Fixed vs Tracker vs Offset Mortgage: Which Suits Me?

Three mortgage types, three sales pitches, and no clear answer for your situation. Feed in your salary, savings, how long you plan to stay, and the base rate, and you get fixed, tracker and offset compared side by side: how each repayment is worked out and which one fits your plans. For first-time buyers stuck at the product-choice step.

I need to choose between a fixed-rate, tracker, and offset mortgage for my first home purchase. My situation: I earn {ANNUAL_SALARY}, have {SAVINGS_AMOUNT} in savings I could use as an offset, and I plan to stay in the property for around {PLANNED_TENURE_YEARS} years. Current base rate is {BASE_RATE_PERCENT}%.

Compare all three mortgage types for my specific situation. For each type, explain how repayments are calculated, the risks and benefits given my profile, and what market conditions favour each option. Conclude with a ranked recommendation with clear reasoning, and highlight any early repayment charge considerations I should watch for.