Personal Mortgages

What is a Personal Mortgage?

Whilst we are a business-to-business broker, one of the things we are asked for time and again are personal mortgages.

What is a personal mortgage

A personal mortgage is a loan secured against a residential property — typically used to buy a home or refinance an existing one. The borrower repays the loan, plus interest, over an agreed term (often 10 to 35 years).

The property acts as security for the lender, meaning if repayments aren’t maintained, the lender has the right to repossess it. Personal mortgages are usually based on your income, credit history, and affordability, and can come with either fixed or variable interest rates.

In simple terms, it’s long-term finance that helps you buy or keep your home, paid back in regular instalments.

We source personal mortgages through a partner business.

So far we have sourced:

  • Mortgages for directors
  • Holiday let mortgages in personal names
  • Mortgages where credit was not perfect (missed payments)
  • Mortgages to consolidate debt
  • Mortgages to pay probate costs
  • Mortgages for inherited property

If you have a personal mortgage need, we can help, get in touch with us here.

Let us help

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