Fixed, floating or split mortgage?

Choosing the right mortgage is a crucial financial decision. A fixed rate offers payment certainty for a set term but may have penalties for extra repayments. In contrast, a floating rate provides flexibility for lump-sum payments but can change at any time.

Many homeowners use a split mortgage, combining fixed and floating portions to balance security and flexibility. The ideal structure depends on your financial goals and risk appetite, so getting personalised guidance from a mortgage adviser is highly recommended.