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.
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 latest ONS figures show the economy is rebounding after the UK slipped into recession at the end of last year.
The economy grew by a stronger than expected 0.6% in the first three months of the year.
Its comments came as UK interest rates were left unchanged at a 16-year high of 5.25%.
Andrew Bailey told the BBC the recession was "mild" as figures on the economy are released Friday.
The technology giant apologised after Hugh Grant and others criticised the "tone deaf" iPad advert.