Personal
Business
close
Products
About us
Resources
Call us: +44 1632 960212

Fixed Rate Mortgages Explained

When looking to take out a mortgage, there are a number of options open to you and one of those is a fixed rate mortgage.

Put simply, a fixed-rate mortgage is a mortgage where your interest rate is guaranteed to stay the same for a set period of time.  There are some advantages to such a mortgage and this can offer both peace of mind and stability because unlike a variable-rate mortgage, such as a tracker or discount mortgage, you will know exactly how much you need to repay each month during this period.

This is  by far one of the most common forms of mortgages and there more fixed-rate mortgages available than any other type of lending  available.

Please note that monthly payments will not vary during the fixed term so budgeting is easier, however early redemption fees may apply which will l be limited to a maximum 10% repayment. Whilst fixed, interest paid over the fixed period may be more than a variable rate deal.

Fixed rate mortgages offer a wider range of benefits but we would always recommend to take professional advice as to which mortgage option is the best to reflect your personal circumstances.

We are here to help you
Your first consultation is completely free-of-charge. All you need to do is select a convenient time & date and outline how we can assist you.
virtual advisor
Try out our new Virtual advisor!
Get all benefits of Regular Advice via AI and ML algorythms
Related articles
Featured media
Investment
Mortgage
The Myths of Buy to Let Properties Explained
30 Apr 2021 · Nic Cobb

Over the course of our lives, many of us will think about purchasing a buy to let property, in this article we…

Featured media
General
Mortgage
How Does the Ending of Furlough Impact Your Mortgage Application?
23 Apr 2021 · Nic Cobb

As a result of the pandemic, the past year or so has been marked by social, financial and business strife…

Featured media
Investment
Mortgage
Other
Indirect Property Investments – The Alternative Route for Investors into Real Estate
07 Apr 2021 · Nic Cobb

Property investments often form the core of a developing or established, diversified investment portfolio and offer a stable return on…