Fixed rate mortgage rates

Tailored rates with firstmortgage.co.uk

Find the best value fixed rate mortgage rates with First Mortgage - the independent you can bank on. Totally impartial, we are not tied to any one company, searching the whole of the market to find you the best possible deal. With thousands of different mortgage offers available, and with dozens of different fixed mortgage rates, we can take the confusion out of finding the right one. In fact, if you find a better deal we’ll happily match it and pay double the different for a year!
Call us now on 0845 6031525, or click here to find the lowest fixed mortgage rates.

How do fixed mortgage rates work?

Unlike discounted or tracker mortgages, fixed rate mortgage rates stay the same for an agreed period. This means that your interest will neither rise nor fall until the end of the fixed term (usually 1-5 years). Fixed mortgage rates are slightly higher than with a variable deal, but they do give you the peace of mind of knowing exactly what your monthly repayment will be each time.

Pros and cons of a fixed mortgage rate...

 If (and when!) interest rises, your monthly repayments will remain the same

 However - if interest falls, you won’t see the benefit

 First time buyers, young families, single homeowners and people with an erratic income often favour a fixed rate because it allows them to budget more effectively

 If you expect there to be changes in your financial circumstances in the near future, a fixed rate could be best option

 When your fixed term ends, your payments may rise as you switch to the normal variable rate

To find out if this is the right deal is right for you, call us on 0845 603 1525. Our team is on hand answer any questions you may have. You may also want to view other types of deal, including discounted, tracker, offset, flexible, capped, current account and cashback mortgages.

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