Fixed Rate Mortgage

With a fixed rate mortgage the mortgage rate is fixed for a set period of time. This means that no matter what changes occur in the lender's standard variable rate or the Bank of England Base Rate, the borrowers mortgage repayments stay the same.

Lenders are able to provide fixed rates by obtaining funding from the money markets; this money is then lent to borrowers with a set profit margin. Fixed rate mortgage deals change on a regular basis as each product will have a fixed allocation of funding.

Fixed rate mortgages suit borrowers who want or need to know exactly what their mortgage repayments are going to be from one month to another. Borrowers who believe that interest rates are likely to increase may also be drawn to fixed rate mortgages.

If you are considering a fixed rate mortgage, please contact us directly in order that we can discuss your requirements.

Information about: Discounted Mortgages | Fixed Rate Mortgages | Flexible Mortgages