On The Ladder Ep 7b | The 4 Types of Mortgage Rates Explained (Fixed, Tracker, Discount & SVR)

Libsyn Podcast Distribution Description Episode 7b | Interest Rates: The 4 Types You Need to Know Thinking about applying for a mortgage but not sure which rate to choose? In this episode of On The Ladder, host Sarah Tucker and acting senior mortgage adviser Gemma Bennett walk you through the four most common mortgage rate types -  fixed, tracker, discount, and SVR. You'll learn how each rate works, how your monthly payments could be affected, and crucially, why landing on the SVR is something every first-time buyer should try to avoid. Gemma also explains why you should be talking to your adviser six months before your current rate ends. On The Ladder is an exclusive series created to help first-time buyers understand the mortgage process with confidence. Hosted by Sarah Tucker, CEO of The Mortgage Mum & broadcaster. Mortgage expertise from Gemma Bennett, Acting Senior Mortgage Adviser at The Mortgage Mum.