MORTGAGE PRODUCTS

First Time Buyer

These loans may include an extra amount to cover carpets, fixtures and fittings, as well as appliances which the first time buyer might need

   
Shared Equity

These products are designed for those having difficulty getting onto the property ladder in the first place. This may be due to low income and lack of a substantial deposit

 
Purchase

These products are straightforward. Designed for people that have had mortgages before, these products do not usually include carpets, fixtures and fittings

   
Moving House

It is often possible to transfer a mortgage when moving home which saves the cost of setting up a new one. This is however, often a good time to review a mortgage anyway

   
Self Build

There is an ever increasing number of people building their own homes.  At one time, it was necessary to buy the land yourself first.  Nowadays more and more lenders will lend to purchase the land  prior to building

 
Right to Buy

A range of products for those who have the right to buy their Council House or Housing Association property

   
Remortgage

These products are for those who do not wish to move house, but are shopping for a cheaper lender than their current one

 
Large Mortgage

This type of product will suit those seeking a mortgage on expensive properties where income multiples and issues of security require specialist underwriting

   
Overseas Mortgages

Fidentia Group for impartial overseas mortgage advice.

  Fidentia - the overseas mortgage specialists...
Holiday Home

For mortgage products both in the UK and holiday homes abroad

   
Buy to Let

Products for those who wish to buy a property as an investment and let it out for an income.  Often called Investment mortgages, they should not be confused with Commercial Mortgages

   
Equity Release for the Elderly

Retired people often have their home paid for free and clear of any mortgage. At the same time, their income may have dropped in retirement.  By releasing equity, or money tied up in the home, the funds released can be used to enhance the retired persons' income. There are two principle schemes in this category and it is worth speaking with a specialist for details.

   
Commercial

This specialist market deals with products available to businesses for the purchase or leasing of commercial units such as shops, factories, and offices.  The lending rules differ from personal mortgages often requiring larger deposits and shorter repayment periods.  The interest rates are also often higher

 
Debt Consolidation

These products are designed to release equity, or the money tied up in the home, to pay off other loans.  The theory is that the new revised mortgage payments be lower than the old mortgage and debts combined. This is because mortgage rates are usually lower than personal and HP loan rates. However, this is often also achieved by extending the old debt over a longer mortgage term which could make it more expensive in the long run. It is worth speaking with an Adviser about this type of mortgage 

   
Adverse Mortgages

These products are designed for people who have incurred credit problems such as arrears, CCJ's (County Court Judgements), bankruptcy, defaults and so on.  There are lenders who specialise in these types of loan but their rates can be high to reflect the increase risk they presume to take

Divorce Settlement

It may be clear that this type of mortgage is designed to release funds to pay off the ex.  However, there are many other factors to take into account;  Who gets the endowment (if applicable)?  Does the spouse (who remains in the house) have a high enough income multiple to afford the repayments on their own? A solicitor may be of some help, but a Mortgage Adviser should definitely be consulted

 
Islamic Mortgages

Islamic Mortgages are a specialist area, click here if interested