Types of Mortgages
You’ll come across a few mortgage types on your journey, and while they all have the same outcome – you paying the lender back for your home – they all have different features.
Buildings Insurance
Buildings insurance should cover every part of your home. That means fences, sheds, garages and conservatories will fall under your cover, as well as things like pipes and drains.
Life Insurance
Try as we might, we can’t control everything in life. That’s where insurance comes in. The right cover can protect you when things don’t go to plan, letting you sleep easy at night.
Shared Ownership
If you don’t think you can afford a mortgage but you’re still keen to get on the property ladder, the government’s Help to Buy: Shared Ownership scheme might be be the ideal solution.
Remortgaging
There are plenty of reasons why you might want to remortgage, and they usually involve getting a better deal. The most common reasons to remortgage are:
Buy to Let mortgages
Buy to Let mortgages are exactly what they sound like: they allow you to buy a property, but instead of living in it you’ll rent it out
What you need for your mortgage application
Even if you haven’t found your ideal home and made an offer yet, it can be helpful to get your paperwork together ready for when you make your mortgage application.
Home Buying Timeline
There are so many steps to securing your new home that it can feel impossible to get to grips with everything. Here's our step by step guide...
Important information
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1%, but a typical fee is £599.