1. Residential

• Aimed at those planning to live in the property they purchase.
• Mortgages may be approved for up to five times the borrower’s annual salary.
• Up to 90% of the sale price may be borrowed if sufficient means can be demonstrated.
• Mortgages can be for up to 20 to 25 years.

2. Buy-To-Let

• Aimed at those planning to purchase a property in order to let it out to tenants.
• Lenders typically offer finance provided the monthly rent is no less than 120% of the monthly mortgage repayments.
• Lenders usually provide mortgages for up to 70% of the value of the property
• Mortgages can be for up to 20 to 25 years