Fixed Rate Mortgages
In an ever changing financial climate it is sometimes prudent to have some stability with you personal finances. Fixed rate mortgages can provide this by fixing the interest rate on your mortgage loan for a set number of years.
There are advantages and disadvantages to these types of mortgages, if the interest rate set be the Bank of England falls then you will not benefit from any rate cut. However, if the rate rises then you will not need to pay the increased amount.
However the main advantage for many will be that the repayments are fixed for a set period of time, allowing you to budget more easily.
Recent Fixed Rate Mortgage News
- Homeowners face huge hikes as mortgage deals expire
- Co-op shelves two year mortgage
- House hunting season gets off to a slow start
- Experts state long term fixed rates may not be best
- Former government adviser casts gloomy outlook for house prices
Recent Mortgage Headlines