Buying guide
Fixed, floating or split mortgage?
Understand your options
6 December 2023
AI summary
Choosing between a fixed, floating, or split mortgage is a key decision for homeowners.
Fixed rates offer payment certainty for a set term, which is great for budgeting but can limit extra repayments. Floating rates provide flexibility to pay your loan off faster, though your repayments can rise or fall.
A popular strategy is a split mortgage, which combines fixed and floating portions to balance security and flexibility. The ideal structure depends on your financial goals and risk appetite.
How does a fixed mortgage work?
Choosing a fixed rate term
There may be some repayment flexibility with a fixed mortgage
How does a floating mortgage work?
Why do floating rates change?
What are the different types of mortgages?
Examples of possible mortgage structures
Getting experienced advice
Authors
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