What Are the Different Types of Mortgages Available in the UK in 2025?
- Fixed-Rate Mortgage: Set interest rate for 2, 5, or 10 years.
- Tracker Mortgage: Follows the Bank of England base rate.
- Discounted Mortgage: Offers a discount on the lender’s standard variable rate (SVR).
- Interest-Only Mortgage: Pay interest only, with capital repaid later.
- Buy-to-Let Mortgage: Designed for landlords.
- Guarantor Mortgage: Requires a family member to guarantee repayments.