To help you decide which type of mortgage is best for you, here we offer you a wealth of information about the different types of mortgages available in the UK today:

First Time Buyer Mortgages

There are a number of different types of mortgages available to first time buyers, and you will have to choose between Repayment mortgages and Interest-only mortgages, and then between Variable Rate, Fixed Rate, Capped Rate, Discount Rate, Tracker Rate and Flexible Rate interest rates.

Bad Credit Mortgages

Designed to help borrowers with a bad credit rating get on the property ladder, a bad credit mortgage is generally no different to a standard mortgage, except for the slightly higher interest rates. If you are thinking of applying for a mortgage but fear you may have a bad credit rating due to late or unpaid previous loans, Blue Mountain can assess your situation and help find the best mortgage deal for you.

Re-Mortgages

If you are considering moving your mortgage to a new lender then you will need a re-mortgage. Borrowers usually re-mortgage their property after three years or more either to get a better rate of interest or to raise additional finance by releasing equity in the property.

Buy-To-Let Mortgages

If you are thinking of buying a house to rent out then you will need a buy-to-let mortgage, which is specifically tailored to meet your needs. Alternatively if you want to buy a new home for yourself and rent out your existing property then you could opt for a let-to-buy mortgage.

Second Mortgages

Some people choose to take out a second mortgage on their home, as an extra mortgage to finance home improvements, clear other debts or buy a new car.