Compare the indicative APRC (Annual Percentage Rate of Charge) to find the best deal and price in any cashback offers or fees. With interest rates at their highest level for over a decade, if you are coming to the end of your fixed deal, start your search in advance so you’re not languishing on your lender’s variable rate for too long.

It’s tempting to stay with your bank, but you may find a better interest rate with another lender. Home movers and switchers should always shop around before signing up for a new fixed rate mortgage. If you need help choosing or applying for a mortgage consider advice from a mortgage broker. If you’re a first-time buyer, take your time to understand how mortgages work and what steps you must take. Whether you’re a first-time buyer, switcher or home mover, there’s a lender to meet your needs and a mortgage to match. You’ll also need to decide the mortgage term and whether a variable or fixed rate mortgage offers the best value.įortunately, there are mortgage products specially designed for every stage of the homeowning journey. One of the first challenges is to work out how much you can borrow to secure your dream home.

Buying a home is exciting but stressful, and choosing the right mortgage is daunting for even the most seasoned homebuyers.