Fixed Mortgage

A fixed mortgage (sometimes referred to as a ‘fixed rate mortgage’) is a mortgage where, for a set period of time, your monthly mortgage payments remain the same. This is because the rate of interest on your mortgage is fixed at a set amount, regardless of any changes in the Bank of England’s base interest rate.

How will Worldwide help me arrange a fixed mortgage?

Our independent mortgage brokers will help you apply for and arrange a fixed mortgage, and in most cases, gain you an agreement in principle from a lender within hours.

Call your FT award winning independent mortgage broker in confidence now on freephone 0800 0112825, or complete the fixed mortgage contact form and your dedicated broker will contact you to locate the very best mortgage rates in the market.

Your dedicated independent mortgage broker will contact you at your convenience for a free initial discussion to assess all your mortgage requirements.

Remember our fee guarantee: you won’t pay any fees unless we can help you.

Our mortgage brokers have access to every single fixed mortgage lender in the UK, meaning they can tailor your fixed mortgage to fit you perfectly.

Your broker will search the entire marketplace and return to you with the product they think will suit you best. When you are happy to proceed they will gain an agreement in principle for your lender, usually in a matter of hours.

Using the services of your Worldwide mortgage broker will make the whole process of finding your fixed mortgage much more smooth and straightforward, saving you time and money. Their detailed research will ensure you have no hidden fees to worry about including excessive early redemption charges, high arrangement fees and valuation fees and other administration fees.

How could a fixed mortgage benefit me?

It will largely depend on your circumstances. It could help you budget more easily – because your monthly mortgage payments are fixed, you will know exactly how much you are paying each month.

Another benefit of a fixed mortgage is that even if interest rates rise above your fixed rate, you will not pay any more, unlike a tracker mortgage or a standard variable rate mortgage.

The possible down side of this, however, is that if interest rates fall below your fixed rate, you could lose out.

Your independent mortgage broker will help you assess your needs and requirements to decide if this type of mortgage is right for you and help you find any alternative suitable solutions.

Our brokers will give you the benefit of the very finest research which will enable you to decide if a fixed mortgage is likely to be more beneficial than a variable rate.

How long does a fixed mortgage last for?

The length of time you can have a fixed mortgage varies. Usually, a mortgage can be fixed for a period of between one to five years, though there are a few ten and twenty year fixed terms. Your independent mortgage broker will help you decide and negotiate your mortgage term.

If you would like any more information about a fixed mortgage or you have any other mortgage enquiries, our brokers will be happy to help you.

Remember: You won’t pay any fees unless we can help you.

Call your FT award winning independent mortgage broker in confidence now on freephone 0800 0112825 or complete the contact form and your dedicated broker will contact you.

Your home may be repossessed if you do not keep up with repayments on your mortgage.