What type of mortgage do I need?

There are many different types of mortgages. Some are designed specifically for first-time buyers, others are designed for landlords, and others still are for remortgaging only.  

Mortgages if you are a first-time buyer 

First-time buyer mortgages can let you buy a home even if you have a small deposit.

There are also specific mortgages and schemes aimed at helping first-time buyers purchase their first home. These include:

Help to Buy mortgages 

These can improve your chances of buying a home if you have a small deposit with help from the government. 

Right to Buy

This scheme lets you buy your council house at a discounted price, and you can use the discount as part of your deposit. 

Guarantor mortgages 

These mortgages could help you buy a property with a small deposit if a relative or friend is willing to be named on the mortgage with you and step in if you miss any payments.

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