Mortgage rates

Tailored rates with firstmortgage.co.uk

Before you make a decision on your mortgage, it’s important to understand the different types of mortgage rates with which you can be confronted.

Essentially, there are seven main mortgage rates, each of which offers different benefits and different types of repayment plans. With First Mortgage, you’ll be able to scour the UK market for mortgage deals and mortgage rates from over 150 mortgage lenders.

Which mortgage rate suits you best?

When choosing a mortgage rate, it’s important to figure out what your main priorities are regarding repayment. For instance, if you’re keen to plan out your financial future with certainty for the next two to three years, a fixed rate mortgage will protect you from any hikes in the interest rates. Alternatively, a flexible mortgage rate lets you vary your monthly payments

 so if you feel the financial belt tightening during one month, you’ll be able to reduce your monthly mortgage payments until your finances improve the month afterwards.

Other mortgage rates include tracker mortgages, discounted rate mortgage, capped mortgage rates, current account mortgage rates and offset mortgage rates.

Find out more about types of mortgage rates

Mortgage rates for first-time buyers

If you’re a first time buyer, you’ll also be able to find a range of special mortgage rates, including guarantor agreements or 100% no deposit mortgages - so you’ll find getting onto that property ladder one step easier with First Mortgage.

Mortgage and property reading:

Financial Services Authority | Financial Ombudsman Service | BBC Your Money | UK Government Consumer Information | Royal Institution of Chartered Surveyors | Council of Mortgage Lenders | Citizens Advice Bureau

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