When you choose a mortgage, you'll need to think about the repayment method, interest rate and special features. The best one for you will depend on your needs and circumstances, so it's important to understand your options.

We have expert advisers on hand to help you through the decision making process, but in the meantime here's our guide to the mortgage options available. There are two main ways to repay your mortgage – these are called 'repayment' and 'interest-only'.

Repayment mortgage
With this type of mortgage (also known as capital and interest) you repay part of the amount borrowed together with the interest being charged each month. In the earlier years the majority of your monthly repayment is made up of interest, however toward the latter part of your mortgage term the situation is reversed with the majority of your monthly payment reducing the amount borrowed.

Interest-only mortgage
With this type of mortgage you are only paying interest each month. This means that although your payments will be lower, the amount you borrowed will still be outstanding at the end of the mortgage term. You'll need to make alternative arrangements to pay off the mortgage to avoid the property having to be sold.