Fixed Rate Remortgage

If you’re contemplating remortgaging, it’s important to understand the range of deals available in the market before making a decision. It seems obvious, but one of the key factors in how much disposable income you are left with once the monthly mortgage payment goes out, is the interest rate on your mortgage.

When searching for remortgage deals, many people choose to go for a fixed interest rate deal, as it removes the uncertainty of how much their mortgage repayments will be over the immediate and longer term future.

Fixed Rate Mortgages Explained

As the name suggests, a fixed rate mortgage has a fixed rate of interest for a set amount of time, usually two, three, or five years depending on the lender. In a volatile and uncertain economy, choosing a fixed rate remortgage deal can be a sensible move to protect against future interest rate rises.

Factors to consider when looking at fixed rate remortgage:
  • Early repayment charges, and whether the lender applies these even after the fixed period is up
  • Possible trends in future interest rates – in which direction are they likely to move?
  • Whether your income is likely to rise, or stay roughly the same for a period – in which case a fixed interest rate for a time may be beneficial.

Fixed Interest Rate Remortgage Fees

Some lenders charge borrowers hefty penalties when remortaging and paying off their existing loan. It’s important to examine all the possible charges, and if you get a fixed interest rate remortgage quote from us, your advisor will take care to explain the key costs of switching mortgages to you.

Compare Fixed Rate Remortgage Deals – we do the homework for you

The popularity of fixed interest mortgages means there are many different lenders competing for the attention of homeowners looking to remortgage. This means doing some homework is vital before taking the plunge – the right remortgage should make a positive impact on your finances. By comparing over 7,500 of the latest remortgage deals, our mortgage experts will help you find the right deal. It’s a fast and friendly service, and after completing our simple form, you can normally expect a response from an FCA authorised advisor within the hour.

No Obligation Fixed Interest Remortgage Quotes

Using our simple enquiry form takes about 30 seconds, and our service is FREE with NO OBLIGATION to you. A team of FCA authorised mortgage experts will search the market for fixed rate remortgage quotes and explain the various implications and costs of remortgaging   to you.

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