Services

What is a Product Transfer? A product transfer is when you remortgage with the same lender. Remortgaging doesn't always mean swapping mortgage providers. You remortgage whenever you change the deal you're on, switching to a new rate, term, loan amount or other special features. Why remortgage with the same lender? Mainly because remortgaging with the same …

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No matter what your reasons are for wanting to remortgage, The Official Mortgage Company will help with finding the best deal What is a remortgage? A remortgage is when you change from your existing lender to a new lender whereas a product transfer is when you change to a new product with an existing lender. …

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What is bridging finance? Bridging finance is a short-term mortgage secured against a property, allowing you to release equity quickly before refinancing with another lender. Bridging finance can be used to buy a new home before your current property sells, renovate a property before you put it up for sale or upsize or downsize without …

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An expat is someone who’s currently residing in a country that they’re not a national of. You’re a UK expat if you’re from the UK but live abroad. What is an expat mortgage? An expat mortgage is a mortgage you’d take out on a property in the UK while you’re a UK expat – i.e. …

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Second charge or further advance What is a second charge? A second charge is a secured loan, but it will have less precedence than a first charge. If you default on either the first or second charge, either lender can instigate repossession proceedings. A second charge is usually via a different provider to your main …

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What is a commercial mortgage? A commercial mortgage is a loan which is taken out to purchase or re-finance a commercial property. A commercial mortgage deal is often more bespoke and rates can vary based on the individual’s experience, deposit available and the nature of the proposition. When would you look for a commercial mortgage? …

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How do self build mortgages work? The main difference between a self build mortgage over a traditional mortgage is that the money is released in stages as the build moves forward, rather than as a single lump sum amount. Self build mortgage lenders will release funds for you to buy land; this will normally be …

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Buying your first property can be both exciting and daunting and there are many important decisions to make and criteria to be considered before you take your first steps onto the property ladder. We will advise on all aspects of your first time buyer mortgage and will assist you throughout the home buying process to …

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How do buy to let mortgages work? Over the past few years, more and more people have taken to investing in buy to let property. However, becoming a private landlord should not be seen as an easy way of making money. It can be risky and complicated and it can also be very time consuming, …

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