Mortgages are simple beasts made complex.All that happens in a Mortgage is that you are lent money to buy a
house.The lender has only two concerns, protecting their position, and getting their
interest and capital back.
You can therefore treat all the parts of the mortgage
package separately, putting them together in a deal that fits your needs. ( In practice
the lenders package the most popular mortgage combinations themselves, but an
understanding of the basics of mortgages will help you get the right deal ).
The four parts are :-
See also Overseas
Property for UK Residents. |