Mortgages explained

A mortgage is a loan from a bank or lender to help you finance the purchase of a home. But the lender doesn’t own your home, you do when you have paid the mortgage off.

Easy-read mortgage advice and guidance

Mortgages are complicated. So we’re making them simple. Whether buying your first home, buying to let, or remortgaging, here’s everything you need to know, in plain English and jargon-free.

What is a mortgage?

A mortgage is a long-term loan. It’s designed to help you buy a property. It can sound complex and scary but it doesn’t have to be, get in touch we'll support you.

First time buyers

Buying a home is a major financial decision. if you're looking for a idea of how much you could borrow, you want fee free, fast and comprehensive advice, we're here for you.

Remortgages

Remortgaging means changing your mortgage deal, either by switching to a different lender, or staying with your current lender but getting a different rate from them.

Buy-to-let mortgages

A buy-to-let mortgage is required if you want to purchase a property specifically to let out (rent it to a tenant). Find out how you can apply for a buy-to-let mortgage.

Self-employed mortgages

If you can prove that you have consistent or solid earnings and a decent income history, you should be able to access the same rates and deals as salaried employees.

Contractor mortgages

We have guidance for daily rate contractors who are self-employed or working through their own limited company set up and are looking at purchasing a home.

Shared ownership

With shared ownership, you co-own your home with a housing association. You buy a share of the property, between 25% and 75%, the housing association owns the rest.

Commercial mortgages

A commercial mortgage is a loan that is arranged for the purpose of purchasing or refinancing property which is primarily used for commercial or business use.

Your property may be repossessed if you do not keep up repayments on your mortgage.
Some Buy To Let and Commercial mortgages are not regulated by the Financial Conduct Authority.