Fixed Interest Mortgage
Your mortgage payments are set for a fixed period of say 1-5 years typically and will not go up or down, no matter what the bank of England base rate does.
Some companies do offer longer periods but be very careful. You will be locked in for the whole term.
Advantages:
You can budget knowing exactly what you will pay for all the period.
Disadvantages:
You will pay a penalty if you try and make overpayments or if you tried to pay off early so think carefully.
If interest rates went down you would be paying more than others. As always take good advice over this before making a decision. Ensure it is an educated view rather than adviser comment. You may expect the firm to have an Economics graduate to assist in that view.
For truly independent advice from the FT Adviser, UK Mortgage Broker of the Year for 2005, 2006 and 2007, complete our enquiry form or feel free to call us in confidence on 0800 0112825.
‘Your home may be repossessed if you do not keep up repayments on your mortgage’.
Need further advice? Contact your mortgage adviser on:
0800 0112825 or complete the enquiry form
We will tell you very quickly if your mortgage is likely to be successful.
Or the case of a remortgage, you are better staying with your existing lender.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Our fee guarantee: You will not pay any fees unless we can help you.
When you contact us for mortgage advice your dedicated adviser will stay with you from the beginning of your enquiry right through to the end.
"It is the value of honesty, integrity and empathy which have given Worldwide Financial Planning the edge over other advisers"
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