Compare Fixed Rate Remortgages
Fixed rate remortgages allow you to fix the interest rate on your remortgage loan for a specified length of time.
A fixed rate remortgage offers a number of advantages, such as:
If the Bank of England raises interest rates during the term of your fixed rate mortgage, you will be protected because your payments will not increase, but you will also not benefit if rates go down. For more information, use our free service to compare mortgages:
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You may be considering a fixed rate remortgage for the following reasons:
- You could save money on interest rates
- You may wish to increase or reduce the length of your mortgage
- Taking out a larger mortgage than your current one could release funds that you might need for an expensive purchase
As you look for fixed rate remortgages, it is important to compare a number of different remortgage deals to ensure that you are getting the most from your money. The comparison tables below could contain mortgage deals that you might be of interest to you.
A fixed rate remortgage deal could replace your existing mortgage and fix your monthly payments for a set period. This amount is guaranteed and is not subject to change in accordance with the Bank of England base interest rate. For many people, fixed rate remortgages are the preferred option as they guarantee protection against potential rises in interest rates.
Before you decide to take out a fixed rate remortgage, it is advisable to weigh up the cost of remortgaging against the potential savings you might make on your new mortgage. When remortgaging your property, you may have to pay the following:
- Arrangement fees
- Valuation fees
- Early redemption fees on your existing mortgage
- Legal fees
As remortgaging could prove to be fairly costly, it is all the more important to ensure that you find the best value fixed rate remortgage possible to make it worth the transition financially viable. Therefore, you should consult a number of different lenders to see what they could offer with their fixed rate remortgages.