Types of mortgages

It’s a good to know what the different types of mortgages are, so you can feel fully prepared for a conversation.

What are mortgage terms and how do they work?

A mortgage term refers to the number of years it will take to repay your loan, as well as the interest.

You can either contact a mortgage broker or go direct to a lender, depending on what’s right for you.

Choosing a 2 or 5-year fixed rate mortgage

Over the course of a mortgage term, you’ll be able to select different mortgage types and deals so you can pay your loan off in the way that works for you.

Getting your Mortgage in Principle

Find out how much you can borrow
You could get property viewings faster
Your credit rating won’t be affected
You’ll be 1 step closer to a mortgage offer

What are the current UK mortgage rates?

How will a lender use your credit score?

Getting your Mortgage in Principle

Please note: Your home may be repossessed if you do not keep up repayments on the mortgage. Rightmove is not authorised to give financial advice; the information and opinions provided in these articles are not intended to be financial advice and should not be relied upon when making financial decisions. Please seek advice from a regulated mortgage adviser.

Types of mortgages

Understanding mortgage and interest rates

Getting your Mortgage in Principle

MORTGAGE GUIDES

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