Latest Residential Fixed Rate Mortgage Offers:
£250 Cashback - 2 Year Fixed Rate
- Initial Rate - 1.21% APR
- 60% Loan To Value (LTV)
- 2 Year Fixed
Overall cost for comparison 3.8% APRC
Call RBS FREE on 0800 096 7966
or
Request a Callback From Royal Bank of Scotland at a time that suits you!
£250 Cashback - 5 Year Fixed Rate
- Initial Rate - 1.55% APR
- 60% Loan To Value (LTV)
- 5 Year Fixed
Overall cost for comparison 3.3% APRC
Call NatWest FREE on 0800 096 7889
or
Request a Callback From NatWest at a time that suits you!
Buy To Let Mortgage Fixed Offers:
Market Leading 5 Year Fixed Rate - £500 Cashback
60% Loan To Value
Post Office are offering a market leading:
- 5 year fixed interest only buy to let rate of 1.88% (4.0% APRC) at 60% loan to value (LTV)
- Plus £500 CASHBACK!
- Interest Only Option
Call Post Office FREE on 0808 178 6813
or
Go to the Post Office website for more details
What is a fixed rate mortgage?
A fixed rate mortgage is simply a mortgage where the interest rate is fixed at a set rate for an introductory period (often 2 years). This means you know exactly how much your monthly payments will be during the introductory period making financial planning easier.
After the introductory period, you will normally be moved to a standard variable rate of interest which may be significantly higher than the fixed rate.
What are the alternatives to a fixed rate mortgage?
The most common alternative to a fixed rate mortgage is a tracker mortgage. This gives you an interest rate that is set at a fixed percentage above the Bank of England base rate (or equivalent).
This tracker rate is also normally only for an introductory period, but can often give you a lower initial rate than many tracker mortgages.
However, you are taking a risk as the interest rate on a tracker mortgage can go up as well as down, depending on the movement of the base rate being tracked.
Should you remortgage when the fixed rate ends?
When your fixed rate period is coming to an end, it is definitely worth considering remortgaging to avoid a sudden leap in your interest rate.
Many lenders will pay standard remortgaging costs when you switch your mortgage to them, so this can make remortgaging very affordable.
Get £500 Cashback. Available to home movers and first time buyers. Exclusions apply. More info...»
