Which mortgage is right for you
November 2nd, 2007 Filed Under Mortgage comparison
I have spent close to a year reading up on all the different mortgages available and trying to work out which ones are best for each circumstance. For example you may be looking to get onto the property ladder meaning the mortgage that will best suit your need will differ from that of someone who owns multiple properties already.
The way I see it, there are 8 main mortgages available and each one has its own pros and cons. The 8 are as follows:
- Standard variable rate
- Fixed rate
- Offset
- Flexible
- Discounted rate
- Tracker rate
- Capped rate
- Buy to let
At first sight this list can seem daunting and confusing but I will go through each one in future posts with a brief description and then an indepth discussion of the benefits of each one.
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