Variable Rate

• Payments go up and down in line with interest rates.

Capped Rate

• Interest rate is variable with an upper maximum for a guaranteed period. This usually reverts to the lender's standard variable rate at the end of the period.
• Early repayment charge may apply.
• Likely to carry an arrangement fee.

Fixed Rate

With a fixed rate mortgage, your monthly payment won't change for a set period.

• This usually reverts to the lender's standard variable rate at the end of the period.
• Usually a choice of terms available.
• Early repayment charge may apply.
• Likely to carry an arrangement fee.

Discounted Rate

This mortage gives you a guaranteed discount off the lenders standard variable rate for a limited period.  This usually reverts to the lender's standard variable rate at the end of the period.

• Usually a choice of terms available.
• Early repayment charge may apply.
• Likely to carry an arrangement fee.

Flexible Mortgage

• Allows you to vary your payments.
• You can also take payment holidays, however, most lenders require you to have made overpayments before you can take payment holidays. Interest may be charged for this period and added to the loan.
• Gives you the potential to pay off your mortgage early.

Buy To Let

• For a property you want to buy and then let.
• Variable and fixed rates generally available.
• Rental income must exceed the mortgage payment.
• There is no guarantee that it will be possible to arrange continuous letting of the property.
• Rental income may not be sufficient to meet the cost of the mortgage.

Cashback Feature

• Pays a cashback to you after completion.
• Appeals particularly to first time buyers.
• Cashback may need to be repaid on early repayment of the mortgage. Early repayment charges may also apply.