What is a mortgage?

Most people see a mortgage as a long term loan to help buy their home. But the word itself means any loan that's 'secured' against property. This means when the property is sold, the lender has first charge' or in Scotland, a 'standard security' and must be paid first. With your home as security, the lender is usually able to offer you a lower interest rate than you find with other types of loan.

Types of Mortgages
There are many different types of mortgage on offer to suit many different purposes. Here's our guide to the most popular options. Remember, your adviser or your lender can give you full details and provide all the help you need to choose the mortgage that's best for you.

Get a free mortgage quotation