Interest Rate Options

Once you have decided which style of mortgage suits you best, you then need to choose an interest option. The kind of interest you choose can affect how long you are tied to the same lender and the type of penalty fee you may have to pay if you move house or switch lenders in the future.

Select an interest option from the menu below to find out more.

Base-Rate Tracker: An option where the interest rate you pay will never be more than a fixed percentage above bank base-rate.
Capped Rate: This rate is guaranteed not to go above a certain level during a fixed length of time.
Discounted Variable: Pay a lower than normal variable rate for a fixed period of time - from 6 months to as much as 5 years.
Fixed Rate: Ideal for those who want to know exactly how much they'll be paying each month.
Standard Variable: The standard variable rate (SVR) goes up and down in line with interest rates in general.