Compare mortgage products in the UK
Use this guide to compare common mortgage product types before requesting a live quote. The examples below are illustrative product structures, not lender offers, mortgage guidance or a guarantee of availability.
Important: Your home may be repossessed if you do not keep up repayments on your mortgage.
What this comparison covers
Compare Mortgage Rates is an information and introduction service. This page compares mortgage product structures at a high level so you can understand the main differences before speaking with an adviser or broker partner.
Actual rates, fees, affordability and eligibility depend on your circumstances and lender criteria. You should not use these examples as a recommendation to choose one product type over another.
Example mortgage products
These examples are aggregated product types. They do not show live lender pricing and they are not offers of lending.
| Product example | Who may compare it | LTV basis | Rate information | Fees | Comparison note |
|---|---|---|---|---|---|
| Example 2-year fixed purchase mortgage | Home buyer wanting shorter payment certainty | Commonly compared at 60%, 75%, 85% and 90% LTV bands | Live quote required | May include a product fee or fee-free option | Monthly payments are fixed for the initial period, then usually move to the lender standard variable rate unless changed. |
| Example 5-year fixed purchase mortgage | Buyer wanting longer payment certainty | Commonly compared at 60%, 75%, 85% and 90% LTV bands | Live quote required | May include a product fee or fee-free option | Can give longer budgeting certainty, but early repayment charges may apply during the fixed period. |
| Example 2-year fixed remortgage | Existing borrower reviewing a deal that is ending | Based on current balance and updated property value | Live quote required | Arrangement, valuation or legal incentives vary by lender | Compare the total cost over the fixed period, including fees and any incentives. |
| Example 5-year fixed remortgage | Existing borrower prioritising a longer fixed payment | Based on current balance and updated property value | Live quote required | Product fees and cashback incentives vary | Check whether any early repayment charge on your current deal affects the timing. |
| Example tracker mortgage | Borrower comfortable with payments changing | Lender criteria and available LTV bands vary | Tracks a benchmark plus a margin | May include a product fee | Payments can rise or fall, so compare affordability if rates increase. |
| Example buy-to-let fixed mortgage | Landlord comparing rental coverage and product costs | Often assessed with rental stress testing and maximum LTV limits | Live quote required | Product fees can be fixed or percentage based | Buy-to-let lending is assessed differently from residential borrowing and tax treatment depends on circumstances. |
Mortgage risk warning: Your home may be repossessed if you do not keep up repayments on your mortgage.
Examples are for general information only. They do not account for your income, credit history, property, deposit, existing borrowing or lender criteria.
How to compare real mortgage options
- Start with your mortgage purpose, such as buying, remortgaging or buy-to-let.
- Work out your loan-to-value using the property value and deposit or equity.
- Compare total cost over the initial period, not just the headline rate.
- Check fees, incentives, early repayment charges and overpayment rules.
- Ask an authorised adviser or broker partner to confirm live products you may qualify for.
People also ask
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Rate comparison with context
Compare Mortgage Rates is built around comparing mortgage costs beyond the headline rate. Product fees, term, loan-to-value and lender criteria can all change what is appropriate for a borrower.