and the risks ask for a personalised illustration. Your home may be repossessed if you do not keep up repayments on your mortgage.
Mortgages Explained – First Time Buyers
Buying a house is one of the most important purchases you will make, and buying a home for the first time will be an even more daunting prospect. Add to this the vast array of mortgage products available from a wide range of sources, and you are left with a high-stress, confusing decision.
Mortgages Explained – Remortgages
When you remortgage, you are switching your mortgage to another deal, and frequently, another lender.
Mortgages Explained – Self Build Mortgages
The main difference between a self build mortgage and a house purchase mortgage is that with a self build mortgage money is released in stages as the build progresses rather than as a single amount.
Mortgages Explained – Self Certification Mortgages
A self certification mortgage is a mortgage in which you are able to declare your income without showing substantial proof that you earn it. There are many instances where a self certification mortgage would be beneficial.
