Fixed Rate Remortgages

Compare Fixed Remortgages

Latest Deal - NatWest 2 Year FIXED »

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1.41%Reverts to 3.75% after 2 years
  • 2 Year Fixed - 60% LTV Deal
  • Call FREE - 0800 158 2934


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 remortgages - 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.

Fixed Rate Remortgages

With fixed rate interest only mortgages, your repayments will cover the interest on the loan and not any of the capital. Some fixed rate interest only mortgages are interest only for a limited time, giving the borrower some breathing space at the beginning of the term before the begin repaying the entire amount. The other type of fixed rate interest only mortgage is one where you pay only the interest incurred on the loan for the entire term. If you choose this type of mortgage, it is vital that you have alternative means for paying off the loan capital at the end of the term. 

 

A fixed rate mortgage may be useful for borrowers who are looking for some long term financial security with regard to their mortgage payments. Broadly speaking, there are two different types of fixed rate mortgage deal for you to consider; fixed rate ‘interest only’ mortgages, and fixed rate ‘repayment’ mortgages.

A fixed rate, interest only mortgage has several differences compared to a repayment mortgage. Once the period has begun, the borrower will be expected to repay this interest on a periodic basis. As it is a fixed rate agreement, these interest rates should not change for the duration of the loan, making it a potentially quite reliable option.

While customers are paying off this interest rate, they will also be expected to invest money in a savings vehicle so that the loan can eventually be repaid in full once the mortgage period has ended. This is often paid using an endowment, ISA, or through using a portion of the customers pension pot at the end of the policy. This type of mortgage is often useful for customers who may be less financially secure than others, as they will generally be required to pay less month by month than someone using a repayment mortgage.

Although fixed rate, interest only mortgage may appear to have a number of useful advantages, it should be remembered that they are not without a certain degree of risk. Without a suitable investment fund set up, customers who are unable to repay their mortgage in full at the end of the loan period run the risk of losing their property, so it therefore important to make the adequate provisions. If you are searching for a suitable fixed rate, interest only mortgage, you may wish to see our mortgage comparisons table for more information on the various offers available.


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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