Contents
Types of mortgages
Types of mortgages
- 01: Introduction
- 02: Capital and interest or repayment mortgages
- 03: Interest only mortgages
- 04: First time buyer and 100% mortgages
- 05: Right to buy mortgages
- 06: Islamic mortgages
- 07: Lifetime mortgages
- 08: Shared schemes
- 09: Sub prime mortgages
- 10: Self-certification mortgages
- 11: Commercial mortgages
- 12: Buy to let mortgages
- 13: Second mortgages
- 14: Remortgage
- 15: 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.
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