Mortgages Types
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With over 150 UK companies offering mortgages, and with several different types to choose from, it can be confusing to find the right one!
What are the various types of mortgage?
First Mortgage sorts through the thousands of different mortgage deals to find the best value offer and the right mortgage type for you. Our impartial service guarantees to source the best mortgage type, whether you’re searching for a 90% mortgage or a buy to let mortgage.
There are many different mortgage types available, each offering slightly different benefits. There are also various ways in which you can repay your mortgage once you have agreed which type you want.
Which mortgage type is right for you?
The type of mortgage that suits you best depends entirely on your circumstances. Here are the main types of mortgage and how they work:
First time buyer mortgage - Find special offers and deals to help you get on the property ladder
100% mortgages - Find 100% mortgage deals to get you on the housing ladder with out a deposit
Family Equity Loan Plan - A family member can take a stake in the property to help first time buyers who do not have a deposit.
Homemover mortgage - Upgrading? Downsizing? Homemover mortgages let you move in confidence
Buy to let mortgages - Expand your property portfolio and invest for the future
Capital raising mortgages - Use a mortgage to raise capital for other investments or purchases
Poor/bad credit mortgages - No matter what your financial history, you can usually find a mortgage deal to suit you
Debt consolidation mortgages - Help alleviate financial pressures by consolidating your debts
Large mortgages - For larger house and estate purchases
Student mortgages - Purchase property with a guarantor or parental assistance
Commercial mortgages - For businesses and commercial property
Equity release mortgages - Use the value of your home to release cash in a lump sum, or instalments
Divorce mortgages - Refinance after a divorce or separation
Self-certified mortgages - A different way to arrange a mortgage if you are unable or unwilling to prove income
Shared equity mortgages - The lender receives a share of the equity and receives a percentage of the on-sale of the house
Homestake - Government scheme to help people on a low income afford a house
Right to buy mortgages - An initiative that allows you to buy your council home at a discount price
Council house purchase - Purchase a council house
Call us on 0845 603 1525 for a FREE consultation with one of our friendly and experienced consultants. We are more than happy to discuss your situation and help you choose the best mortgage type to suit your needs.
Related Internet Links:
Financial Ombudsman Service | Office of Fair Trading | Financial Services Authority | Council of Mortgage Lenders
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