Mortgage Hub
The main types of mortgages in the UK, explained simply.
There are more types of mortgages in the UK than most people realise — and the right one depends on your situation, not just the headline rate. Below we break down the main options in plain English, then point you to the right FCA-regulated broker who can match you to a deal. nextmove is an introducer: we don’t lend or advise, we connect you to people who do.
Two questions decide your mortgage type
Every UK mortgage comes down to two choices: how the interest works, and how you pay it back.
1. How the interest works
Fixed, variable, tracker, discount or offset — this decides whether your payments stay the same or move with interest rates.
2. How you repay it
Repayment (you clear the loan over time) or interest-only (you pay just the interest and repay the balance later).
Mortgages by how the rate works
The structure of your interest rate affects your monthly payment and how exposed you are to rate changes.
Fixed-rate mortgages
Your interest rate — and monthly payment — stays the same for a set period, usually two to five years. Predictable and popular.
Learn more →Variable-rate mortgages
Your rate can move up or down over time, often following the lender’s standard variable rate. More flexibility, less certainty.
Learn more →Tracker mortgages
Your rate tracks the Bank of England base rate plus a set margin, so payments rise and fall directly with the base rate.
Learn more →Offset mortgages
Link your savings to your mortgage to reduce the interest you pay, while keeping access to your money. Useful for bigger savers.
Learn more →Repayment vs interest-only
The two ways to pay a mortgage back. We explain the difference, who each suits, and what lenders look for.
Learn more →Mortgages for your circumstances
The right mortgage often depends less on the product and more on you. These guides cover the most common situations — and the brokers who specialise in them.
First-time buyer
Deposits, schemes and how much you can really borrow — explained without the jargon.
Explore →Remortgaging
Switch deals, release equity or consolidate before your fixed rate ends.
Explore →Buy-to-let
Personal or limited company, first-time landlord or portfolio — the lenders who say yes.
Explore →Self-employed
One year of accounts? Contractor? We match you to lenders who understand your income.
Explore →Bad credit
Missed payments, defaults or a CCJ don’t have to end the conversation. See your options.
Explore →Second charge
Borrow against your home without touching your current mortgage. When it makes sense.
Explore →Not sure which type suits you?
That’s exactly what the experts are for. Tell us your situation and we’ll introduce you to an FCA-regulated broker who’ll find the right mortgage type for you — free, with no obligation.
Get matched now →