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What Types of mortgage products are available?
There are 7 types:

• Discount mortgages
  The rate of interest you pay is set at an amount below the lender's standard variable rate (SVR), and the rate you pay moves up or down in line with any changes to the SVR. This type of loan is cheaper than Standard Variable Rate at the start of your mortgage and allows you to take advantage of any interest rate cuts. But if interest rates rise, your monthly payments go up. This is particularly popular with first time buyers looking to lower their repayments as much as possible at the start of their mortgage.
• Deferred Start
  Deferred start mortgages are mortgages where you can postpone repayments for one, two or three months at the start of the mortgage. Often mortgage providers will provide flexibility to first time buyers or those who need some financial comfort at the start or during the life of the mortgage to ease your personal financial burden. There are also a host of other mortgage options which have been developed by lenders in response to the needs of first time buyers.
• Fixed Rate mortgages
  The rate of interest on your mortgage is fixed for a set period of time regardless of whether the European Base Rate or the lender's Standard Variable Rate changes.
  Typically mortgages have rates that change over time - with the effect that repayments can go up as well as down. This can make budgeting difficult, but a fixed rate mortgage can help. Fixed rate mortgages are suitable for those who prefer to know exactly what their monthly outgoings will be and are averse to the risk of rates increasing. An Early Repayment Charge may apply if the mortgage is repaid during the fixed period.
  Remember, if interest rates fall, you may miss out on a reduction in your monthly payments.
• Cashback mortgages
  You receive a lump sum or percentage of your loan in cash when you complete your mortgage.
• Tracker mortgages
  Your mortgage interest rate is linked to the ECB rate for a set period. So if the base rate goes up so will the rate of interest you will have to pay on your mortgage, but if the base rate falls so will your monthly repayments.
• Flexible mortgages
  This type of mortgage is designed to accommodate your changing financial needs. It may allow you to overpay, underpay or even take payment holidays. You may also be able to make penalty free lump sum repayments.
• 100% Mortgages
  100% available to certain professionals on a case by case basis.