Types of Mortgages Explained
Types of Mortgage Explained
Confused? Which Mortgage Type is right for you?
The types of mortgage scheme available in the mortgage market are diverse. Choosing between the different mortgage interest rates on offer can be confusing. How do you know which mortgage interest rate is best for you? Should you get a traditional mortgage, flexible or offset mortgage?
Advantages and Disadvantages of mortgage types
It takes years of practice and experience for a mortgage advisor to simply learn to explain the difference between a fixed mortgage and a capped or a discounted mortgage and a tracker. Go Direct can help – we have removed the confusion, simply click on a mortgage type and see the mortgage type explained with the advantages and disadvantages of each mortgage type simply explained.
Types of Mortgage interest rates
You have two main decisions when choosing an interest rate; whether to choose a fixed rate or variable rate mortgage, and whether to choose a short or long term mortgage deal. Once you have established this you can then look at the benefits of traditional mortgages, flexible or offset mortgages.
Finding the best mortgage deal to suit your needs can be difficult. There are so many mortgage deals to choose from: fixed rates, tracker rates, flexible mortgages and offset mortgages. So if you still don’t know which is the best mortgage deal for you our simple to use mortgage product selector can help. Click on the statement that most closely reflects what mortgage you want. We will show you the advantages and disadvantages of that type of mortgage, to help you make your mind up.
Do you want fee free mortgage type advice ?
If you're still not sure which type of mortgage to take we have dedicated Mortgage Advisors to help find the best type of mortgage for you.
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Think carefully before securing other debts against your home, your home may be repossessed if you do not keep up repayments on your mortgage.
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We normally do not charge a fee for mortgage advice, however this is dependent on your circumstances. Our typical fee would be £500