There are many mortgage products available on the market today each designed to suit the differing needs and circumstances of the property buyer. Currently, the most common mortgage products are;

With a standard variable rate mortgage the lender will set a rate that will fluctuate in line with economic conditions. A standard variable rate mortgage will generally not have any restrictive clauses although there may be more attractive interest rate options available. A standard variable rate mortgage may be suitable for someone who does not wish to commit themselves to a tie in period in the form of redemption penalties.

As Independent Mortgage Advisors, plusmortgages have access to thousands of mortgages packages from hundreds of lenders. So, to find the RIGHT first time buyer mortgage deal for you either fill out our enquiry form; request a call-back; or freephone 01708 76 55 55 to talk directly with an advisor.

Your home is at risk if you do not keep up repayments on a mortgage or other loans secured on it.

With a base rate tracker mortgage, the mortgage rate 'tracks' or follows the bank base rate set by the Bank of England. If a borrower selects the base rate tracker mortgage, monthly mortgage repayments will immediately reflect any changes in the Bank of England base rate However, this may also be a disadvantage since there is no protection against any rise in interest rates, making a possible increase in monthly mortgage repayments should the bank base rate rise.

As Independent Mortgage Advisors, plusmortgages have access to thousands of mortgages packages from hundreds of lenders. So, to find the RIGHT first time buyer mortgage deal for you either fill out our enquiry form; request a call-back; or freephone 01708 76 55 55 to talk directly with an advisor.

Your home is at risk if you do not keep up repayments on a mortgage or other loans secured on it.

With a fixed rate mortgage the lender will offer a mortgage where the interest rate remains fixed for a given period. Once the fixed rate term has expired the interest rate will revert to the standard variable rate available at that time. The fixed rate mortgage will protect the borrower against possible rises in interest rates making budgeting easier, however if interest rates fall below the agreed fixed rate, the fixed rate mortgage could work out to be an expensive option. Redemption penalties may also apply if the mortgage is repaid or changed during the fixed rate period.

As Independent Mortgage Advisors, plusmortgages have access to thousands of mortgages packages from hundreds of lenders. So, to find the RIGHT first time buyer mortgage deal for you either fill out our enquiry form; request a call-back; or freephone 01708 76 55 55 to talk directly with an advisor.

Your home is at risk if you do not keep up repayments on a mortgage or other loans secured on it.

With a discounted rate mortgage, the lender offers a discount off the standard variable rate to the borrower for a set period. The discounted rate will be directly linked to the lender's variable rate and this rate will usually apply for the first few months or years of the mortgage term. The discounted rate may vary if the borrower provides a larger deposit. A discounted rate mortgage may be suitable for borrowers looking to keep repayments lower in the early years of the mortgage, however, redemption penalties may apply if the mortgage is repaid or changed during the discounted rate period.

As Independent Mortgage Advisors, plusmortgages have access to thousands of mortgages packages from hundreds of lenders. So, to find the RIGHT first time buyer mortgage deal for you either fill out our enquiry form; request a call-back; or freephone 01708 76 55 55 to talk directly with an advisor.

Your home is at risk if you do not keep up repayments on a mortgage or other loans secured on it.

With a capped rate mortgage, the borrower pays the standard variable rate with a defined upper limit known as a cap. This means that the interest rate is guaranteed not to rise above this level whilst the cap is in place. Furthermore, should the lenders standard variable rate fall, the borrower will still benefit from this lower rate. A capped rate mortgage may be suitable for borrowers wanting security in knowing the maximum monthly mortgage repayment for a set period, whilst still benefiting should interest rates fall.

As Independent Mortgage Advisors, plusmortgages have access to thousands of mortgages packages from hundreds of lenders. So, to find the RIGHT first time buyer mortgage deal for you either fill out our enquiry form; request a call-back; or freephone 01708 76 55 55 to talk directly with an advisor.

Your home is at risk if you do not keep up repayments on a mortgage or other loans secured on it.

With a cashback mortgage, the lender agrees to provide a set percentage of the amount borrowed as a cash payment to the borrower on completion of the mortgage. A cashback mortgage is usually linked to a lenders standard variable rate, however it can also be combined with fixed or discounted rate mortgages. There will usually be a tie-in period where the cashback received must be repaid to the lender should the mortgage be redeemed during this period.

As Independent Mortgage Advisors, plusmortgages have access to thousands of mortgages packages from hundreds of lenders. So, to find the RIGHT first time buyer mortgage deal for you either fill out our enquiry form; request a call-back; or freephone 01708 76 55 55 to talk directly with an advisor.

Your home is at risk if you do not keep up repayments on a mortgage or other loans secured on it.

With a flexible mortgage, borrowers may be able to make overpayments, underpayments and in some situations take payment holidays in order to best suit their current financial circumstances. Usually, the interest on a flexible mortgage is calculated daily allowing the borrower to immediately see the effect repayments are making on the outstanding loan amount. Flexible mortgages are usually based on the lenders standard variable rate, so fixed, discounted, capped or cashback rates will not apply. However as flexible mortgages are fast becoming more popular many lenders are offering full flexibility at more competitive rates.

As Independent Mortgage Advisors, plusmortgages have access to thousands of mortgages packages from hundreds of lenders. So, to find the RIGHT first time buyer mortgage deal for you either fill out our enquiry form; request a call-back; or freephone 01708 76 55 55 to talk directly with an advisor.

Your home is at risk if you do not keep up repayments on a mortgage or other loans secured on it.