A bank or company that offers home loans to borrowers is known as a mortgage lender. There are different types of mortgage lenders available in London. Additionally, some mortgage brokers in London provide advice on residential and Buy to let mortgages. One lender could sometimes provide a wide range of loan options.
You get the money to buy your house from a mortgage lender. You make payments toward the principal of your loan each month together with interest. You can compare loan terms from many mortgage lenders to find the lowest rates, fees, and repayment terms for your needs. To determine the most suitable offers, try getting Agreement in Principle from the most suitable lender before starting searching for property.
Original Source:- https://www.quora.com/What-are-the-different-basic-types-of-mortgage-lenders/answer/Ranjit-Singh-3890/log