Because relatively few people have enough ready cash to buy a house, the majority of home owners take out a loan for the purchase.
Why Take Out a Mortgage?

Most people cannot afford to pay upfront for a property and therefore take out a loan known as a mortgage.

How Much can I Afford to Borrow?

This is determined by how much deposit you can put down, and how much you can afford as regular repayments.

Types of Mortgages

Lenders have developed many different types of mortgages, which offer borrowers different ways to repay.