3 - 'Which one is the best for me?'

Until we've had a good chat, it's impossible to say. Some people like the certainty of a fixed rate. Others like the possibility of their payments going down and so choose a variable rate.

When we've helped you choose which type of mortgage you want, you then decide how you want to pay it. There are two ways:

  1. Repayment. With a repayment mortgage, each month you pay a bit off the loan, as well as the monthly interest. At the end of the term you owe nothing.
  2. Interest only. With interest only your payments are lower, but only cover the interest on the loan.

Next: Want to Borrow extra?