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.
Mortgages
A mortgage is likely to be the single largest financial commitment you ever make. There's a wide range of mortgage products out there, with varying interest rates and repayment options available.
Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
A typical fee of £399 is payable on completion.A £30 administration fee is payable at completion of a full mortgage application and is non-refundable.
A typical fee of £399 is payable on completion.A £30 administration fee is payable at completion of a full mortgage application and is non-refundable.
Before you choose a specific deal, you need to decide what type of mortgage is the most appropriate for your needs.
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.
Remortgaging means switching your mortgage to another deal with another lender without moving property.
Second charge loans can be secured against residential or Buy to Let properties.
Mortgages
More than half (57%) of residential mortgage products currently available have a standard maximum mortgage term of up to 40 years, research from Moneyfacts shows.
A Buy for Uni Mortgage has been launched by Vernon Building Society to support students onto the housing ladder and through university.
Darlington Building Society has extended its range of residential mortgages to mainland Scotland via distribution with Legal & General Mortgage Club, and is part of its Darlington Intermediaries offering.