Variable or fixed rate mortgage?

Variable or fixed rate mortgage? Anyone that is taking out a mortgage or remortgage needs to ask themselves a number of questions in order to ensure that they end up with the right mortgage to suit their preferences and their needs. Mortgages can be very confusing to understand for those with little or no experience in this field, and with so many mortgages to select from the whole process can be quite daunting.

Do you opt for a repayment or interest only mortgage? Is it best to go for a capped or discounted deal or go for a base rate tracker? What sort of repayment period should you aim for? There are so many questions that you need to ask yourself before you commit to a mortgage, which goes some way towards explaining why so many people find the whole process daunting and stressful.
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