A variable rate mortgage, also known as a floating rate mortgage, has an interest rate that fluctuates over the life…
A self-certification mortgage allows borrowers to declare their income without providing traditional proof. It's often used by those with irregular…
A repayment mortgage, also known as a capital and interest mortgage, involves paying off both the loan's capital and the…
The loan-to-value (LTV) ratio compares a loan amount to the appraised value of an asset, typically real estate. Lenders use…
An interest-only mortgage allows borrowers to pay only the interest for a set period. After this period, payments increase to…
A buy-to-let mortgage is a special type of home loan for individuals purchasing property with the intention of renting it…