Fixed Rate Mortgage

The advantage of a fixed rate mortgage is that the interest rate will not change during the fixed term which can be anything from two to five years. This means that you will always know what you are paying and will not face a huge sudden increase. You will need to be aware of any overhang, or tie in period after the fixed rate term expires which may apply. Your mortgage adviser should explain this to you.

If you would like advice from an Independent Mortgage broker in your area on a fixed rate mortgage submit your details below.