What’s the right mortgage for me?
With so many mortgage options out there, how can you be sure you’re getting the best one for you? This quick guide should make things clearer. Just choose the statement that matches your thinking and click for more information.
I want a mortgage that has fixed monthly payments to help me budget
With a fixed rate mortgage, repayments remain the same during the fixed rate period, no matter what happens to interest rates.
Please remember if our interest rates fall or rise your monthly payments will still stay the same during the fixed rate period.
With a base rate tracker mortgage your rate will automatically drop when the Bank of England base rate falls – but remember, if the base rate goes up, your mortgage rate will too.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year. The tax free rate is the rate of interest payable where interest is exempt from income tax. The favourable treatment of ISAs may change in the future.
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