​Mortgage Types

At Elementary Mortgage Solutions we offer a wide range of mortgage deals from a vast portfolio of lenders. Some of the most common types of mortgage we offer are highlighted below.

Abi King
Abi King
Ivan has been a great help with buying our first house, he kept in contact through the whole process and helped a lot, we would totally recommend having him as a mortgage advisor! 🙂
Hannah Townhill
Hannah Townhill
Ivan was fantastic! Our quest for a mortgage wasn’t exactly straightforward as our property was apparently, according to one surveyor "unsaleable” due to it’s location - we were remortgaging, go figure…. This meant that finding a lender that didn’t use the same valuation company was tricky to say the least. Ivan didn’t give up. He promised us a mortgage and that is what he delivered through hard work and perseverance. He was a pleasure to deal with throughout and I can’t praise him highly enough. I now wouldn’t go anywhere else when the time comes to remortgage again. Thanks Ivan!
Harry Simposn
Harry Simposn
Ivan helped us sort our re-mortgage out. It was stress free and Ivan was always at the other end of the phone when we had any questions.
Georgia Leonardi
Georgia Leonardi
Thanks for sorting out our re-mortgage, very professional, easy process and even got us a better rate and saved us money. Highly recommended.
Katie Brown
Katie Brown
Can’t fault this company In any way , they go the extra mile, completed my mortgage in record time. Can highly recommend
Kimbo 85
Kimbo 85
Extremely professional and responsive service by Ivan. He was always happy to help and support me through the whole process. Highly recommend!!
Carl Barton
Carl Barton
Elementary mortgage solutions arranged a remortgage on a property we let out. The process was extremely simple and we got an excellent deal that lowered our monthly payments considerably. I'd highly recommend Elementary and will be using them again in the future.
Peter Joynson
Peter Joynson
Ivan Whitelocks satisfied all my needs. Guiding me through the process with ease. He was easy to reach and quick to reply to any enquires. Going above and beyond at the end of our purchase when I hit a snag with my conveyances. Fully recommend him and look forward to speaking to him again if I ever need mortgage advice again.
Ivan was brilliant. He was quick and communicated well and was great at giving us advice on our way to picking the best mortgage for our situation. Will definitely use him again in the future.
Laura Shaw
Laura Shaw
Fantastic Service. Really took the hassle out of mortgage hunting. Would definitely use again. Stress free from start to finish and very professional. Thank you

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Virgin Money Mortgages
Birmingham Midshires Mortgages
Atom Bank Mortgages
Halifax Mortgages
HSBC Morgages
Kensington Mortgages
Skipton Building Society Mortgages
Natwest Mortgages
Post Office Mortgages
Santander Morgages
Mortgage Works
The Nottingham Mortgages

Standard Variable Rate

A standard variable rate mortgage (also known as an SVR) is a type of variable rate mortgage. The SVR is a lender’s ‘default’ rate – without any limited-term deals or discounts attached.
When your fixed, tracker or discount mortgage deals comes to an end, you will usually be transferred automatically onto your lender’s SVR.

Fixed Rate

A fixed-rate mortgage has an interest rate that stays the same for a set period. This could be anything from two to ten years and possibly longer. Your repayments are the same every month, and you don’t need to fear fluctuations in interest rates. At the end of the set period, you will revert to your lenders Standard Variable Rate (SVR).


A tracker mortgage is a type of variable rate mortgage. The interest rate tracks another rate such as The Bank of England base rate at a set margin (for example, 1%) above or below it. This means if the Bank Of England raises interest rates, then your mortgage interest rate will go up in line with it and thus your mortgage payments.


A discount mortgage is a type of variable-rate mortgage. The term ‘discount’ is used because the interest rate is set at a specific ‘discount’ below the lender’s standard variable rate (SVR) for a set period of time.
For example, if a lender has an SVR of 5% and the discount is 1%, the rate you’ll pay will be 4%. And if the SVR is raised to 6%, your discount rate will also rise – in this case to 5%.

Buy To Let

A buy to let mortgage is a loan for purchasing or refinancing residential property which is let to tenants rather than lived in by the borrower. Classed as a business transaction, rates and fees are typically higher than those you would find with a standard residential mortgage.

You can find out more about buy to let mortgages here.

95% Mortgage

A 95% mortgage is a loan with a loan to value ratio (LTV) of 95% – meaning you pay 5% of the property’s value as a deposit and borrow the remaining cost. So, for example, if you wanted to buy a house worth £200,000 with a 95% mortgage, you’d borrow £190,000 and put in a deposit of £10,000 (5%) of your own money.
If you decide to take out a 95% mortgage, you’ll usually have to pay a higher rate of interest than you would if you had a bigger deposit. This is because the risk to the lender increases with the size of the loan they give you.


A guarantor mortgage passes some, or all of the liability, for the loan onto another person, typically a close family member. This arrangement allows you to get a home loan that is partially underwritten by someone else. As long as you maintain your repayments, the guarantor will not become liable. Should you be unable to meet the monthly repayments, then the lender will ask the guarantor to pay.
Mortgages of this nature are aimed at those whose income is not high enough to match a mortgage lender’s criteria for the required loan amount.



An offset mortgage is linked to one – or sometimes multiple – bank or savings accounts.
With a standard mortgage, your mortgage lender calculates the interest you owe based on the total amount you have borrowed. With an offset mortgage, the interest calculation is based on the total amount borrowed minus the sum that is held in the linked account(s).
For example, if you have an offset mortgage of £300,000 that is linked to a savings account containing £20,000, you would only pay interest on £280,000.

First Time Buyer Mortgages

Many lenders offer mortgage deals to First Time Buyers to help them get on the property ladder. This can vary from lender to lender but can include cash back, family assisted mortgages and help through government-backed schemes.

Depending on your needs and circumstances, you might be interested in;

  • Help to Buy
  • ISA
  • Help to Buy equity loans
  • Right to Buy
  • Shared Ownership
  • Forces Help to Buy

​Terms & Conditions apply, please see https://www.ownyourhome.gov.uk/​ for further info. Please be aware that by clicking on this link you are leaving the Elementary Mortgage Solutions Ltd website. Please note that neither Elementary Mortgage Solutions Ltd nor PRIMIS Mortgage Network is responsible for the accuracy of the information contained within the linked site accessible from this page.

You can find out more about first time buyer mortgages here.