Life Time Fixed Rate Mortgage

Compare Lifetime Fixed Rate Mortgage Deals

A lifetime fixed rate mortgage guarantees that you pay the same rate of interest for the 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:

 

Fixed Rate Mortgage Deals

Provider

Type

Initial Interest Rate

Initial Term

Max LTV*Product Fee 
Fixed

1.54%

Reverts to 3.99%

2

Years

60%

YesMore Info >
  • Call 0800 056 8572 to speak to a NatWest mortgage specialist
Fixed

1.83%

Reverts to 3.99%

2

Years

75%

YesMore Info >
  • Call 0800 096 7447 to speak to an RBS mortgage specialist.
Fixed

1.94%

Reverts to 3.94%

5

Years

60%

YesMore Info >
  • Call the HSBC mortgage team 0800 077 4336
  • Product fee of £999
Fixed

1.95%

Reverts to 3.99%

5

Years

60%

YesMore Info >
  • Call 0800 096 7447 to speak to an RBS mortgage specialist
Fixed

1.98%

Reverts to 4.74%

2

Years

75%

NoMore Info >
Fixed

1.94%

Reverts to 3.94%

5

Years

75%

YesMore Info >
  • Call the HSBC mortgage team 0800 077 4336
  • Product fee of £999
Fixed

2.00%

Reverts to 3.99%

5

Years

75%

YesMore Info >
  • Call 0800 158 2934 to speak to a NatWest mortgage specialist.
Fixed

1.65%

Reverts to 4.79%

2

Years

65%

YesMore Info >
  • Available to all customers
  • Call 0330 333 3893 to speak to us about this deal
  • Product fee £995
Fixed

1.73%

Reverts to 4.79%

2

Years

75%

YesMore Info >
  • Available to all customers
  • Call 0330 333 3893 to speak to us about this deal
  • Product fee £995
Fixed

2.06%

Reverts to 4.79%

5

Years

75%

YesMore Info >
  • Available to all customers
  • Call 0330 333 3893 to speak to us about this deal
  • Product fee £995

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.


Tracker Mortgage Deals

Provider

Type

Initial Interest Rate

Initial Term

Max LTV*Product Fee 
Tracker

1.84%

Reverts to 3.99%

2

Years

60%

YesMore Info >
  • Call 0800 158 2934 to speak to a NatWest mortgage specialist
Tracker

1.84%

Reverts to 3.99%

2

Years

60%

YesMore Info >
  • Call 0800 096 7447 to speak to an RBS mortgage specialist
Tracker

2.04%

Reverts to 3.99%

2

Years

70%

YesMore Info >
  • Call 0800 158 2934 to speak to a NatWest mortgage specialist
Tracker

2.04%

Reverts to 3.99%

2

Years

70%

YesMore Info >
  • Call 0800 096 7447 to speak to an RBS mortgage specialist.

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.


Discount Rate Mortgage Deals
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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.


Buy to Let Mortgage Deal Selection

Provider

Type

Initial Interest Rate

Initial Term

Max LTV*Product Fee 
Fixed
Buy-to-Let

1.74%

Reverts to 4.49%

2

Years

60%

YesMore Info >
  • Call 0800 096 7962 to speak to an RBS mortgage specialist.
Fixed
Buy-to-Let

1.79%

Reverts to 4.99%

2

Years

75%

YesMore Info >
  • Available to all customers
  • Call 0330 333 3893 to speak to us about this deal
  • Product fee £995
Tracker
Buy-to-Let

2.65%

Reverts to 4.49%

2

Years

70%

YesMore Info >
  • Call 0800 158 2934 to speak to a NatWest mortgage specialist

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.


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  • Call 0117 332 6063
  • Independent mortgage advice
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Compare lifetime 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. 

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Equity release may affect your entitlement to state benefits and will reduce the value of your estate. It may involve a lifetime mortgage or home reversion plan. All content set out in this website is provided for information only and should not be considered as advice. It is strongly recommended that you seek advice of a qualified, independent financial advisor before making any decisions to take out an equity release product.

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