Fixed Rate Mortgage

Will it take long to arrange a fixed rate mortgage?

No, it doesn’t have to. In most cases, our independent mortgage brokers will be able to gain you an agreement from a mortgage lender within hours. Our systems have access to every lender in the UK and your independent mortgage broker will use their expertise to see through the hidden costs saving you time and money.

Is a fixed rate mortgage expensive?

A fixed rate mortgage should be no more expensive than any other standard mortgage. Many fixed rate mortgages offer a low annual rate but have lots of hidden fees. Typical costs, which are the same as most mortgages, will be as follows:

• Legal fees

• Arrangement fees

• Valuation fees

• Broker fees

• Stamp duty, depending on the cost of your property.

Do be aware that you may face an early repayment charge if you choose to repay the mortgage before the end of the fixed rate term.

Your independent mortgage broker will guide you through all the terms of your mortgage that your lender has to make sure you choose the best solution for your circumstances and requirements.

All charges will be made transparent and your broker will make sure you understand them clearly and are happy with them before they proceed with the application.

It may be possible to add some of the charges to the mortgage loan itself; if so, your broker will help you with this.

I have a variable rate mortgage; can I change it to a fixed rate mortgage?

Yes, if you have an existing mortgage on a variable rate of interest you may be able to renegotiate to a fixed rate term.

This is something your independent mortgage broker will assist you with along with helping you decide if this is the most cost-effective solution for you.

How long can I have a fixed rate mortgage for?

The average period for a fixed rate mortgage is between 1 and 5 years, with a few mortgage lenders offering between 10 and 20 year fixed rate terms. Your independent financial adviser can help negotiate with a lender the best rates and terms for you.

What can I do now?

If you would like any more information about a fixed rate mortgage, contact us now to speak to an independent mortgage broker who will be in touch with you to answer your queries.

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

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

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