Mortgages
Remortgage / Refinance
A remortgage can be used to switch your mortgage for a better interest rate so you can save money every month, raise money for home improvements or look to consolidate debts on to your mortgage, amongst other reasons. This also includes repaying Help to Buy Equity Loans
Purchases
Designed for customers buying their first home or home movers who have sold their current property and using the equity as a deposit for their next property. This can be for a person looking to purchase a larger property, or downsize once children have fled the nest.
Buy to let
A Buy-to-let mortgage is designed to help you buy a property that you intend to rent out to other people, rather than to live in. The amount you can borrow usually depends on the rental income you expect to earn from tenants.
New Build
A new build home is one that has just been built or in the process of being built and hasn’t yet been lived in by anyone. Sometimes these properties are sold “off-plan” which means the purchaser commits to buying their new home before construction has started.
Equity Release / Lending Into Retirement
If you are 55+, Equity Release is a way to release cash from the equity in your property, and is only repayable on death or when you enter into long term care. When the term of the mortgage extends beyond the borrower's retirement age it is known as ‘lending into retirement’. This works in the same way as a standard mortgage, except that affordability is calculated on retirement income only.
Secured Loans
A secured loan, also known as a “second charge” is a good way to access extra funds without remortgaging away from your current mortgage company, and allows you to use your home to borrow more money, which could be used for a variety of things, like home improvements or consolidating debt. Secured rates may still be lower than on other forms of unsecured credit, such as a personal loan.
Little Mortgage Business
