Contents
Types of mortgages
Types of mortgages
- 01: Introduction
- 02: Capital and interest or repayment mortgages
- 03: Interest only mortgages
- 04: First time buyer mortgages
- 05: Islamic mortgages
- 06: Lifetime mortgages
- 07: Shared schemes
- 08: Commercial mortgages
- 09: Buy to let mortgages
- 10: Second mortgages
- 11: Remortgage
- 12: How much can you borrow?
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Types of mortgages
01: Introduction
Before choosing the right mortgage product, it is important to identify what type of mortgage you require. UK lenders will lend in a wide variety of situations, but it pays to know the terminology and some of the rules that apply. First though, consider how the mortgage is going to be repaid. There are just two ways to pay a mortgage – capital and interest and interest only.Last Updated
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The precise amount will depend on your circumstances and/or amount of borrowing. We will notify you of any costs before any advice is provided.
