Buy to let mortgages are for property you wish to buy and then let out for rent to third parties. It is important when evaluating the property the potential extent of maintenance and management costs as this will be paid by you from the rental… Read more
A capped rate mortgage is in fact a variable rate mortgage with a distinct difference. A capped rate mortgage interest rate will still go up and down inline with the general interest rate but there is built in a ceiling known as the ‘capped… Read more
A discounted rate type mortgage is available from some lenders and will offer you a discount on the variable rate of interest charged. This discount will only be for a limited period which is decided by the mortgage lender at the outset of the… Read more
A fixed rate mortgage gives you a guaranteed fixed rate of interest on your mortgage for a given period of time. This means that no matter what happens to the general interest rate the interest rate charged to your mortgage will not be affected… Read more
A flexible mortgage can allow you to make additional payments ‘top up’ payments to reduce your loan liability or you can also build up a fund of money which you can ‘draw on’ in the future. Some mortgage lenders who offer this type of… Read more
As the title implies this type of mortgage means that only the interest is repaid over the term and the capital is paid off by an insurance policy which you pay the premiums every month and should realise the capital amount to settle the amount… Read more
A repayment mortgage is the traditional type of mortgage which actually means you own the property guaranteed when you have completed the mortgage term provided you have paid the loan. The way a repayment debt is divided into capital repayments… Read more
A standard variable rate mortgage is the most common type of mortgage loan. This type of mortgage loan has an interest rate that fluctuates and will rise and fall broadly inline with the interests rates set by the Bank of England and inline with… Read more
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