This is where you replace an existing mortgage loan with one from a different lender. It may be to secure a more competitive interest rate, increase the loan for debt consolidation or home improvement purposes.

This is where a lender secures mortgage finance against a property you currently reside, in or intend to live in, after the purchase has completed. Typically, the maximum lending available is up to 90% of the property value.

A buy-to-let mortgage is designed to help you buy a property for investment purposes with a lender calculating the maximum mortgage advance based on the gross monthly rental received. Typically, the maximum lending available is up to 75% of the property value.

These types of mortgages are not regulated by the Financial Services Authority.

This is where a lender allows you to refinance your existing residential property and, in doing so, they grant permission for you to let your home. In refinancing, you would usually release deposit funds to purchase a new residential property.  Typically, the maximum lending available is up to 75% of the property value.

These types of mortgages are not regulated by the Financial Services Authority.

This is a mortgage secured against a property for business purposes, purchase or remortgage, and can be categorised under any of the following:

• Freehold or Leasehold business purchase
• Property Development Finance
• Bridging Finance
• Large Property Portfolio or Investment Property Finance
• Agricultural Property

Typically, the maximum lending available is up to 75% of the property value.

These types of mortgages are not regulated by the Financial Services Authority.

This is a mortgage either secured against a property in a foreign country or where mortgage finance is arranged for Ex-Pats or Non UK Nationals currently living outside of the UK to acquire a property in the UK. Typically, the maximum lending available is up to 70% of the property value.

Please be aware that if your mortgage is denominated in a currency other than sterling, changes in the exchange rate could increase the overall cost of your mortgage.

These types of mortgages are not regulated by the Financial Services Authority.

This is where a person is seeking finance for the purpose of building their own home. Lenders will typically advance up front a proportion of the land value and then release in stages (generally in arrears) a proportion of build costs. Typically, the maximum lending available is up to 75% of the finished property value.

This is where a lender releases equity from your home with typically no mortgage payments being made; interest simply accrues on the original funds borrowed with the debt being cleared at the point the client’s home is sold. This type of mortgage transaction is specifically aimed at those clients that are over State Retirement age and are looking to release funds from their home to create financial independence. The funds released can be a combination of a lump sum or regular monthly income and will be dependent on the client’s age. Typically the maximum lending available is represented as a percentage of the property value depending on the age of the applicant and will range from 20% - 50% of the property value from ages 60 – 90+.

This is a very specialised area and needs careful consideration and expert advice as any income/lump sum from equity release may reduce any State Benefit you are entitled to; if you have a ‘roll-up’ mortgage the outstanding loan and added interest would grow quickly and could result in negative equity; the value of your Estate will reduce.

Releasing money from your home means that you will leave less to your family. Tax and welfare benefits may also be affected. Check that your chosen plan will meet your needs if you want to move or sell your home or if you want your family to inherit it.

This is a lifetime mortgage. To understand the features and risks ask for a personalised illustration.

Again this type of scheme is specifically geared to those clients over State Retirement age. Unlike a Lifetime Mortgage, with a Home Reversion Scheme there is no mortgage contract and, therefore, no rolled-up interest. With a Home Reversion Scheme a client will look to either sell their entire home, or a proportion of it, to a Home Reversion Company, whilst maintaining a life-long interest to remain in the property. The Home Reversion Company will look to discount heavily any purchase of equity and this can be up to 50% of the property value. Funds typically would be released on a lump sum basis only.

Releasing money from your home means that you will leave less to your family. Tax and welfare benefits may also be affected. Check that your chosen plan will meet your needs if you want to move or sell your home or if you want your family to inherit it.

This is a lifetime mortgage. To understand the features and risks ask for a personalised illustration.