There are many mortgage types available on the market, which is why it is more important than ever to shop around for your mortgage. Mortgage types include:
- Annuity mortgages – this is the most popular type of mortgage for homeowners and first time buyers
- Interest-only mortgages – very popular with investors
- Split interest mortgages – great if you can’t decide between a variable or fixed rate mortgages – best of both worlds!
- Split term mortgages – perfect if you are paying off additional debts ensuring that short term loans are repaid over the short term
- Capped mortgages – guarantees some protection against rising interest rates
- Offset mortgages: Offsets your mortgage by linking it to your savings or current account
Our website aims to make your mortgage experience very simple and hassle free! We guarantee that we will work hard to get the best rates and a mortgage process so simple that you can leave all your doubts behind! Check out the options and choose one that suits your requirements the best. Our professional mortgage consultants will guide you through every step of the mortgage process.
Interest rate types
There are two types of interest rates:
- Fixed
- Variable
Fixed interest rates are fixed for a specific time (i.e. 1-year all the way up to 10-year and more in some cases). While your mortgage has a fixed rate of interest, your mortgage repayment remains unchanged.
Variable interest rates – there are 2 types of variable interest rates: Standard and Tracker
With a standard variable rate, the interest rate is managed by the bank and adjusted accordingly.
Tracker interest rate mortgages are ‘tied’ to the European Central Banks base rate. |
