First time buyers can buy alone or may need help to buy in the current market and have to share purchases with parents, family members or friends. There are various first time buyer shared or group mortgages available subject to how many people are involved and how it will be funded i.e. by lump sum deposit, pension income, parental income etc.

Your monthly mortgage payments consist of repaying some of the capital lump sum borrowed as well as some of the accrued interest.

Your monthly mortgage payments consist of repayments of the interest only accruing on the lump sum borrowed. A repayment vehicle is required like an ISA, pension plan or endowment policy to pay off the lump sum borrowed at the end of the term.

By re-mortgaging to a new deal or new lender, you can usually lower your monthly repayments, release equity in your home, and consolidate existing debt into one monthly payment or to unlock capital to buy another property.

These offer a discount of a lender’s standard variable rate for a set introductory period after which they revert to the lenders standard variable rate at the end of the fixed period, usually 2 to 3 years.

These provide borrowers with a lump sum in cash when their mortgage or remortgage has been accepted and completed.

A buy-to-let mortgage, also known as an investment mortgage is designed for borrowers who want to buy a property that will be rented to a third party.

Are you unable to show your earnings due to being self employed or have an irregular wage? If your income is hard to asses, then a self certification mortgage could be your best option.

Reduce the cost of your mortgage and save on interest or reduce your monthly mortgage payments by offsetting your savings against your mortgage.

This is like a home-buy scheme where a registered social landlord will provide you with some of the funds to buy your home, with you supplying the rest by way of a mortgage. There are many schemes like this available for key workers.

This government scheme gives eligible tenants the right to buy their property from their council at a discounted rate.

These offer you the chance to both overpay and underpay on your loan and are designed to accommodate your changing financial needs. They offer space and freedom and some deals allow you to take payment breaks or make penalty-free lump sum payments.

Do you want certainty over your monthly payments? Have the comfort of knowing, upfront, what your fixed rate monthly repayments will be for a fixed period of time. A fixed rate mortgage could protect you from rising interest rates but if interest rates fall, you will not be able to take advantage of them.

These mortgages increase or decrease as the lender adjusts the rate in accordance with market conditions.

These are similar to fixed rate mortgages but here a borrower pays a rate of interest directly linked to the lender’s standard variable rate but this is capped at a maximum. If interest rates rise so will your monthly mortgage payments but only up to the agreed capped level. They can last for a fixed period or for the life of a mortgage.

Do you want a mortgage that has low monthly payments? A tracker mortgage could be your best option as it tracks the Bank of England base rate. These can be fixed term or lifetime trackers.

Combine the features of a fixed rate which reverts to a tracker rate after the fixed rate period has ended.

Equity release is a means of using the value of your home to receive either a lump sum of cash or regular monthly installments. Age is a primary factor in determining the percentage of the value of your home that can be released. A person of a older age can release a higher percentage than a person of a younger age.

We have a unique partnership with Elbrus Tolima SL which means we can offer you an unparalleled service for all your Spanish mortgage needs. Not only can we offer you the best mortgage rates in Spain but also the opportunity to use Elbrus Tolima to find your perfect home in Spain. We can also offer you mortgage deals for all your overseas property purchases whether in Europe or further afield and have access to offshore lenders for tax advantages whether you are resident in the UK or abroad.