It is true that when we buy most things we try to get the best deal and try to search for the shop for best deal. If we can do this for one T-shirt then why should we don’t that for mortgage? The mortgage market is highly competitive and this means as the lenders try and better each other you can take advantage. We should review our mortgage regularly, and if you have a good mortgage broker then it’s the best.

Let’s take a look on few special mortgages

Key Worker Mortgages

In this capitalism era low paid workers have been pushed further and further. And they then face the situation from where they never back in the main stream life of the country. To help this key worker govt of UK has poured around 690m pounds. By this program key worker can get the residence in the vicinity of where they work.

Second Home Mortgages

When you mortgage your secondary property where you don’t intend to live is called secondhand home mortgage. It isn’t simply a mortgage on a second property, as even if your main place of residence is rented and you only intend to have one mortgage (for the property in which you aren’t going to be spending the majority of your time), you still require a ‘second home mortgage‘. Despite being designated a second home mortgage

The Pink Mortgage

A pink mortgage, sometimes referred to as a rainbow mortgage or a gay mortgage, is (it hardly needs be said) a mortgage marketed to gay men,lesbians and same-sex couples. A relatively new phenomenon, these mortgages have become increasingly popular in recent years. However pink mortgage is not very different from the other mortgage

The Discount Mortgage

The discount mortgage is targeted at those people who are looking to keep costs down, especially in the early part of the mortgage period; typically, though not exclusively, this will be the first-time buyer.

 

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