There is no denying that the UK property market has done exceptionally well since the turn of the new century. According to the Council of Mortgage Lenders (CML), the average house price in England and Wales in December 2000 was £87,064. Six years later that had risen to £173,311. Despite that, more people took out mortgages in 2006 than in 2000.

Many experts would point to favourable interest rates from the Bank of England and the positive impact this had on mortgage interest rates. Indeed, current mortgage rates are generally competitive, thanks to this thriving environment.

At Direct Line, however, we appreciate that mortgage rates can change and that people looking to take out a mortgage can have very different attitudes towards their money.

That’s why we offer fixed-rate mortgages, with a choice of two, three or five years at a fixed rate, for people who want to know exactly what they will be paying each month. We also offer a discount tracker mortgage, where the interest payable is linked to the Bank of England interest rate and can vary, for those who are willing to trade off the risk of higher payments against the chance that rates might fall.

Whether you are a first-time buyer or thinking of switching from your current lender, you can find out more about our different types of mortgage and find out more online.

What’s more, if you take out a Direct Line mortgage, we’ll give you a reduction on our best home insurance price.