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.
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.
Remortgaging means switching your mortgage to another deal with another lender without moving property.