Monthly payments will rise & fall in line with interest rate changes. Some lenders will amend your monthly payment as soon as a rate change happens others will adjust your account annually.

Like a variable rate but with the protection of a cap on the interest rate so even if interest rates rise above the capped interest rate your payments will remain at the capped level & will benefit from reduced monthly payments if interest rates reduce. Arrangement fees & early repayment charges may apply.

A fixed rate is when an interest rate is set for a fixed period of time. The monthly payments will remain the same throughout the fixed rate period allowing you to budget for that time. Arrangements fees & early repayment charges may apply.

The lender agrees a rate for a specified period of time linked to the Bank of England base rate in the form of discounts or loading. The rate therefore tracks the Bank of England base rate. Monthly payments can increase or decrease.
Arrangement fees & early repayment charges may apply.

For a set period the lender will offer a discount off its standard variable rate. Usually the shorter the period the larger the discount. Arrangement fees & early repayment charges may apply.

Your home may be repossessed if you do not keep up repayments on your mortgage.