ISA mortgages
ISA-backed mortgages have not yet caught the imagination of the mortgage consumer. The advantage of these packages are that you have the facility to choose your own ISA provider, can if you choose regularly review the performance and switch funds or change provider if the performance has not been satisfactory.

Tracker mortgages
Trackers will track the base-lending rate (up or down), either for the whole term or for a fixed period. Trackers are a suitable choice if you believe interest rates will go down in the future.

Flexible mortgages
While most mortgages control you, you have the control with a flexible mortgage. They adapt to changes in your lifestyle and cash flow, letting you underpay, overpay, take payment holidays, pay off lump sums and borrow on over-payments.

Capped-rate mortgages
This type of mortgage has a capped level of interest, which it will not exceed during the capped period you have selected. This provides you with the security that, if interest rates rise, you know what your maximum mortgage payments will be.

Discounted-rate mortgages
You receive a discount off the lender’s variable rate for a specified period. Attractive discounted variable rates are available, but avoid extended redemption tie-ins.

Fixed-rate mortgages
If you want your repayments to stay the same over a certain period, go for a fixed rate deal, but again avoid extended redemption tie-ins.

Variable-rate mortgages
Opt for this type of mortgage if you are prepared to go with the interest rate flow, avoiding arrangement fees.