Fixed Rate Mortgages

A Fixed Rate Mortage offers you a mortgage with an interest rate that is set for a period of time. The rate then reverts to the lender's basic mortgage interest rate, commonly known as the Standard Variable Rate (SVR). Plus Points: Knowing the interest instalments will not fluctuate during the fixed period allows you to plan your finances. Points to Watch: These mortgages sometimes have early cancellation penalties that can lock you into staying with the lender for a time after the fixed period. This could then tie you into an uncompetitive mortgage. There are 2 standard repayment methods for Fixed Rate Mortgages : Straight Repayment & Interest Only.

Below are the leading fixed rate mortgage companies. We strongly recommend that you obtain quotes from several companies. It always pays to shop around!

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