ISA Mortgages

 

This type of mortgage works in exactly the same was as endowment mortgages. The capital amount borrowed is repaid when a series of Individual Savings Accounts are cashed in. ISA's give you the option of investing in the stock market and life assurance policies like endowments as well as cash, and all returns are paid tax free.

Investment Mortgages

 

These mortgages are designed for those people who are looking to accumulate property to produce an additional income. You can purchase any number of properties up to any amount of money providing you fit the Lender's criteria.

These types of schemes provide an efficient way to purchase properties on an on going basis as the amount you can borrow is normally based on your status as well as the potential rental income that the particular property will provide. You can take these mortgage out on an interest only or a repayment basis. These mortgages should not be confused with the mortgages that allow you to Let and Buy. With the Let and Buy products the lender will generally allow you to purchase one property in addition to your current home. you will then let out your existing property and move into the one you are buying.