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Introduction to Mortgage Types - click here for a quote

Mortgages can be categorised into a small number of basic types with slight variations added by the lenders to make theirs stand out as different. They are:


The variations can include:


  • Stepping the mortgage rate so that it starts lower and then increases a year or two later
  • Providing various levels of cash-back with the mortgage loan
  • Building-in flexibility to allow overpayments if the borrower can afford it
  • Mixing the schemes, i.e. fixed rate mortgage for one year and capped rate mortgage for the next two

These are only examples. Each of the four types contains a graph which attempts to show the basic differences in diagrammatic form. They have been exaggerated somewhat to try and clearly identify their individual traits.





No information on this website is intended to constitute advice. This site contains a summary of the information relating to the products and is not intended to promote any specific mortgage or insurance product or provide mortgage or insurance advice. It is for information purposes only.