Residential Mortgages
Planning to buy a home in the future? Unless you’re paying in cash, you’ll likely need a residential mortgage. Since residential mortgages are the most common form of home financing in the UK, it’s beneficial to understand how they work.
Whether you’re a first-time buyer, moving home, or remortgaging, you’ve found us for a reason. You need a residential mortgage.
Let’s explore why.
We are Connect Experts—a platform that helps clients find mortgage advisers based on expertise, gender, location, and language. These factors could be why you’re here. Now, let’s focus on residential mortgages.
How Does a Residential Mortgage Work?
When purchasing a residential property, buyers typically need a cash deposit ranging from 5% to 40% of the home’s total value.
For example, if you’re buying a £250,000 home, you would generally need to deposit between £12,500 and £100,000 upfront.
Sometimes, it’s possible to secure a 100% mortgage, meaning no deposit is required. This can be achieved through options like a guarantor mortgage or a family-assisted mortgage, where a family member provides financial backing. Additionally, a mortgage product on the market allows renters to buy a home without a deposit, making homeownership more accessible for first-time buyers.
Other Services we provide
Types of Residential Mortgages and Their Mortgage Needs
Moving Home Mortgages
Whether you’re upgrading or downsizing, securing the right mortgage makes a difference.
First-Time Buyer Mortgages
If you’re buying your first home, you may qualify for government schemes or need help navigating the process.
Remortgaging
If your mortgage deal is ending, switching lenders or finding a better rate can save you money.
Credit Problem
If you have credit issues, there are lenders who specialise in helping those with a less-than-perfect credit history.
Short-Term Bridge Loans
Need funds quickly? A bridge loan can help cover gaps in financing while you secure a long-term mortgage.
Fast Loans
If you need a loan approved quickly, expert advisers can connect you with lenders offering expedited approvals.
Equity Release
Age doesn’t have to be a barrier—specialist lenders offer options for retirees and older buyers.
Find the Right Residential Mortgage Adviser
Finding the right mortgage adviser can be challenging, especially when your needs are unique. Whether you’re a first-time buyer, self-employed, or need a specialist lender, expert advice is crucial.
This is where Connect Experts helps. Instead of searching through countless brokers, our platform allows you to find a mortgage adviser based on expertise, location, language, and even gender—ensuring you receive advice tailored to your needs.
Avoid time-consuming, generic recommendations. Find the right residential mortgage expert today and take the next step towards securing the best deal for your home.