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With a repayment mortgage you make monthly payments that cover both the interest on the loan and the repayment of the capital itself. As such, a repayment mortgage guarantees your loan will be paid off in full at the end of the term as long as the required monthly payments are maintained throughout.

With an interest-only mortgage you only pay the interest on the loan. You do not pay off any of the outstanding debt until the end of the term.

In order to pay off the original loan amount you will need to take out some form of savings plan which you will need to pay into in addition to the interest only mortgage amount that you will be paying each month. It is your responsibility to ensure that you have sufficient funds to repay the full capital amount at the end of the agreed mortgage period.

Cash-back mortgages are often aimed at first time buyers, as the lender will pay a lump sum of cash, generally at the start of the mortgage which can assist with some of the initial costs of setting up home. Similarly to fixed or discounted rate mortgages the lender will often offer the loan based on a minimum contract period. If the loan is repaid before this period expires, e.g. if you wish to re-mortgage then the lender may request that some or all of the cash - back is repaid.

Self-certification - or a self-cert mortgage - is a way of detailing your income without having to provide proof. This type of loan is typically designed for people whose "Full Household" income is difficult to prove using conventional methods. Self-certification products are especially suitable for a potential borrower whose income is dependent on bonuses, or irregular over-time payments, benefits and maintenance, self-employed people with no accounts or workers on short-term or part-time contracts as well as those with more than one employed position where some income may not be exactly what a lender would accept under normal assessment.

A 100% mortgage is designed to cover the full value of a property, without the need for a separate deposit. This type of mortgage is popular among first time buyers because, although you may pay more interest each month, you may be able to buy a home sooner rather than waiting until you have managed to save enough for the deposit. Some mortgage lenders offer loans in excess of 100% talk to us for more details.

A flexible mortgage provides you with the ability to vary your monthly repayments. The advantage is that if you have extra money, you can make overpayments and thereby pay your mortgage off early so reducing its overall cost. Additionally, if times are lean, you can also make underpayments or even put payments on hold. You can even borrow back your overpayments for large or unforeseen expenditures. And thereby provide a greater amount of security if the unexpected happens which makes it more difficult to pay your mortgage.

Most borrowers who choose a flexible mortgage will tend to make overpayments. This means that they will be able to make additional mortgage payments in excess of the required monthly figure. The outcome being that the mortgage debt will be paid off earlier, possibly saving thousands of pounds in interest payments. So if you can afford to make some overpayments why not do it? Even overpaying by just a small amount will help reduce your mortgage term.

With a flexible mortgage package, you should be able to pay less than the agreed monthly amount. However, you must have already made some overpayments and your total sum of underpayments must not be greater than the total sum of your overpayments. Be aware that underpaying will add time to the length of your mortgage term, but it could come in handy in months where you need to keep a check on your spending!

Some flexible mortgage deals allow you to take a complete break from making mortgage payments for usually up to several months. This could be useful in a number of ways - for example if you are thinking of starting a family, or embarking on a new business venture. You will have had to build up sufficient overpayments to cover the period you take your payment holiday, and some mortgage lenders may only let you take a couple of months' payment holiday each year.

Borrowing back overpayments you have made can be an ideal way of obtaining extra cash for a specific purpose.

This is one area where flexible mortgages are particularly attractive, as rather than your spare cash earning a low rate of interest in a savings account, the amount you over pay is taken off your mortgage. As such, you are in affect earning the mortgage rate on your savings. Moreover, with borrow back, it's like you have an instant access savings account. So if you want to buy something costly, or you run into unforeseen expense, your money is at hand straight away.

A standard variable mortgage is based on the lender's basic mortgage rate, commonly known as the (SVR). This is usually the rate that you will revert to once a discount or other incentive period ends. The interest rate for this type of mortgage will rise or fall in response to changes in the Bank of England (BOE) base rate or other lending mark such as LIBOR. Lenders are free to decide for themselves the amount that they will alter their own interest rates by in relation to these movements in base rate.

