Fixed Rate Mortgages
Also Read - Getting on the Property Ladder | Mortgage Conveyancing | Mortgage Protection

A fixed rate mortgage is one where the interest rate is set for you for a specified time, regardless of what the base rate is doing, whether it be going up or down, you will for the specified length of time always pay the same amount. This means that you will always know what your outgoings will be as far your mortgage is concerned. So should the base rate rise above your interest rate you will not be affected and will still be paying the set amount. However you should also consider that should the base rate go below your set interest rate you will not benefit from the fall, you will still be paying your set higher rate.
Alternatively you could try a capped rate mortgage where you do benefit from a fall in interest rates.
Full range of UK Mortgages:
100% Mortgages | Buy to Let Mortgages | Capped Rate Mortgages | Discounted Rate Mortgages | Endowment Mortgages | First Time Buyer Mortgages | Fixed Rate Mortgages | Flexible Mortgages | Interest Only Mortgages | ISA Mortgages | Non Status Mortgages | Self Build Mortgages | Self Certification Mortgages | Self Employed Mortgages | Tracker Mortgages | Variable Rate Mortgages



