Tailored rates with firstmortgage.co.uk
What is a fixed mortgage?
With a fixed mortgage you will pay the same amount of interest for a set period (usually a few years). Although rates are slightly higher than a variable deal, they do offer the security of knowing that if base interest goes up, your repayments will remain the same.
Before you get a fixed rate mortgage quote...
...It might be worth considering the following pros and cons about this type of deal:
Because your payments will not fluctuate, it’s a popular deal with first time buyers, young families and single homeowners
If you are a freelancer, work on a bonus scheme or expect your financial circumstances to change in the near future, this is a good option for you
However - if interest does fall, you won’t see the benefit
When your fixed term ends, your payments may rise as you switch to the normal variable rate
To find out if we can find the right fixed rate quote, call us on 0845 603 1525 for a free consultation. You may also want to get quotes on types of deal available, including discounted, tracker, offset, flexible, capped, current account and cashback mortgages.
Get quotes prepared fast and easy from our award winning brokers starting, with our smart online form. Quote request
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