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.
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.
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.
With options for overpayment and payment ‘holidays’, a flexible mortgage can make the traditional 25-year British mortgage look rather old-fashioned.
Remortgaging means switching your mortgage to another deal with another lender without moving property.