Fixed Rate Mortgages

Terms vary from 1 - 25 years. This type of mortgage guarantees that your interest rate will not change during the fixed rate period. Generally the interest rate will be higher for longer term fixed rates.

Fixed rate mortgages tend to have an arrangement fee, you can expect to pay an early repayment charge if you redeem the mortgage before the end of the fixed term.

Once the fixed rate comes to an end you will revert to the lender's standard variable rate which could be higher or lower than the fixed rate you had depending on the economic climate at the time.