There are Many Types of Mortgages in UK

But there is only one that’s right for you

Find UK Mortgages to suit your financial needs

The number of different types of mortgages in UK is quite staggering.  Gone are the days of mortgage loans being available only to those with sizable funds as a deposit. Nowadays there are mortgages available to people with very diverse financial backgrounds.

One of the most popular mortgages in UK today is the variable mortgage, whereby mortgage repayments change according to fluctuations in the rate of interest applied.

Here is a list of 10 of the most popular types of mortgages in UK, and what they entail:

• Variable Mortgage – Mortgage re-payments vary in accordance with changes in interest rate
• Fixed Rate Mortgage – Interest rates are fixed for a set period of time
• Capped Mortgage – Similar to a fixed rate mortgage with a fixed maximum interest rate that does not exceed the cap amount
• Tracker Rate Mortgage – Tracker rate mortgage follow the Bank of England’s base rate at an agreed differential
• Interest Only Mortgage – Mortgage where only the interest and no capital is paid
• Joint Mortgage – A mortgage in joint names where both parties are responsible for the repayments
• Adverse Credit Mortgages – Special type of mortgage for people with bad credit ratings
• Buy to Let Mortgages – Mortgages for people looking to buy a property with a view to let
• Equity Release Mortgages – Mortgage that release funds from the value of the property
• 100% Mortgages- Mortgage whereby the full cost of the property is borrowed so there is deposit payable

At the Mortgage Advice Center we have access to a ‘whole of market’ panel of lenders to ensure we find a mortgage tailored to your requirements.

Why Use Mortgage Advice Center?

• Free Mortgage Quotes
• UK Mortgage deals to suit your financial situation
  
• ‘Whole of Market’ Advice – Unrestricted product range
• Access to all mortgage products including Fixed Rate Mortgage Deals and Remortgages
• Guidance through entire mortgage process from initial quote to completion

Get Free Quotes on UK Mortgage Deals Today

Just fill out the form on the right hand panel and an Independent Financial Advisor will get in touch with you to help and advise you on the various mortgages in UK,  and take you through the options that are suited to your needs.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
There may be a fee for Mortgage advice. The precise amount will depend upon your circumstances but we estimate that it will be £250