About you
Request more information
About you
What is your current status
Receive updates on this development

Get more information and updates regarding this development via:

Receive Bellway updates

Are you happy for us to contact you about other developments and special offers via:


We are offering drop-in appointments across all our developments; however, should you wish to have dedicated time with our sales advisor, we encourage you to book ahead. Come and visit us.

Mortgage options available to homebuyers


There are a variety of mortgage options available to homebuyers, and it’s important to find the best mortgage to suit your circumstances. With the growing number of government initiatives designed to help buyers throughout the UK purchase their new home, it is helpful to understand your options in full before deciding upon a lender.

Some people may choose to hire a mortgage advisor in order to guide them through the many products available to them, while some simply choose to do their own research. Either way, with the right knowledge, there may never be a better time to purchase your new home.

This guide has been designed to give you an idea of the mortgage options available, and help you to decide which type of mortgage may be best for you. For further mortgage advice, New Homes Mortgage Helpline offer a no-obligation service and will be able to advise you on your affordability as well as the various mortgage options available.


With a fixed-rate mortgage, the amount of interest you pay each month remains the same for a set period of time – commonly two to five years. Since mortgage repayments are often the largest outgoing for most households, many people enjoy the peace of mind that comes with a fixed-rate mortgage. This means you can budget accordingly, safe in the knowledge that your payments will remain the same each month for a fixed period of time.

Standard variable rate

A standard variable (SVR) mortgage is a type of mortgage interest rate that you are most likely to move onto after your introductory discount, tracker, or fixed-rate offer ends. The interest rate on this type of mortgage is set by your provider, and tends to be higher than most other types of mortgage, so it often works out more expensive. For this reason, you might want to consider remortgaging (switching your existing mortgage to a new deal), if your current offer is coming to an end.

Variable rate

With variable-rate mortgages, interest rates can change at any time, rising and falling according to the Bank of England base rate. This type of mortgage generally offers a lower interest rate than a fixed-rate product. You will benefit from a drop in the base rate, but could also end up paying more if the interest rates rise. There are two main types:

Tracker mortgage

A tracker mortgage is based on the Bank of England base rate, plus a percentage on top. It changes in line with the base rate, which means payments could go up or down. A tracker mortgage can be tied to the base rate for a set number of years, or for the life of the mortgage.

Discount mortgage

A discount mortgage is a type of variable rate mortgage that is tied to the lender’s standard variable rate, but with a discount for a set period of time (usually from two to five years). The amount you pay could change from month to month.

Capped rate

With a capped rate mortgage, you pay the lender’s standard variable rate, so your payments could go up, or down. However, a cap is put in place so that the rate you pay cannot rise above a certain point, even if the standard variable rate increases above this

Explore our Homes

More guides

More than a home builder

All you need when it comes to finding your new home