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
Mortgage Lender | Initial Interest Rate | After Initial Rate | Overall APR | Loan to Value | Fees | Help To Buy | |
|---|---|---|---|---|---|---|---|
| Lloyds TSB | 1.54% Until May 2016 | 3.99% | 3.7% APR | 60% | £1,995 | n/a |  |
| RBS | 2.49% Until July 2016 | 4% | 3.9% APR | 60% | £0 | n/a | |
| Natwest | 4.99% Until July 2016 | 4% | 4.3% APR | 95% | £0 | Mortgage Gurantee | |
| Halifax | 1.84% Until May 2016 | 3.99% | 3.8% APR | 60% | £995 | n/a | |
| Post Office | 1.88% Until March 2016 | 4.49% | 4.2% APR | 75% | £1,445 | n/a | |
| Clydesdale | 2.19% Until 30th April 2016 | 4.95% | 4.6% APR | 60% | £999 Max | n/a | |
5 Years Fixed Rate
Mortgage Lender | Initial Interest Rate | After Initial Rate | Overall APR Comparison | Loan To Value | Fees | |
|---|---|---|---|---|---|---|
| TSB | 3.19% Fixed until 31 May 2019 | 3.99% | 3.8% APR | 60% | £995 | |
| RBS | 3.25% Fixed until 31 July 2019 | 4% | 3.9% APR | 60% | £0 | |
| Post Office | 3.25% fixed until 31 March 2019 | 4.49% | 4.2% APR | 75% | £0 | |
| Halifax | 3.39% fixed until 31 May 2019 | 3.99% | 3.9% APR | 60% | £0 | |
| Clydesdale | 3.29% Fixed until 30 April 2019 | 4.95% | 5% APR | 60% | £999 Max | |
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.
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