Residential Mortgages2025-09-25T15:31:41+00:00

Residential Mortgages

Residential mortgages provide long-term finance for people buying or remortgaging a home to live in. They are the most common type of mortgage and are available for first-time buyers, home movers and those refinancing existing borrowing.

As an experienced residential mortgage broker, Avid Finance offers clear advice and access to lenders across the market. Our team helps you find a mortgage that suits your circumstances and long-term goals.

  • Lowest rates from 3.5%

  • Fixed and variable rates

  • Overpayments permitted

  • First-time buyers

  • Self-employed and CIS

Octopus Real Estate
Colenko
Redwood Bank
Precise Mortgages
MT Finance
Pivot
HTB
Avamore Capital
Allica Bank
HSBC
Nationwide Building Society
Ortus Secured Finance
Residential mortgages

What are residential mortgages?

A residential mortgage is a loan secured against a property you intend to live in. Repayments are made monthly and can be arranged on a repayment or interest-only basis, depending on the lender and your circumstances.

These mortgages are used for buying a home, remortgaging to a better deal or releasing equity. Avid Finance searches the market, compares residential mortgage rates and ensures your application is presented effectively to suitable lenders.

First-time buyer

Access a huge range of mortgage lenders and alternative options.

Self-employed

Present your self-employed income to secure the best terms.

CIS mortgages

Get help preparing your CIS earnings to present to mortgage lenders.

Second home mortgages

Assess your earnings and affordability to determine the best options.

How residential mortgages work

The process starts with an assessment of your income, credit history and deposit. Lenders also review the property value and loan-to-value ratio before offering terms.

Rates and criteria vary widely depending on the size of your deposit, the type of property and your financial profile. Avid Finance manages the application, explains your options clearly and helps you compare offers across multiple lenders.

Experts in specialist residential mortgages

Tailored to your circumstances

Instant credit decision available

Easy application process

Enquire now

Key facts

Loan Amount £50,000 to £50 million
Loan Term Loan terms up to 35 years
Loan-to-Value (LTV) Up to 95% LTV
Rates Initial rates from 3.5%
Repayment Types Interest-only or capital repayment
Employment Status Employed, self-employed and CIS
Credit Status Flexible and credit and income
Region England, Wales, Scotland and Northern Ireland

Client reviews

Henrik, Birmingham

The team at Avid Finance were able to arrange a bridge loan on a semi-commercial property within a week. Best service bar none.

Ross, Wandsworth

Avid Finance provided an exceptional personal service… the only firm I spoke to that I felt truly had my needs at the heart of the discussion.

Mandeep, Southall

I would strongly recommend Avid Finance for corporate/commercial deals. They have variety of products depending on our need and urgency.

Residential mortgages explained

Who can apply for a residential mortgage?2025-09-25T10:25:43+00:00

Anyone buying or refinancing a property they intend to live in can apply, subject to lender criteria on income, credit history and deposit size.

How much deposit is usually required?2025-09-25T10:25:49+00:00

Deposits typically start from 5–10% of the property value, though lower rates are often available with larger deposits.

What are typical residential mortgage rates?2025-09-25T10:25:54+00:00

Rates vary depending on the loan-to-value ratio, credit profile, income and product type. A broker can compare options across lenders to help you secure the most suitable deal.

Can you have two residential mortgages?2025-09-25T10:26:00+00:00

Yes, it is possible to hold more than one, for example if you buy a second home. However, lenders assess affordability carefully and criteria are stricter than for your main residence.

Can you change a buy to let mortgage to residential?2025-09-25T10:26:08+00:00

Yes, but it requires switching products and gaining approval from a lender. Criteria differ, and not all lenders allow this. A broker can guide you through the process and find suitable options.

How long do residential mortgages last?2025-09-25T10:26:14+00:00

They are long-term products, typically running for 20–35 years, though shorter terms are available depending on your repayment strategy.

What’s the difference between fixed and variable rates?2025-09-25T10:26:19+00:00

A fixed rate stays the same for the agreed term, while a variable rate can move up or down with market conditions or the lender’s standard rate.

Can I repay my mortgage early?2025-09-25T10:26:28+00:00

Yes, but many products have early repayment charges within the initial deal period. A broker can help you understand the costs and benefits.

What fees are involved?2025-09-25T10:26:33+00:00

Alongside interest, costs may include arrangement fees, valuation fees, legal fees and sometimes broker fees. These vary by lender and product.

Why use a residential mortgage broker?2025-09-25T10:26:40+00:00

A broker has access to a wide panel of lenders, compares products, and packages your application to improve approval chances and secure the best terms.

Speak to a residential mortgage specialist

Whether you’re a first-time buyer, moving home or remortgaging, our team can help. Avid Finance provides independent advice and access to lenders offering competitive residential mortgages.

Avid Finance Ltd (FCA 911867) is an Appointed Representative of Connect IFA Limited (FCA 441505) which is authorised and regulated by the Financial Conduct Authority. The FCA do not regulate some forms of Business Buy to Let mortgages or Commercial Mortgages to Limited Companies.

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at customers based in the UK. Avid Finance Ltd is Registered in England and Wales No. 12080480. Registered Office: 1 Lyric Square, London W6 0NB. ICO Number ZA532645.

Fees: We normally charge a fee for mortgage advice. The amount will depend on your circumstances. A typical fee would be £500. Foreign currency mortgages: Changes in the exchange rate may increase the sterling equivalent of your debt.

Warning: your property may be repossessed if you do not keep up repayments on your mortgage.

How to make a complaint: It is our intention to provide you with a high level of customer service at all times. If there is an occasion when we do not meet these standards and you wish to register a complaint, please write to: Compliance Department; Connect IFA Ltd, 39 Station Lane, Hornchurch, RM12 6JL or call: 01708 676110. If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service www.financial-ombudsman.org.uk.

Commission disclosure: We are a credit broker and not a lender. We have access to an extensive range of lenders. Once we have assessed your needs, we will recommend a lender(s) that provides suitable products to meet your personal circumstances and requirements, though you are not obliged to take our advice or recommendation. Whichever lender we introduce you to, we will typically receive commission from them after completion of the transaction. The amount of commission we receive will normally be a fixed percentage of the amount you borrow from the lender. Commission paid to us may vary in amount depending on the lender and product. The lenders we work with pay commission at different rates. However, the amount of commission that we receive from a lender does not have an effect on the amount that you pay to that lender under your credit agreement.

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