Fixed Rate Mortgage
What is a Fixed Rate Mortgage?
A fixed rate mortgage is when you and your mortgage provider agree to a fixed interest rate for a set period of time. The period of time could be anything from 1 year to the full term of your mortgage but the most common fixed rate terms are 1-5 years.
After the term of the fixed rate expires, the interest will in most cases go to the lenders standard variable rate. An early redemption penalty is sometimes applicable if you wanted to leave your mortgage before the fixed rate expires.
How can comparethemarket.com help?
Here at comparethemarket.com we know the importance of saving money. A mortgage is a big financial investment, it is important to make sure you get the best deal possible.
However, we recognise that with all this choice, sometimes it is better to just talk to someone. If you have any questions and want to talk to a moneyQuest mortgage advisor who really knows the market, call on 0845 0175196.
Also...
Once you have brought your new property and are preparing to move in, you will need to consider other bills and insurances. These could include options such as;
Home Insurance
Utility providers like gas and electricity
Broadband and Digital TV
Life Insurance
Mortgage Payment Protection Insurance
Home Phone
Make sure you compare with comparethemarket.com to find competitive deals that could save you money!
Data is provided by lovemoney.com Limited who are an appointed representative of lovemoney.com Financial Services Limited, authorised and regulated by the Financial Services Authority.
Advice is provided by MoneyQuest Mortgage Brokers Limited who are an appointed representative of Legal & General Partnership Services Limited, which is authorised and regulated by the Financial Services Authority for advising on and arranging mortgages and insurance. Lovemoney.com Limited and MoneyQuest Mortgage Brokers Limited are not part of BGL Group Limited of which BISL Limited forms part.