Things to consider
Are there any risks?
A mortgage has one key difference to other loans - it is secured against your home. If you can't keep up with your monthly repayments or you get into financial difficulties, we would work with you to sort something out, but as a last resort, we can sell your home to recover the money we lent you.
Please remember, house prices can go down as well as up. If you owe more than the current value of your home, you will be in negative equity. If you need to move home and sell your property, and if its value has dropped below what you paid for it, there may be a shortfall between the amount you owe on your mortgage and the amount you get for the sale which you will need to repay.