Fixed Rate Mortgages In Northern Ireland

Compare Fixed Rate Mortgages in Northern Ireland

Latest Deal - NatWest 2 Year Fixed »NatWest Mortgages

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1.19%Reverts to 3.75% after 2 years


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

Compare fixed rate mortgages in Northern Irealnd - use our mortgage tables below to see a selection of market leading mortgage deals - alternatively if you need advice - call our independent mortgage team on 0117 332 6063.

Provider

Type

Initial Interest Rate

Initial Term

Max LTV*Product Fee 
Fixed

1.19%

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

1.33%

Reverts to 3.75%

2

Years

75%

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

1.43%

Reverts to 3.75%

2

Years

80%

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 4.54%

3

Years

65%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.80% APRC. This is the cost of the mortgage over the full term.
Fixed

1.73%

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

1.73%

Reverts to 3.75%

5

Years

60%

YesMore Info >
£500 Cashback. Early redemption charges may apply. Overall Cost for Comparison 3.10% APRC. This is the cost of the mortgage over the full term.
Fixed

1.79%

Reverts to 4.54%

5

Years

65%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.40% APRC. This is the cost of the mortgage over the full term.
Fixed

2.25%

Reverts to 4.54%

5

Years

85%

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

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

2.59%

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

4.33%

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.

Fixed Rate Mortgages in Northern Ireland

With fixed rate mortgages, you have the security of knowing that your interest rate will be guaranteed to remain the same for the duration of the mortgage term, which can be from 2 years to the life of the mortgage.

 

Before deciding on a fixed rate mortgage deal for a property in Northern Ireland however, it is important to remember that buying a property is one of the biggest investments you will make and so it is worth the time in assessing all your options. For example, many of these deals may carry penalties for customers who pay off their mortgage early, and so if you feel you may move jobs and location in the short to medium term this should be factored in.

 

When searching for an appropriate mortgage, it is also important to assess the cost of arrangement fees or extra charges that may have to be met depending on the lender. Aside from these factors, these mortgages may have several strengths and weaknesses depending on the circumstances.

 

Fixed Rate Mortgage Advantages:

  • Interest rates are guaranteed to remain the same for a set period, meaning that payments will be easy to budget for and will be set out from the start
  • Even if the lenders standard interest rates are subject to change, customers will be safeguarded against any interest increases
  • These mortgages are very popular and are therefore subject to a high level of competition in terms of price from different providers, so shop around.
  • They are also highly flexible, and deals may frequently be found for between 2 to 10 years, or even a lifetime if required

 

Fixed Rate Mortgage Disadvantages:

  • As these rates are fixed, they will not decrease regardless of any falls in the Bank of England base rate
  • Rates are often somewhat more expensive compared to other types of agreement

 

Require mortgage advice? You can call our mortgage team on: 0117 332 6063

Monday to Friday 8.30am to 7pm

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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