Britannia

After you've made the offer, it's time to start thinking about which mortgage is going to be right for you.

There are several types of mortgage available, and you’ll also need to consider the best repayment method for you.

There are different types of mortgages any provider can offer. There's a brief description of each type below. Please note that early repayment charges may apply, the duration and amount charged of these will differ between mortgage providers.

Discounted mortgages offer you an initial discount off a variable rate for a set period, taking the pressure off while you settle in. At the end of the discounted period, the payments will increase, and you should make sure you can afford the higher rate.

The rate of interest is fixed for a set period of time, so you can plan your finances more accurately. However, it's important to bear in mind that variable rates might go below the fixed rate, and that an alternative mortgage product could work out cheaper.

Flexible mortgages give you the option to increase your payments, so you could repay your mortgage early and therefore potentially save money. Alternatively, you could reduce your payments or take a payment holiday for a few months, allowing you to free up your cash when you need it most. Interest will continue to accrue on the whole debt secured by the mortgage during any payment holiday period.

These mortgages have an interest rate that tracks the Bank of England base rate (BBR). This means that your repayments will increase or decrease in line with changes to the BBR.

Offset savings mortgages link your savings with your mortgage. Rather than paying interest on your savings, they offset your savings against your mortgage so you could save money in interest. The savings account with our Offset savings mortgage is also extremely flexible as our cashcard facility gives you instant access to your savings, so you can get at them straight away.

These mortgages have an interest rate that tracks our standard variable rate (SVR). This means that your repayments will increase or decrease in line with changes to our SVR.
The mortgage types offered by Britannia do change and are not always available at the time of application, if you want to check what's on offer, have a look at the product pages in our main mortgage section.

After you've made the offer, it's time to start thinking about which mortgage is going to be right for you.

There are several types of mortgage available, and you’ll also need to consider the best repayment method for you.

There are different types of mortgages any provider can offer. There's a brief description of each type below. Please note that early repayment charges may apply, the duration and amount charged of these will differ between mortgage providers.

Discounted mortgages offer you an initial discount off a variable rate for a set period, taking the pressure off while you settle in. At the end of the discounted period, the payments will increase, and you should make sure you can afford the higher rate.

The rate of interest is fixed for a set period of time, so you can plan your finances more accurately. However, it's important to bear in mind that variable rates might go below the fixed rate, and that an alternative mortgage product could work out cheaper.

Flexible mortgages give you the option to increase your payments, so you could repay your mortgage early and therefore potentially save money. Alternatively, you could reduce your payments or take a payment holiday for a few months, allowing you to free up your cash when you need it most. Interest will continue to accrue on the whole debt secured by the mortgage during any payment holiday period.

These mortgages have an interest rate that tracks the Bank of England base rate (BBR). This means that your repayments will increase or decrease in line with changes to the BBR.

Offset savings mortgages link your savings with your mortgage. Rather than paying interest on your savings, they offset your savings against your mortgage so you could save money in interest. The savings account with our Offset savings mortgage is also extremely flexible as our cashcard facility gives you instant access to your savings, so you can get at them straight away.

These mortgages have an interest rate that tracks our standard variable rate (SVR). This means that your repayments will increase or decrease in line with changes to our SVR.
The mortgage types offered by Britannia do change and are not always available at the time of application, if you want to check what's on offer, have a look at the product pages in our main mortgage section.

Repayment methods 

After you've made the offer, it's time to start thinking about which mortgage is going to be right for you.

There are several types of mortgage available, and you’ll also need to consider the best repayment method for you.

There are different types of mortgages any provider can offer. There's a brief description of each type below. Please note that early repayment charges may apply, the duration and amount charged of these will differ between mortgage providers.

Discounted mortgages offer you an initial discount off a variable rate for a set period, taking the pressure off while you settle in. At the end of the discounted period, the payments will increase, and you should make sure you can afford the higher rate.

The rate of interest is fixed for a set period of time, so you can plan your finances more accurately. However, it's important to bear in mind that variable rates might go below the fixed rate, and that an alternative mortgage product could work out cheaper.

Flexible mortgages give you the option to increase your payments, so you could repay your mortgage early and therefore potentially save money. Alternatively, you could reduce your payments or take a payment holiday for a few months, allowing you to free up your cash when you need it most. Interest will continue to accrue on the whole debt secured by the mortgage during any payment holiday period.

These mortgages have an interest rate that tracks the Bank of England base rate (BBR). This means that your repayments will increase or decrease in line with changes to the BBR.

Offset savings mortgages link your savings with your mortgage. Rather than paying interest on your savings, they offset your savings against your mortgage so you could save money in interest. The savings account with our Offset savings mortgage is also extremely flexible as our cashcard facility gives you instant access to your savings, so you can get at them straight away.

These mortgages have an interest rate that tracks our standard variable rate (SVR). This means that your repayments will increase or decrease in line with changes to our SVR.
The mortgage types offered by Britannia do change and are not always available at the time of application, if you want to check what's on offer, have a look at the product pages in our main mortgage section.

After you've made the offer, it's time to start thinking about which mortgage is going to be right for you.

There are several types of mortgage available, and you’ll also need to consider the best repayment method for you.

There are different types of mortgages any provider can offer. There's a brief description of each type below. Please note that early repayment charges may apply, the duration and amount charged of these will differ between mortgage providers.

Discounted mortgages offer you an initial discount off a variable rate for a set period, taking the pressure off while you settle in. At the end of the discounted period, the payments will increase, and you should make sure you can afford the higher rate.

The rate of interest is fixed for a set period of time, so you can plan your finances more accurately. However, it's important to bear in mind that variable rates might go below the fixed rate, and that an alternative mortgage product could work out cheaper.

Flexible mortgages give you the option to increase your payments, so you could repay your mortgage early and therefore potentially save money. Alternatively, you could reduce your payments or take a payment holiday for a few months, allowing you to free up your cash when you need it most. Interest will continue to accrue on the whole debt secured by the mortgage during any payment holiday period.

These mortgages have an interest rate that tracks the Bank of England base rate (BBR). This means that your repayments will increase or decrease in line with changes to the BBR.

Offset savings mortgages link your savings with your mortgage. Rather than paying interest on your savings, they offset your savings against your mortgage so you could save money in interest. The savings account with our Offset savings mortgage is also extremely flexible as our cashcard facility gives you instant access to your savings, so you can get at them straight away.

These mortgages have an interest rate that tracks our standard variable rate (SVR). This means that your repayments will increase or decrease in line with changes to our SVR.
The mortgage types offered by Britannia do change and are not always available at the time of application, if you want to check what's on offer, have a look at the product pages in our main mortgage section.