Compare Current Mortgage Rates
If you are interested in finding out about the current rates of fixed rate mortgages, it is best to shop around and contact a number of different providers to see what they are offering. Comparing mortgage deals in this way is strongly recommended, as it may help you to narrow down the most competitive offers that are available.
Consult our mortgage comparison tables which contain details of current fixed rate mortgage rates, as well as a range of other mortgage deals:
The benefits of a fixed rate mortgages include:
- Security in knowing that your interest rates will not increase during the fixed period
- Budgeting could be much easier, as you will know what your monthly payments will be each month
- There are a number of different fixed rate terms available, allowing you to choose how long you would like your rate fixed for.
Potential drawbacks of a fixed rate mortgage include:
- They could carry higher interest rates than other types of mortgage
- In the long term, fixed rate mortgages could prove to be more expensive than tracker mortgages
- If the Bank of England base interest rate went down, the fixed rate would stay the same, meaning you could pay more