Fixed Rate Mortgage

Fixed Rate Mortgage Providers

If you are a first time buyer, or you prefer the security of a fixed monthly payment, you could consider a Fixed Rate Mortgage. This type of mortgage has the interest rate fixed for a specified time - anywhere between 6 months and 5 years.

A Fixed Rate Mortgage means you know exactly what you are paying each month. One thing to bear in mind is that if the interest rate drops while your fixed rate deal is in place, you will have to keep paying the same agreed amount.

By filling out our short enquiry form you will be able to take advice on a wide range of mortgages and find one to suit your circumstances.

Latest news on Fixed-Rate Mortgages:

Halifax launches 25-year fixed-rate mortgage. Halifax has introduced its 25-year fixed-rate mortgage.
The new mortgage provides security with its fixed interest rate of 6.39% on repayments, and has a number of flexible features like six ‘payment holidays’ and a restriction on the early repayment charge period to 10 years. The arrangement fee payable is £599.

The Halifax already provides a 10 year fixed-rate mortgage, which has an interest rate of 6.29%.
Joe Higgins, head of mortgages at the Halifax, said “The Chancellor recently called on lenders to ensure that longer-term fixed-rate mortgage products are more widely available”.

“We have extended our range to include a 25-year fixed-rate mortgage in addition to the existing ten-year product already available”, he added.

In a recent poll of borrowers conducted by Abbey Mortgages, 23% of borrowers said they would opt for a 25-year fixed-rate mortgage, if it was more widely available.