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.
Mortgages
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 home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
Before you choose a specific deal, you need to decide what type of mortgage is the most appropriate for your needs.
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.
The government has put in place a number of schemes to support house purchasers, such as Help to Buy.
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.
UK News
Crude has dropped by more than 5% with prices now below the level when Israel first launched its attack.
The Competition and Markets Authority says it wants to open up the UK search market.
Tesla hopes to rival firms already offering driverless ride-hailing in the US and around the world, such as Waymo, Zoox and Baidu.
Plans to cut energy bills by up to 25% for more than 7,000 UK businesses is announced alongside other plans to boost growth.
Airlines scramble to cancel and reroute flights after Doha and Dubai airports shut briefly.