A fixed rate mortgage guarantees the interest rate on the loan won’t increase for a set period of time, usually 2 or 5 years depending on the lender.
The downside with a fixed rate mortgage can be when interest rates drop and borrowers find themselves stuck on a higher rate than others.
Once a mortgage comes to the end of it’s fixed rate period the borrower will be pay the standard variable rate, which is usually either the Libor or Bank of England base rate.
The tables below shows some fixed rate mortgages being offered currently however there may be others which are better suited to your circumstances.
If you are unsure about the rate or believe you could get a better than than those below, call our mortgage adviser who will be happy to help you.
2 Years Fixed Rate
5 Years Fixed Rate
Mortgage Payment Calculator
If you are unsure which fixed rate mortgage is most suited to your needs, either speak with our mortgage adviser or use our mortgage payment calculator.