Types of mortgage

Buy-to-let (BTL) mortgages are for landlords who want to buy property to rent it out. The rules around buy-to-let mortgages are similar to those around regular mortgages, but there are some key differ...

With a shared equity mortgage or Partnership Mortgage a lender will agree to give you a loan alongside your main mortgage in return for a share of any profits when you sell your house or repay the lo...

Sharia-law-compliant home purchase plans help you buy your home in a way not involving paying interest. They are complex products and there can be a big difference in what firms offer, so consider get...

Second charge mortgages are a secured loan, which means they use the borrower’s home as security. Many people use them to raise money instead of remortgaging, but there are some things you need to b...

Equity release refers to a range of products letting you access the equity (cash) tied up in your home if you are over the age of 55. You can take the money you release as a lump sum or, in several sm...

With a lifetime mortgage, you take out a loan secured on your home which does not need to be repaid until you die or go into long-term care. It frees up some of the wealth you have tied up in your hom...

Firms selling equity release have to give you certain important information to help you decide on whether to enter a scheme. Here’s a summary of what to look out for and what you’ll receive. ...

With a home reversion, you sell all or part of your home in return for a cash lump sum, a regular income, or both. Your home, or the part of it you sell, now belongs to someone else. However, you’re...

As you approach retirement, you might find it hard to renew your interest-only mortgage, even if you’re comfortably meeting your monthly repayments. But at the same time, you might want to unlock so...

Our free printed guides are designed to help not for profit and public sector organisations, as well as commercial organisations, helping people to make informed money choices. If you’re an i...