Mortgages

A mortgage is a loan to help you buy a house, either as your main residence, a holiday home or a property that you intend to rent to someone else (known as a buy to let mortgage). The loan will be secured on the property, which means that if you do not make repayments on time the lender, as a last resort, has the right to sell the property to recover the debt.

There are two main ways to repay your loan - you can set it up on an interest only basis, or as a capital repayment mortgage.

The bank can offer you a wide range of mortgage products from which to choose, and it is important to choose the one that is most suitable for your financial circumstances.

The amount of money you are offered by the bank will vary depending on your circumstances, the type of loan you decide on and the purpose of the loan.