Compare Latest 1 Year fixed Rates
In uncertain times, a 1 year fixed rate mortgage might suit your needs, if you don't want to lock into a long-term deal. 1 year fixed rate mortgage deals are unusual as most lenders will provide fixed rate terms from 2 years. A short term fixed rate mortgage deal can buy you some time while you wait to see what interest rates are going to do next, knowing that your mortgage rate will not rise in the meantime.
Features of a fixed rate mortgage include:
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Your mortgage payments will stay the same in that period, even if the Bank of England’s rate or your lender’s other interest rates go up.
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This gives you the certainty of knowing that you can afford your payments and will make it easier for you to budget.
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If rates go down you won't benefit. Your payments will stay at the higher rate. Conversely if rates go up you will benefit.
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You may not be able to make overpayments and pay off your mortgage early without penalties.
See below for our latest range of fixed rate mortgages and find the right one for you: