Fixed Rate Mortgage

Fixed Rate Mortgage

Fixed Rate Mortgage deals on offer in the UK are typically on offer from 2 years to 5 years, although there are some fixed rate mortgage lenders now offering shorter periods and lifetime mortgage rates.

The obvious advantage of a fixed rate mortgage is from a budgeting perspective, as it protects the borrower from unwelcome interest rises, although conversely if interest rates fall you may be stuck with a rate that is uncompetitive.

Some of the advantages of a fixed rate mortgage include:

• Straightforward budgeting because you usually pay a fixed amount each month
• Save money by keeping your existing interest rate even if the Bank of England base rate rises
• A choice of different repayment periods - rates can be fixed for anything from 2 years to the entire life of the mortgage

For the latest UK fixed rate mortgage deals click on the link below. Alternatively, you can complete our short enquiry form to speak to a mortgage adviser about your fixed rate mortgage requirements.

Initial Rate Type Period To Provider The Overall Cost For Comparison APR LTV   5.29% Fixed May 2010 First Direct 6.20% 80% More 5.39% Fixed May 2013 First Direct 6.20% 80% More 5.49% Fixed May 2009 Norwich & Peterborough B.Soc. 6.80% 75% More 5.49% Fixed Jul 2011 Woolwich (Barclays) 6.10% 60% More 5.49% Fixed May 2018 First Direct 5.90% 80% More 5.53% Fixed Jul 2011 HSBC 6.30% 90% More 5.57% Fixed Aug 2011 Abbey 6.80% 70% More Powered by Defaqto THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

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