Before you can find the best deals, you’ll need to decide what type of mortgage you want. It may seem as though there’s an endless amount of choice, so we’ve broken it down into sections…

There are just two main types of mortgage:

1. Repayment mortgages

2. Interest Only mortgages

It’s the variations on the ways to repay the interest that can cause confusion. These are:

a) Fixed rate

b) Standard variable rate

c) Capped rate

d) Discount rate

Filed under: Category mortgage info | Tags: mortgage types by admin