Mortgages
Mortgage Rates Explained
Understanding fixed, tracker, and variable rate mortgages in the UK. Learn which mortgage rate type is right for you.
1:4010 January 2025
Chapters
0:00Fixed Rate Mortgages
0:30Tracker Rate Mortgages
0:55Standard Variable Rates
1:15Choosing the Right Rate
Video Transcript
We explain the three main types of UK mortgage rates: fixed rates that stay the same for a set period (2-10 years), tracker rates that follow the Bank of England base rate, and standard variable rates set by your lender. Learn when each type works best, how to compare deals, and why most borrowers choose 2-year or 5-year fixed rates.
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