Mortgages - UK&US

Mortgages are one of the biggest financial commitments most people take out in their lives. There are many products available on both the UK ans US market. The UK mortgage industry falls under FSA regulation.

Buy-to-let Mortgages do not fall under FSA regulation. A Buy-to-Let mortgage is taken out for a house that will be let out to tennants. The UK has experienced a large rise in house prices over the last decade any many people have taken advantage of this by investing in houses to let out.

Whatever mortgage you take you will need to decide between fixed rate and variable rate mortgages. Fixed rate mortgages have a fixed interest rate and so is not as dependant on outside economic changes. Whereas a varable rate mortgage can have an interest rate rise or fall inline with the interest rate set out by a country's policy.

The contents of this site are for information only and should not be taken or used as advice.