Fixed Rate Mortgage

Compare Fixed Rate Mortgage Deals

Latest Deal - Post Office 2 Year Fixed Interest Only »Post Office Mortgage Deals

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1.17%Reverts to 4.24% after 2 years

Overall Cost for Comparison 3.8% APRC. This is the cost of the mortgage over the full term. Early redemption charges may apply.

Provider

Type

Initial Interest Rate

Initial Term

Max LTV*Product Fee 
Fixed

1.41%

Reverts to 3.75%

2

Years

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term.
Fixed

1.42%

Reverts to 3.75%

2

Years

60%

YesMore Info >
£500 Cashback. Early redemption charges may apply. Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term.
Fixed

1.59%

Reverts to 4.24%

3

Years

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.60% APRC. This is the cost of the mortgage over the full term.
Fixed

1.59%

Reverts to 4.70%

2

Years

75%

YesMore Info >
£750 Cashback. Early redemption charges may apply. Overall Cost for Comparison 4.30% APRC. This is the cost of the mortgage over the full term.
Fixed

1.63%

Reverts to 3.74%

2

Years

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term.
Fixed

1.74%

Reverts to 3.74%

2

Years

75%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term.
Fixed

1.82%

Reverts to 3.75%

5

Years

60%

YesMore Info >
£500 Cashback. Early redemption charges may apply. Overall Cost for Comparison 3.20% APRC. This is the cost of the mortgage over the full term.
Fixed

1.82%

Reverts to 3.75%

5

Years

60%

YesMore Info >
£500 Cashback. Early redemption charges may apply. Overall Cost for Comparison 3.20% APRC. This is the cost of the mortgage over the full term.
Fixed

1.94%

Reverts to 3.74%

5

Years

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.10% APRC. This is the cost of the mortgage over the full term.
Fixed

1.96%

Reverts to 4.24%

5

Years

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.30% APRC. This is the cost of the mortgage over the full term.
Fixed

2.29%

Reverts to 3.74%

5

Years

75%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.30% APRC. This is the cost of the mortgage over the full term.
Fixed

2.41%

Reverts to 3.75%

2

Years

90%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.90% APRC. This is the cost of the mortgage over the full term.
Fixed

2.44%

Reverts to 4.70%

5

Years

85%

YesMore Info >
£750 Cashback. Minimum loan amount of £150,000. Early redemption charges may apply. Overall Cost for Comparison 3.90% APRC. This is the cost of the mortgage over the full term.
Fixed

2.44%

Reverts to 4.70%

5

Years

85%

YesMore Info >
£750 Cashback. Minimum loan amount of £150,000. Early redemption charges may apply. Overall Cost for Comparison 3.90% APRC. This is the cost of the mortgage over the full term.
Fixed

2.49%

Reverts to 4.70%

2

Years

80%

NoMore Info >
£750 Cashback. Early redemption charges may apply. Overall Cost for Comparison 4.30% APRC. This is the cost of the mortgage over the full term.
Fixed

2.59%

Reverts to 3.69%

10

Years

60%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.00% APRC. This is the cost of the mortgage over the full term.
Fixed

2.94%

Reverts to 3.69%

10

Years

80%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.20% APRC. This is the cost of the mortgage over the full term.
Fixed

3.99%

Reverts to 4.24%

2

Years

95%

NoMore Info >
£500 Cashback. Early redemption charges may apply. Overall Cost for Comparison 4.30% APRC. This is the cost of the mortgage over the full term.
Fixed

3.94%

Reverts to 4.70%

3

Years

95%

NoMore Info >
£750 Cashback. Early redemption charges may apply. Overall Cost for Comparison 4.70% APRC. This is the cost of the mortgage over the full term.
Fixed

4.29%

Reverts to 3.75%

2

Years

95%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.90% APRC. This is the cost of the mortgage over the full term.

Representative Example:


A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.


The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).


In this example the overall cost for comparison is 3.7% APRC representative.


YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Compare Fixed Rate Mortgages

Depending on your circumstances and individual needs, a fixed rate mortgage could prove to be a very useful, as they are considered to be very reliable.

 

These fixed rate mortgages may come with a number of useful benefits, including:

 

  • A guarantee that your monthly payments will be of the same amount for the set term, making it easier for you to set out your budget for this period
  • Security against any rises in interest rates during this set term
  • As they are widely used, rates for these mortgages may be highly competitive

Although they can be very useful, it is also worth considering the following potential drawbacks of opting for a fixed rate mortgage:

 

  • As interest rates do not rise or fall with the Bank of England base rate, fixed rate mortgages could prove to be more costly than variable or tracker mortgages if interest rates were to drop over the years
  • The initial rates of fixed rate mortgages may be comparatively high

It is worth remembering that fixed rate mortgages, like any other financial product may have several strengths and weaknesses depending on the circumstances of the customers. Indeed very few financial products are without any element of risk.With this in mind, customers should also consider which repayment option they may be best suited to.

 

Interest only mortgages allow customers to only repay the interest on their mortgage every month, although the loan itself must be repaid in full at the end of the term. Using a repayment mortgage, customers gradually repay both the interest and loan itself every month until they own their property outright.

 

One of the best way to find the most suitable mortgage is to compare fixed rate mortgage deals from several different lenders. If you require mortgage advice use our mortgage service.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The above mortgage products highlighted on this website are available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you speak to an independent mortgage broker