A fixed rate mortgage enables you to know exactly what your monthly payments will be for a pre-determined period of time regardless of any movements in the base rate. If interest rates rise above the fixed rate that you are paying, you will actually save money. However, the reverse of this is also true if the rates go down while the fixed rate deal is in place. You may end up paying more than a comparable standard variable rate (SVR) product. Once the fixed time period expires your mortgage repayments usually switch to the mortgage lender's standard variable rate.

Generally with a fixed rate product there will be an associated "contract" period during which an early repayment charge may be applied if the mortgage is repaid. Note the "contract" period may well extend beyond the period during which the rate is fixed.

As it suggests, a capped rate mortgage places an upper limit on the interest rate that the lender can charge. As a borrower, you have the security of a 'ceiling' to the amount that the lender can increase your mortgage interest rate to. The capped interest rate period is for a specified duration, usually between one and five years. At the end of this period, the mortgage will usually revert to the lender's Standard Variable Rate (SVR).

Be aware that some capped rate mortgages also have a 'collar' or lower limit below, which the interest on your loan cannot fall. Some lenders may attach an early repayment charge for full repayment of the mortgage during, and often for a limited period after your capped period has ended.

This type of mortgage will rise and fall in response to movements in the lender's standard variable rate (SVR). However the amount payable will be a fixed percentage less than the SVR during the discount period. Discount rate mortgages are often considered by first time buyers where initially the income may be stretched but where salary increases may be anticipated, for example at the end of an initial training period. They can also be useful the for new home owners as they can help to free up some money during the early stages to pay for additional expenses such as furniture and decoration. Typical discount periods can last from six months to about five years. It's worth noting that generally the shorter the period of discount, the higher the discounted rate will be. However, some lenders may attach an early repayment charge for full repayment of the mortgage during, and often for a limited period after your discount period has ended.

A tracker rate mortgage will rise and fall in line with the base rate set by the Bank of England.

The tracker mortgage rate will, for a pre-determined period, be set at a percentage that is a fixed difference slightly higher than the BOE base rate. Generally a tracker mortgage will be set at a rate that is lower than the lender's SVR product. Because this type of mortgage usually tracks the Bank of England base rate, if the bank's base rate falls, the interest payments on your mortgage loan will fall accordingly, no matter how low the base rate goes. Don't forget however that the bank's base rate can rise as well as fall, which can make budget planning difficult.

We cover all areas of the UK including:

Aberdeen, Bath, Belfast, Birmingham, Blackburn, Bolton, Bournemouth, Bradford, Brighton, Bristol, Bromley, Cambridge, Canterbury, Cardiff,  Carlisle, Chelmsford, Chester, Colchester, Coventry, Crewe, Croydon, Darlington,   Dartford, Derby, Doncaster, Dorchester, Dudley, Dumfries, Dundee, Durham, Edinburgh, Enfield, Exeter, Falkirk, Fylde, Galashields, Glasgow, Gloucester, Guernsey, Guildford, Halifax, Harrogate, Harrow, Hebrides, Hemel Hempstead, Hereford, Huddersfield, Hull, Humberside, Ilford, Inverness, Ipswich, Isle of Man, Jersey, Kilmarnock,  Kingston, Kirkaldy, Kirkwall, Lancaster, Leeds, Leicester, Lincoln, Liverpool, Llandrindod Wells, Llandudno, London E,   London E-Central, London N, London NW, London SE, London SW, London W, London WC, Luton, Manchester,  Medway, Milton Keynes, Motherwell, Newcastle, Newport, Northampton, Norwich, Nottingham, Oldham, Oxford, Paisley, Perth, Peterborough, Plymouth, Portsmouth, Preston, Reading,  Redhill, Romford, Salisbury, Sheffield,   Shetland, Shrewsbury, Slough, Southampton, Southend, St. Albans, Stevenage, Stockport,  Stoke-on-Trent,  Sunderland Sutton, Swansea, Swindon, Taunton, Teesside, Telford, Tonbridge, Torquay, Truro,Twickenham,   Uxbridge, Wakefield,  Walsall, Warrington, Watford, Wigan, Wolverhampton, Worcester,  York, Yorkshire E, Yorkshire N,  Yorkshire S,   Yorkshire W,