Compare Lifetime Fixed Rate Mortgage Deals
A lifetime fixed rate mortgage guarantees that you pay the same rate of interest forthe whole term of the mortgage, rather than with a tracker mortgage deal, where the interest rate will change according to the Bank of England base rate.
To ensure that you find the best lifetime fixed rate mortgage deal for you, compare as many lenders and deals as possible - take a look at our comparison tables to see a range of lenders and fixed rate mortgage deals:
Some potential advantages
If you take out a lifetime fixed rate mortgage, this means that the fixed rate lasts for the lifetime of your mortgage, thus providing a kind of financial security in the form of monthly payments that are predictable, allowing you to maintain control over your finances and budget accordingly.
Some potential disadvantages
On the other hand, you may end up paying more interest on a fixed rate mortgage than you would on a tracker rate deal. This is because the level of interest on a fixed rate deal may be set much higher than the Bank of England base rate. Although a fixed interest rate deal provides financial security, the rate of interest is usually relatively high, which is the price you pay for security.
With these advantages and disadvantages in mind you should use our product comparison tables to find the best kind of mortgage deal for you.