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Guide – Fixed Rate Mortgages
Fixed rate mortgages are very popular among people on a tight budget who don't want to be at the mercy of the Bank of England base rate. By signing up for a fixed rate mortgage, you can budget ahead based on monthly instalments that will not change no matter what happens in the market.
Mortgage lenders generally set the fixed rate slightly above the variable rate when you sign up for a mortgage, so you might pay a little extra for peace of mind. If you later find you are paying over the odds for your mortgage, there is always the option of refinancing at a cheaper rate.
There is very little way of telling which kind of mortgage will work out cheaper in the long run, so choosing a fixed rate over a variable rate or tracker mortgage is almost entirely a matter of personal choice.
The Mortgage Broker – Call us on 0800 822 3355
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The Mortgage Broker are specialists in Fixed Rate Mortgages. Complete the form above and One of our qualified FSA Regulated mortgage brokers will compare to find you the best deal.
For Quotes & Advice on Fixed Rate Mortgages deals complete our comparison enquiry form.
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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
*Correct as at 15th January 2008
