We have made our mortgage comparison tool as simple as can be. Simply select your deposit amount at the top and adjust both the amount you are looking to borrow and the term time to your preferences. Our system will then show you a list of offers from leading lenders, so that you can compare mortgage rates, terms, and monthly payments.

The mortgage product term refers to the length of time for which a specific mortgage deal’s terms (such as interest rate) apply. For example, if you have a 5-year fixed-rate mortgage product on a 25 year term, the amount you repay will be fixed for the duration of your mortgage product term - 5 years. After which, the product term will end and you will likely revert back to a Standard Variable Rate (SVR) mortgage for the remaining 20 years of your mortgage term.

A fixed-rate mortgage is a mortgage deal that offers an interest rate that stays - ‘fixed’ - at the same price for a set period of time. This will usually be either a mortgage term of 2 years, 5 years, or 10 years. Generally, fixed-rate mortgages can allow you to budget more consistently as your monthly payments will remain the same throughout that fixed term time.

A Standard Variable Rate (SVR) mortgage has an interest rate that fluctuates at the lender’s discretion. As such, with a SVR mortgage, your monthly payments can rise or fall over time, depending on the economy and state of the mortgage market. Despite popular belief, SVR Mortgages are not directly linked to the Bank of England’s Base Rate. SVR can offer the potential of paying a low interest rate, but is considered more of a risk due to the unpredictability of the changing interest rates that could follow. However, there are no early repayment charges with SVR deals so you may be able to quickly switch to a favourable deal quickly at no further cost.

Generally, whether a fixed rate is better than a variable rate depends wholly on your financial situation and risk tolerance. Fixed-rate mortgages provide stability with a clear and predictable repayment amount each month. Whereas, variable rates can offer lower initial payments, but come with the risk of increasing rates over time. When asking yourself if a fixed rate is better than a variable rate, it’s essential to assess your long-term financial goals and decide if you can comfortably repay the mortgage loans in any worst-case-scenario rise in interest.

A Tracker mortgage follows an external interest rate. This will typically be the Bank of England’s base rate, otherwise known as the ‘bank rate’, plus a set percentage. As the base rate changes, your mortgage rate and monthly payments will also adjust accordingly. Tracker mortgages can be beneficial if rates are low, but your overall interest repayment may increase should rates rise.

A discounted variable rate mortgage is a standard variable rate mortgage (SVR) that offers an initial lower interest rate than the lender's SVR. This offer is usually for a specific time, typically for the first 2 or 3 years of your mortgage term. While a discounted variable rate will appeal to most first-time buyers, it is important to note that the interest rates are still subject to change after the offer period ends. At this point, the interest will revert back to a SVR.

Specialist mortgages are mortgages that are tailored to borrowers with unique circumstances. This could include a multitude of borrowers, but to name a few, this would include self-employed borrowers, buy-to-let investors, or those with bad credit. Specialist mortgages often come with a specific criteria, and may have higher interest rates because of it. With that being said, specialist mortgages can help those who may not qualify for standard loans.