Frequently Asked Questions

Here, we take you through some of the commonly asked questions we get. If you have any other questions please call us.

Re-mortgaging?

Re-mortgaging describes the process when you already have a mortgage on your home and you switch that mortgage to a new provider. Usually a switch will happen at the end of a fixed term deal (either fixed rate or discounted rate deal). We take the headache out of finding the best new mortgage deal for you and ensure the process of switching your mortgage from one provider to another is a smooth and hassle free process.

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Buy-to-let mortgage?

If you are looking to buy a property and let it out as a landlord, you need a special kind of mortgage called a buy-to-let mortgage. The terms and interest rates for buy-to-let mortgages are usually different to a mortgage for you own home.

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Bridging loan?

Usually, when you move home, your existing mortgage is paid off the same day as the mortgage for your new house starts. Sometimes however, there is a gap between the old mortgage being paid off and the new mortgage coming through. For example you may not have completed the sale of your old house but you have moved into the new house and taken up the new mortgage. A bridging loan "bridges" that finance gap when you are effectively financing two properties at the same time for a short while.

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Commercial mortgages?

Commercial mortgages are used for buying business premises which are not used as a residence. If you are looking to buy an office, retail premises, or a factory for example, you would need a commercial mortgage. The interest rates and terms for commercial mortgages differ from a mortgage for a residential property.

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Secured loan?

For a secured loan, you are borrowing money and using some of your existing assets (usually property) to "secure" the loan. Usually, secured loans benefit from lower interest rates than unsecured loans.