Best Mortgage Deals in the UK

Once you have worked out much you can afford to pay for your new home, you can start looking at property. There are many routes you can take to finding the house of your dreams - the most obvious place to start, of course, is at your local estate agents.

As well as the repayment mortgage, this is the second main type of mortgage available.

As with endowment and pension mortgages, an ISA mortgage involves two sets of regular payments: interest payments to the lender and payments into an Individual Savings Account, or ISA.

If you really don't know where to start when choosing your mortgage, you could get help from a mortgage adviser.

Remortgaging is basically replacing your mortgage with a new one whilst staying in the same home. As mortgage payments are the biggest cost that most homeowners face, you need to review your mortgage regularly to make sure you have the best deal. With interest rates starting to come down, now is a good time to think about remortgaging if you are on a high rate.

A mortgage is made up of two ingredients: the capital which is the amount of money you borrow from your lender to buy your home, and the interest the lender charges on the capital until you pay it back.

Traditionally it has always been more difficult for people without a regular salary to get a mortgage.

The tracker mortgage is a loan with an interest rate set at a specific margin above the Bank of England base rate.