Types of Mortgages – Repayment/Interest Only Mortgages

Types of Mortgages – Repayment/Interest Only Mortgages

• Home Page
  
• Mortgage Refinance
  
• Contact Us
  
• Mortgage Calculator
  
• Home Mortgages
  
• WWW Links
  
• Apply For A Quote
  
• Interest Only Mortgages
  
• Mortgage Rates
  
• Types of Mortgages
  

---

Types of Mortgages – Repayment/Interest Only Mortgages

Are the types of mortgages starting to get too much? Do you need a helping hand out of the maze and obstacles of the mortgage market?

we can introduce you to companies who offer specialist advice on the most competitive types of mortgages on the market.

we can introduce you to companies who has years of experience providing the UK with great Interest Rates, so you know you can trust them to give you a great deal.

It doesn’t matter how much you need for the mortgage, we can introduce you to companies who can provide a mortgage for standard applications as well as self employed people, people with no proof of income, people with mortgage arrears and CCJ’s.

Your guide to the types of mortgages available, including repayments, interest only mortgages, discounted and variable rate.

• Standard Variable Rate Mortgage
Your monthly payments will go up or down when the lender\'s mortgage rate changes. Mortgage rates tend to move in line with the Bank of England base rate.

There are 2 types of Standard Variable Rate Mortgage;

• A Tracker Mortgage
With a Tracker Mortgage the interest rate is a set amount above or below the Bank of England or some other base rate. It always tracks changes in that rate.

• A Discounted Interest Rate Mortgage
In this case your payments are variable, but they are fixed at less than the lender's standard variable rate for a set period of time. At the end of this period, you are usually charged the lender's standard variable rate.

• Interest Only Mortgages
Interest Only Mortgages are what they sound like - a mortgage whose repayments are only offset against the interest that is due on the bankruptcy services and not against the capital amount of debt.

• Fixed Interest Rate Mortgage
Your payments are fixed at a certain level for a set period of time, for example two, five or ten years and maybe even longer.

• Capped Rate Mortgage
The interest rate for this type of mortgage is variable and often linked to a base rate, such as the Bank of England base rate. Your monthly payments will go up and down according to changes in the specified base rate.
However, the interest rate will not rise above a set level (the ceiling or cap) during the period of the deal. At the end of the period, you are usually charged the lender's standard variable rate.

• Collared Rate Mortgage
This arrangement can be used in conjunction with a capped rate and/or a variable rate tracker mortgage. Your payments are variable but will not fall below a set level (the collar or floor).

Apply online today and let we can introduce you to companies who help you choose the right type of mortgage for you with the most competitive Interest Rates!

Written quotations available on request.