Types of UK Mortgages: A Quick Guide for Homebuyers

Choosing the right mortgage can feel like navigating a maze. The UK mortgage market in 2025 offers more flexibility than ever.

Types of Mortgages:

• Fixed-Rate: Interest stays the same for a set time (2–10 years). Predictable payments.
• Tracker: Moves with the Bank of England base rate. More flexible but variable.
• SVR: Standard rate after fixed/tracker ends. Usually higher.
• Discount: Discounted from the lender's SVR for a limited time.
• Offset: Links your savings to your mortgage to reduce interest.
• Interest-Only: Pay interest only; repay full loan later.
• Guarantor: A family member guarantees your loan.

Final Thoughts:

Pick a mortgage based on your income, deposit, and risk appetite. A mortgage adviser can help you decide.

Book a consultation today and find the deal that fits your needs.