Fixed Rate Mortgage
With a fixed rate mortgage, you can be assured that your mortgage repayment rate will not change until the end of a set period of time. Fixed mortgage repayments do not change even if the interest rates rise or fall.
How Long Can I Keep a Fixed Mortgage Interest Rate?
It is common for fixed rate mortgage lenders to offer interest rates fixed for a period of 2 to 5 years on their mortgages, but shorter and longer fixed rate periods can be found in the market.
Ending the Fixed Rate Mortgage
At the end of the fixed rate (or 'benefit') period the mortgage rate will normally convert to the mortgage lenders Standard Variable Rate (SVR).
Buy Your Home with a Fixed Rate Mortgage
If your are interested in buying your own home with a fixed rate mortgage, click on the enquire now button below and fill out the form. Enquiring for a fixed rate mortgage will only take a few minutes of your time and there is no obligation. If you would simply like to know more about fixed rate mortgages, please do not hesitate to contact us.
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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Champion Financial Services is a trading style of Rafik Allana of 16b Second Avenue, Hendon, London. NW4 2RN.
Champion Financial Services is an Appointed Representative of Mortgage Next Network Limited, which is authorised and regulated by the Financial Services Authority in respect of mortgage and insurance mediation activities only. Mortgage Next Network Limited is entered on the FSA register (http://www.fsa.gov.uk) under reference 300866.
We do not charge a fee for any initial quotation. There may be a fee for mortgage advice. The precise amount will depend upon your circumstances but we estimate that it will be 1.5% of the loan amount, this fee will be payable on completion.
The overall cost comparison is 6.8% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.