Fixed Rate Mortgages
Are you looking for a fixed rate mortgage? Our mortgage advisers can help you find the right home loan for your circumstances.
In a fixed rate mortgage arrangement, the interest rate is fixed for a pre-determined period of time. The monthly mortgage payment will not change, no matter whether the Bank of England, or the mortgage provider, raises or reduces their interest rates. For the borrower, the advantage of a fixed rate deal is that he or she knows exactly how much their monthly repayment is going to be each month and for how long.
In some instances, the interest rate charged on a fixed rate mortgage can be higher than the interest rates charged for other types of mortgages. The borrower may also have to pay an arrangement fee to set up a fixed-rate deal.
Usually, once a fixed rate arrangement comes to an end, the lender's standard variable rate applies.
As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments.
Our mortgage advisers are based in Central London and have extensive experience in sourcing fixed rate mortgages. If you’re looking for advice on a fix rate mortgage, our advisers will help you to find the right deal from the various lenders.
Are you looking for a fixed rate mortgage? Our mortgage advisers can help you find the right home loan for your circumstances.
In a fixed rate mortgage arrangement, the interest rate is fixed for a pre-determined period of time. The monthly mortgage payment will not change, no matter whether the Bank of England, or the mortgage provider, raises or reduces their interest rates. For the borrower, the advantage of a fixed rate deal is that he or she knows exactly how much their monthly repayment is going to be each month and for how long.
In some instances, the interest rate charged on a fixed rate mortgage can be higher than the interest rates charged for other types of mortgages. The borrower may also have to pay an arrangement fee to set up a fixed-rate deal.
Usually, once a fixed rate arrangement comes to an end, the lender's standard variable rate applies.
As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments.
Our mortgage advisers are based in Central London and have extensive experience in sourcing fixed rate mortgages. If you’re looking for advice on a fix rate mortgage, our advisers will help you to find the right deal from the various lenders.
