A bridging loan is taken out to ‘bridge’ the gap between the purchase of a new property and the sale of an existing one.
Protection
How much cash would your family need to maintain their current lifestyle if you die prematurely?
More InfoMortgages
A mortgage is likely to be the single largest financial commitment you ever make. There's a wide range of mortgage products out there, with varying interest rates and repayment options available.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Most buy to let mortgages are not regulated by The Financial Conduct Authority.
Most buy to let mortgages are not regulated by The Financial Conduct Authority.
These types of mortgages are designed for property investors and private landlords, who do not intend to live in the purchased property but will let property to tenants.
Before you choose a specific deal, you need to decide what type of mortgage is the most appropriate for your needs.
Equity release can help people release cash (equity) in their homes for a particular purpose, like supplementing retirement income.
People buying their first home often have specific needs when it comes to finding a mortgage. A range of mortgages exists specifically for this market sector.
With options for overpayment and payment ‘holidays’, a flexible mortgage can make the traditional 25-year British mortgage look rather old-fashioned.
An offset mortgage enables you to use your savings to reduce your mortgage balance and the interest you pay on it.
Remortgaging means switching your mortgage to another deal with another lender without moving property.
Second charge loans can be secured against residential or Buy to Let properties.
These are mortgages suited to people building a new home. With a self build mortgage, money is released in stages as the build progresses.
UK News
The chancellor will set out her plans for the UK economy in November with speculation growing over tax rises.
The Mineral Products Association says the decline threatens to impact the government's housing plans.
Sources close to the deal accept that the government needs to be seen to be tough with the company.
The search giant is not being broken up -so how much will it be affected by the remedies a judge has instead ordered?
A Swedish firm hopes that drones will open up a new market for hot food delivery.