What is the difference between a primary residential mortgage and an investment?
A primary residential mortgage and a BTL investment mortgage serve distinct purposes in real estate financing. While a primary residential mortgage is specifically designed to assist individuals in purchasing a home for personal use, an investment mortgage pertains to properties acquired for investment purposes, such as rental income or capital appreciation. The role of a residential mortgage broker is crucial in both scenarios. A residential mortgage broker specialises in assisting individuals in securing mortgage loans for their primary residences. They guide borrowers through the mortgage application process, analyse their financial situation, and help them find the most suitable loan terms. On the other hand, a residential mortgage broker can still provide valuable services regarding investment mortgages. They can aid investors in identifying appropriate financing options for purchasing investment properties, considering factors such as rental income potential and property a...