PHILLIPS CAPITAL

A residential mortgage is a loan secured against a residential property, typically used to purchase a home or refinance an existing mortgage. These mortgages are designed for individuals or families intending to live in the property as their primary residence, though they can also apply to second homes or buy-to-let properties in some cases. They are tailored to various life stages and financial goals, such as buying a first home, accommodating a growing family, funding home improvements, or securing better loan terms. 

Buy-to-Let (BTL) mortgages are tailored for property investors, including individuals, Limited Companies (LTDs), Limited Liability Partnerships (LLPs), or Special Purpose Vehicles (SPVs), who aim to generate rental income and potential capital appreciation. BTL mortgages are distinct from residential mortgages due to their focus on rental income and investment returns, and they are typically assessed based on the property’s ability to generate rent rather than solely on the borrower’s income.

Unsecured loans provide capital to businesses or individuals without requiring collateral, such as property, equipment, or other assets, to secure the loan. Instead, lenders evaluate the borrower’s creditworthiness, income, or revenue to determine eligibility and terms. These loans are highly versatile, supporting a range of needs for small and medium-sized enterprises (SMEs) and individuals, from business growth and emergency funding to personal expenses like home improvements or debt consolidation.