Hands holding a model house

What is a mortgage?

  • Video guide to how a mortgage works
  • The differences between the mortgage types on offer and their pros and cons
  • Which type of mortgage is right for you
  • The advice you need to make an informed decision about which mortgage to choose

What's in this guide

Mortgage types

Compare the different types of mortgage so you can choose the best kind for you.

What is a mortgage? Video guide

Our short videos explain what a mortgage is and the concept of mortgage APR Contains video

Fixed-rate mortgages

A fixed-rate mortgage can provide peace of mind - but it's not always the cheapest option.

Should I get a fixed-rate mortgage?

Understand the pros and cons of fixing before making your decision.

Tracker mortgages

A tracker mortgage deal will follow the base rate at a set margin - and could prove good value.

Discount mortgages

A discount mortgage deal is set below a lender's SVR but watch out for the risks involved.

Standard variable rate mortgages

We help you decide whether a standard variable rate mortgage deal is the right choice for you.

Interest-only mortgages and repayment mortgages

Understand the key differences.

Offset mortgages

We explain how offset mortgages work, who they're best for, and if they really can reduce the amount you pay.

Bank of England base rate

What is the Bank of England base rate and how does it affect mortgages? Contains video

A-Z mortgages jargon-buster

Know your arrears from your equity with our jargon-busting glossary of key mortgage terms.

Your home may be repossessed if you do not keep up repayments on your mortgage.

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