Get best Mortgage deals
Take a look at our comparison tables to determine which type of interest rate deal and method of repayment is right for you:
- Tracker – this interest rate will be tagged to the Bank of England base rate will therefore increase or decrease in line with the base rate. This means that the interest rates you pay on your mortgage will be affected on the central banks perception of the health of the economy.
- Fixed rate – the interest rate is fixed for a set term, which will is likely to be switched to the lender’s standard variable rate when the interest rate term ends.
- Offset – the interest rate is reduced by the interest you earn on your savings. You can make underpayments and overpayments which may reduce the overall size of your mortgage and allow you to put an irregular stream of income to good use.
- Standard variable rate – this is the lenders normal rate, which can be changed at its own discretion, although this is likely to be as a result of market conditions
It is important to find the right mortgage information before rushing into an agreement. You should consider using your existing lender to receive bonus features with your mortgage deal and it is worth speaking to a range of lenders, in order to find the lender who you are most well suited to.