UK Fixed Rate Mortgage
A fixed rate mortgage is one where the interest rate is set for you for a
specified time, regardless of what the base rate is doing, whether it be
going up or down, you will for the specified length of time always pay the
same amount. This means that you will always know what your outgoings will
be as far your mortgage is concerned. So should the base rate rise above
your interest rate you will not be affected and will still be paying the set
amount. However you should also consider that should the base rate go below
your set interest rate you will not benefit from the fall, you will still be
paying your set higher rate.
Alternatively you could try a capped rate mortgage where you do benefit from a fall in interest rates.
Full range of UK Mortgages:
100% | Buy to Let | Capped Rate | Discounted Rate | Endowment | First Time Buyer | Fixed Rate | Flexible | Interest Only | ISA | Non Status | Self Build | Self Certification | Self Employed | Tracker | Variable Rate

