Buying a house is a lengthy, stressful process.
Just when you think it is all over, and before funds are released to your solicitor, your lender will ask how you want to structure your mortgage.
You will probably have had little time to consider this and yet the structure of your mortgage can have significant implications.
Mortgages vary in terms of how repayments are made and how the interest rate is set.
There are three basic types: