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There used to be no shortage of mortgage products available on the market. Since the credit crunch, however, many mortgage plans have been withdrawn from the shelves eg. 100% mortgages and many Fixed Rate plans. Irrespective of the housing market slump, there is still a variety of mortgages on offer so it pays to know your ISA from your Interest only.
The main types of mortgages are covered in our Types of Mortgages section.
The three additional mortgages covered here are:More..
Interest Only Mortgage
ISA Mortgage
Pension Plan & Endowment Mortgage
The number of mortgage approvals fell by more than 40% in November 07 compared to the same month the previous year. Whilst obtaining property finance is becoming increasingly difficult, it should not cause needless concern. Debts believe having the right kind of knowledge is vital when making a mortgage application, so here we lay out the the above mortgages in a concise and easy to understand format.
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