Buying guide
Fixed, floating or split mortgage?
Understand your options
6 December 2023
AI summary
Choosing a mortgage involves deciding between a fixed rate, floating rate, or a split structure. Fixed rates offer payment certainty but have break fees, while floating rates provide flexibility for extra repayments but can fluctuate.
A popular strategy is a split mortgage, combining both to balance risk and flexibility. Consider options like offset or revolving credit mortgages to potentially save money. Seeking professional advice is crucial to find the best structure for your personal situation.
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
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