Best Fixed Rate Mortgages

The best fixed rate mortgages available to you will be depend on such things as how much you want to borrow, your credit rating, how long you want to spend paying it back, whether you need a 100% mortgage or you have a deposit to put down. A fixed rate mortgage means that you pay a fixed amount of interest that does not change.

Advantages of fixed rate mortgages include:

Knowing exactly how much you will be paying in interest, making it easier to plan ahead
The security of knowing that your interest rate will not rise unexpectedly

Disadvantages of a fixed rate mortgages:

You will not benefit from a fall in the Bank of England’s base rate as you would with a tracker mortgage
Rates are only fixed for a limited period; once this has ended, it will revert back to the provider’s standard rate of interest

If, when your fixed rate period ends, you are lumbered with a higher interest rate than before, it is possible to switch mortgage lenders to get a more competitive deal. Shop around and find the best fixed rate mortgages available to you.

Initial Rate	Type	Period To	Provider	The Overall Cost For Comparison APR	LTV
5.34%	Fixed	Jul 2009	Norwich & Peterborough B.Soc.	6.80%	85%	More
5.75%	Fixed	Aug 2010	Leeds Building Society	7.60%	80%	More
5.85%	Fixed	Oct 2011	Halifax	7.10%	95%	More
5.89%	Fixed	Aug 2010	NatWest	7.30%	75%	More
5.89%	Fixed	Aug 2010	Royal Bank of Scotland	7.30%	75%	More
5.94%	Fixed	Aug 2010	NatWest	7.40%	75%	More
5.94%	Fixed	Aug 2010	Royal Bank of Scotland	7.40%	75%	More