Online Mortgage Advice

Getting a Mortgage

Suppose you're a first-time buyer or simply looking to remortgage your property to change to a better deal or to take equity out of your home for other purposes. In that case, the number of products on the market can be challenging to choose from as there are many options.

The days of a 100% mortgage are in the past, and Loan-to-Value (LTV) rates are also at all-time lows. Many people have allowed their previous loans to lapse into Standard Variable Rates (SVR) because the Bank of England base rate is so low.

Types of Mortgages Explained

There are many options to consider when deciding which product is best for your personal circumstances, so we have produced guides on all types of mortgages. Most people in the UK like to have some form of deal, although many have lapsed onto variable rate mortgages because the Bank of England base rate is so low.

The other options available include:

  • Fixed-rate mortgages have interest rates fixed for a pre-determined period of time.
  • Tracker mortgages track the Bank of England base rate at specific percentage points above it.
  • Offset mortgages pool all your accounts together to reduce the overall interest charged and the length of the loan.

For fixed rates, your choice is normally limited to 2 or 3 years, but many people have opted for 10-year fixed rate mortgages, where the rates are fixed for 10 long years. If you are a landlord and rent out your property, then check out our best buy-to-let mortgages rates to see how you could reduce your monthly costs.

To find the latest deals available, see the current mortgage offers and get a quote for your circumstances. Be sure to compare all mortgage rate deals for fixed and tracker rates from all lenders in the UK before making any decisions.

Housing and Property Market Data

In our property section, you can view UK property prices and housing market predictions. We publish the latest news and forecast trends from the main price index companies such as Nationwide and Halifax building societies. This data is published each month and we also add in the latest trends and news in between when this data is published.

Whatever type of mortgage you choose, you should carry out your own research and use an independent financial adviser where appropriate. This site is for information purposes only.