A guide to types of mortgages offered in Windsor. Standard Variable Rate mortgage for a mortgage more conventional like Giro and self-certification mortgages. You can check this link to know more about mortgages in Windsor.

1. Standard Variable Mortgage

The most common type of mortgage. mortgage payment depending on the lender's SVR. It is usually influenced by the Bank of England Base Rate.

2. Fixed Rate Mortgage

A mortgage with a term of 2-4 years in which the interest rate on the mortgage payment is fixed.

3. Capped Mortgage

It's like a fixed rate mortgage. It states the maximum interest rate but may fall under some circumstances.

4. Self Certification Mortgage

A mortgage where there is no need to prove your income through published accounts. Often taken by the self-employed.

5. Payment Mortgage

A mortgage where you pay both interest and capital repayments of loans. Most mortgages are mortgage payments. This means that at the end of your mortgage you will have paid off your mortgage debt.

6. Interest Only Mortgage

Mortgage where you only pay interest on the loan and not repaying any capital. This requires a separate investment plan in order to pay off the mortgage capital at the end of the mortgage term.

7. Investment Mortgage.

A type of interest only mortgage but where to take a mortgage also involves taking complementary investment plans to be able to pay off the mortgage debt.