YOUR
HOME MAY BE
REPOSSESSED IF YOU DO
NOT KEEP UP REPAYMENTS
ON YOUR MORTGAGE
Fixed Rate Mortgage
A fixed rate mortgage is exaactly what it says - the rate applied
to it is fixed for a particular period. The mortgage payments will
remain the same throughout the fixed period, then adjusting to the
lender's standard variable rate at the end of this time.
Tried
our Mortgage Tools?
Why choose a fixed
rate?
A fixed rate mortgage is good for those who want the certainty
of having a set monthly payment, such as first time buyers. This makes
your budgeting easier, allowing you to plan ahead with the reassurance
that your payments won't rise.
Don't forget about remortgaging!
It is worth remortgaging when your fixed term ends as there can be
a significant jump in your payments. Remortgaging allows you to find
a better rate - ultimately saving money.
Use our free remortgage reminder service to receive notification of
when you are approaching the end of your fixed period so that you
can have you new deal in place before your existing deal reverts to
the lenders standard variable rate.