Tracker: interest that follows the base interest rate - plus a set amount - for a set period of time, which can be favourable if rates are high and set to fall

Discounted rate: temporarily reduced interest rate, that can often be lower than the base interest rate

Capped rate: interest which can be prevented from exceeding a certain rate

Standard variable rate: interest dictated by your provider, dependant on interest rate changes but not as regular as a tracker - this is also the rate a fixed-rate, tracker, discount or capped loan will revert to at the end of a fixed-term period (usually two, three, five or ten years)

LIBOR: London Interbank Offered Rates are calculated every three months, but otherwise operate in the same way as a standard variable rate

Flexible buy-to-let: loans that permit over-payments, allowing you to pay off the debt at your own pace, within reason.
Compare rates for a buy to let mortgage
Compare landlord insurance quotes

This article was first published on Simply Business.