This section provides basic information about mortgage options. It also explains what you can do if you can’t pay your mortgage or if you are already in arrears, including information on mortgage rescue schemes and ‘sale & rent back’ options.
If you are claiming certain benefits, you may be able to get help paying a mortgage through Support for mortgage interest payments. More details are outlined in the page below.
The decisions you make about your mortgage are very important, so you may need one-to-one help. Shelter Cymru cannot give financial advice. A financial adviser or mortgage broker can help you to understand all of the different options. Always check the Financial Services Register to be sure that any financial adviser or broker that you use is authorized by the Financial Conduct Authority.
Although the features and benefits of mortgages vary, all mortgages involve repaying the capital sum (the amount you borrowed) plus the interest on the loan