Mortgages

Mortgages are a critical component of the home-buying journey, whether you're a first-time buyer, if you're moving home, or looking to remortgage. The process involves understanding different types of mortgages, interest rates, repayment terms, and lender requirements.

 

For first-time buyers, securing a mortgage means stepping onto the property ladder, while home movers may need to navigate buying and selling simultaneously. Remortgaging can help homeowners find better rates or release equity from their property, and additional borrowing can be used to release equity by borrowing more from your current lender.

 

When it comes to investment properties, mortgages cater to specific needs. Buy-to-let mortgages are designed for purchasing properties to rent out, while let-to-buy mortgages allow homeowners to buy a new residence while renting out their current one. Houses in Multiple Occupation (HMO) mortgages apply to properties rented out to multiple tenants, each with their own tenancy agreement, or holiday lets might be used for short term rentals such as Airbnb.

 

At 3 Keys Mortgages, we provide expert guidance to help you navigate these options, ensuring you find the best solution for your unique situation.