First Time Buyer Mortgages
If you are looking for your first mortgage it's likely that your often be baffled and confused by the sheer volume of terms and phrases, thrown at you buy Solicitors, Estate Agents and Mortgage companies.
In reality its not too complicated, but its important that before committing yourself to a mortgage or property, you have an understanding of different aspects of mortgages and property ownership. In this section we will give an overview of different types of mortgages.
There are currently two main types of mortgages on the market, these are;
b) Repayment mortgages, sometimes referred to as Capital Repayment mortgages.
Then there are the different types of interest repayment mortgages, these are;
a) Fixed Rate
c) Capped Rate
There are various other types of mortgages available, others that you might come across are:
Base rate Trackers, Bridging Loans, Buy to Let, Cashback deals, Current account Mortgages, Discounted Variable Rates, Equity Release Mortgages, Endowment mortgages, Expatriate Mortgages, Flexible Mortgages, Group Mortgages, ISA Mortgage, Mortgages in principle, Pension Mortgages, Standard Variable rate, Tracker Mortgages, 100% Mortgages and no doubt several more that we've missed from our list!