So you're here to build your financial future right?
Just a few questions then before we get started..
So tell me, what are you here for?
What risk are you looking at taking?
How much savings do you currently have?
Okay, well here's some options..
Fixed-Rate Mortgage
A fixed-rate mortgage has an interest rate that stays the same for a set period of time, typically between 2 to 10 years.
Variable-Rate Mortgage
With a variable-rate mortgage, the interest rate can change over time, depending on the lender’s standard variable rate (SVR) or changes in the wider economy.
Tracker Mortgage
A tracker mortgage tracks a specific interest rate, usually the Bank of England base rate, plus a fixed percentage (e.g., base rate + 1%).
Discounted-Rate Mortgage
A discounted-rate mortgage offers a lower interest rate than the lender’s standard variable rate (SVR) for a set period, usually 2 to 3 years.
Capped-Rate Mortgage
A capped-rate mortgage offers a variable rate with an upper limit or "cap" on how high your interest rate can go, regardless of market conditions.
Offset Mortgage
An offset mortgage links your mortgage to your savings and/or current accounts. The balance in these accounts is "offset" against your mortgage, so you only pay interest on the difference.
