Different Types of Mortgages!

Ben & I have been thinking about buying for a while and although mortgage rates are ok at the moment, it's the deposit we are struggling to come up with, rent is £600 a month and thats not including any bills or food shopping, so unless we decide to stop eating or to go without gas, electric and water, we are looking at, at least a 10 year wait before we will have any where near enough! Wannabe-homeowners might be amazed at the level of questioning they face when they apply for their first mortgage. But it is no surprise that lenders who are responsible for handing out hundreds of thousands of pounds in borrowings are wary, and want to make sure both they and the homeowner-to-be are making the correct choice. 
The infographic below, courtesy of the Money Advice Service, reveals more about the tricky but tempting balancing act that is the mortgage application. We didn't know there were so many types of mortgage, it's definitely worth doing your research and asking for advice, even if you think you're on top of everything, there can always be more information out there to make the whole process and damn sight easier!
Different types of mortgages - An infographic by the team at Money Advice Service