Mortgages Explained
Understanding Mortgages – Made Simple
Mortgages, minus the mayhem.
Mortgages can seem complicated, but they don’t have to be. At Lenderhive, we believe in demystifying the process and making your mortgage journey feel straightforward, empowering, and yes—even a little exciting.
Let’s unpack the basics, the options, and the ways a modern, digital-first broker like Lenderhive can make a difference.
Mortgage Repayment Options
Repayment Mortgages These are the most common. You repay both the loan and the interest monthly. By the end of the term, your mortgage is fully paid off.
Interest-Only Mortgages Your payments cover just the interest. The loan itself is repaid at the end of the term, often using investments or savings. Commonly used for buy-to-let properties.
Mortgage Rate Types
Fixed Rate You lock in your interest rate for a period (e.g. 2, 3, or 5 years). Great for budgeting and knowing exactly what you’ll pay. Variable Rate Your rate can change over time—based on your lender’s standard variable rate or the Bank of England base rate.
Subtypes include:
- Tracker Mortgages – Follow the Bank of England Base rate + a set percentage
- Discount Mortgages – Offer a discount on the lender’s SVR
- Capped Mortgages – The rate can rise and fall but won’t exceed a limit
What Happens After the Deal Ends?
When your fixed or discounted deal ends, you’ll usually roll onto your lender’s Standard Variable Rate (SVR)—which is often higher. That’s why many people remortgage before this happens, switching to a better deal.
Lenderhive can alert you before your deal ends and help you switch to a better one with minimal hassle.
Other Types of Mortgages
Joint Mortgages Buy a home with someone else (a partner, friend, or family). You’re both responsible for the repayments.
Buy-to-Let Mortgages Designed for landlords buying property to rent out. Typically interest-only.
Guarantor Mortgages Someone (usually a family member) guarantees your mortgage, agreeing to cover repayments if needed.
Offset Mortgages Link your mortgage to a savings account. Your savings reduce the balance you’re charged interest on.
Specialist Mortgages For those with unique circumstances—such as adverse credit, non-traditional income, or self-employment. Lenderhive can help navigate these options too.
Why Choose Lenderhive?
We’re not your typical broker. We’re a digital-first mortgage platform that makes things smoother, smarter, and faster.
- 🧾 Streamlined onboarding using real-time data
- 🌐 Whole-of-market mortgage access
- 🧍 Personal support from real humans
- 🌱 Built-in green mortgage matching
We remove friction and empower better decisions, all without you chasing PDFs or digging up old payslips. Your mortgage is one of the biggest financial decisions you’ll ever make—but it doesn’t need to be stressful. With Lenderhive, you get clarity, control, and convenience. Explore your options, understand the process, and move forward with confidence.
Start your mortgage journey the modern way.
Mortgages,
remarkably
simple.
No chasing. No confusion. Just a clearer way forward.
