Mortgage Products

 With Fixed Rate Mortgage products the interest rate you pay will stay the same throughout the length of the deal, no matter what happens to interest rates. You’ll see them advertised as ‘two-year fix’ or ‘five-year fix’, for example, along with the interest rate charged for that period. 

 With Capped Rate mortgage products your mortgage payment won't go above a certain level, but because they are a kind of variable rate, they also let you benefit from lower payments when rates go down. 

 This is the normal interest rate your mortgage lender charges homebuyers and it will last the term of your mortgage or until you take out another mortgage deal. Standard Variable Rate mortgage products may experience changes in the interest rate after a rise or fall in the base rate set by the Bank of England. 

 As mortgage providers we also offer Buy To Let mortgages. This is a loan for purchasing or refinancing a residential property which is then let to tenants rather than lived in by the borrower. 

 Repayment Mortgages are the more traditional and popular type of mortgage today. The reason these mortgage products are popular can be attributed to the cautious attitude that people have when it comes to risk and protecting their home and rightly so. 

 Interest only mortgage products are more of a risk than your standard repayment mortgage. The monthly payment to the lender is lower, as you are only paying the interest on the loan. With an interest only mortgage none of the capital is paid off therefore the loan amount never decreases.  

 Let-to-buy is where a mortgage borrower keeps hold of their existing home and rents it out to tenants, and then buys a new home for themselves and their family to live in.