Every mortgage we arrange is bespoke. Before we recommend a lender we get to know you; your lifestyle, income and goals.
We will tailor a mortgage to precisely fit your needs, whether you are buying for the first time, buying to invest, moving home or a combination.
A million miles away from a comparison site, our expert advisers have access to exclusive deals and will show you the way with clear, considered recommendations.
The interest rate determines how much interest you will have to pay back over the term of the mortgage. We have compiled a guide below to explain some key points regarding the different mortgage types available in the market.
Variable Rate Mortgages - Discount & Tracker
These types of interest rate are typically lower than fixed rates but can change from month to month, so have the potential to increase over time. As the name suggests, a discount rate gives borrowers a discount on a lender’s internal rate, sometimes known as the bank rate or Standard Variable Rate, for a set period of time.
A tracker rate typically follows the Bank of England base rate, usually with a loading above it. As the base rate moves, your rate (and repayments) will increase or decrease with it. For example, if the Bank of England base rate was 1.00% and you had a 0.50% loading, your rate would be 1.50%.
It is important you budget for any potential increases in interest rates.
These are often linked to a current account, with the ability to ‘offset’ savings balances against the mortgage balance. Typical features include being able to under/over pay (without penalty) enjoy payment holidays and being able to borrow additional money (subject to conditions) against your property.
How much you can borrow?
Repaying your mortgage
Capital and Interest
The total cost of your mortgage