Fixed Rate Mortgages 4 U Menu
Welcome to Fixed Rate Mortgages 4 U. The aim of this service is to help you find and obtain the most suitable Fixed Rate Mortgage to meet your needs. As an independently owned mortgage advice company, and with whole of market access, we are able to search high and wide through literally hundreds of Fixed Rate Mortgages with the sole aim of Helping You to find the Best Deal available to us.
Don’t rely on a comparison website to make such an important decision. Fixed Rate Mortgages 4 U work for You – with Your Best Interests at Heart. Submit a fixed rate mortgage enquiry online today at No Obligation – and experience our great level of customer service and our wide access to fixed rate mortgage products.
>> Why are People Looking for Fixed Rate Mortgages?
Many people, like you, are worried about potential forthcoming increases in interest rates. With interest rates having hit an historic low in 2009 (0.5%) and remaining at that low level for many months logic says that there is only one way they can go over the short to medium term – and that is upwards. If you are currently on a variable rate mortgage, this will mean that your monthly payments will increase.
An increase of 1.00% on an interest only mortgage of £100,000 will mean an increase in your payments of £80 per month.
* If you have a capital and interest repayment mortgage and would like to know how much an increase of 1.00% will effect you, please get in touch.
>> How are Fixed Rate Mortgages Priced by Mortgage Lenders?
The “swap rate” is the rate at which lending institutions lend to each other. i.e. a mortgage lender may “buy in” a tranche of money from the market to make available to people as a fixed rate mortgage deal. The rate at which they buy this money in is to some extent determined by the “swap rate”. The swap rate is effected by standard factors such as supply and demand, and also by the expectation of future interest rate movements. For instance, at the time of writing swap rates are priced at quite some margin above base rate, in response to the expectation of upcoming interest rate hikes.
>> Types of Fixed Mortgage Products that may be Available to You.
Broadly speaking there are 2 types of fixed rate mortgage products :
1) “Short Term” eg. 1, 2 or 3 year fixed.
2) “Long Term” eg. 5, 10, 15 and 25 year fixed.
In general, longer term fixed rate mortgage products tend to be priced higher – but of course you do not then have to review your mortgage for a longer period of time, so avoid lender fees that are often involved in the remortgage or internal product transfer process. So even though they may be priced higher, a longer term fixed rate mortgage may still be the most suitable option for you.
As fixed mortgages often involve an Early Repayment Charge (tie-in) during the fixed rate period, you should only fix your mortgage for a period of time that you feel you can foresee. i.e. if you think you may wish to move home within the next 3 years, it may not be advisable to take out a 5 year fixed rate mortgage.
Please discuss these options with your mortgage adviser for further details. Click here to submit an online fixed rate mortgages enquiry or call us on 0845 1800 290.
We Look Forward to Helping You with Your Fixed Rate Mortgage Enquiry
We are proud to offer a prompt and efficient service that really works for our clients. You can click here to view some testimonials / feedback from past clients.
As we offer a No Obligation, No Cost fixed rate mortgage enquiry service, you have nothing to lose by submitting an enquiry with us.
We look forward to receiving your enquiry, searching through the wide array of fixed rate mortgages available to us, and helping you to find and obtain the most suitable deal.
>> Call us on 0845 1800 290