Call us free on 08000 38 37 36
Alexander Hall Mortgages Types of mortgage Fixed rate mortgage deals and interest rates
A fixed rate mortgage provides guaranteed monthly payments for a predetermined period of time.
If you're the kind of person who likes certainty and the reassurance of knowing exactly what your monthly outgoings will be, then a fixed rate mortgage may be most suitable for you.
A fixed rate mortgage sets the interest rate that you will pay for a specified period, guaranteeing the amount payable each month for a fixed length of time.
Fixed rate mortgages often have an early repayment charge which varies between lenders. Usually, this only applies during the fixed rate period itself; however there may be some which do have early repayment charges beyond this period.
| Lender | Initial rate | Type & period | Reverting to | The overall cost for comparison | Early Repayment Charges | More details or apply |
|---|---|---|---|---|---|---|
 |
2.48% | Fixed Until 30/11/2013 | 4.95% | 4.7% APR | 3% of loan to be paid until 30/11/2013 | |
 |
"Very low 2yr fixed rate" Call 08000 38 37 36 for more details or to apply. |
|||||
 |
2.99% | Fixed 31/01/2014 | 5.99% | 5.7% APR | 3% of loan to be paid until 31/01/2014 | |
|
"Good all round 2 year fixed rate" Call 08000 38 37 36 for more details or to apply. |
|||||
 |
3.39% | Fixed 31/08/2013 | 3.99% | 3.8% APR | 3% of original loan to be paid until 31/08/2012, Then 2% of orig | |
|
"Good affordability criteria for borrowers on good value 2 yr fixed deal - Repayment Only" Call 08000 38 37 36 for more details or to apply. |
|||||
|
3.49% | Fixed 31/01/2017 | 5.99% | 5.2% APR | 5% of loan to be paid until 31/01/2017, Then reducing | |
|
"Low-cost long-term stability on a very well priced 5 yr fixed deal" Call 08000 38 37 36 for more details or to apply. |
|||||
|
3.84% | Fixed 31/01/2014 | 5.99% | 5.6% APR | 3% of loan to be paid until 31/01/2014 | |
|
"Great value for 15% deposit - 2yr fixed at 85% LTV" Call 08000 38 37 36 for more details or to apply. |
|||||
 |
3.99% | Fixed 31/03/2014 | 4.99% | 4.6% APR | 3% of loan to be paid until 31/03/2013, Then reducing | |
|
"Great value on both rate and low fee for this 2 yr Fixed Buy to Let" Call 08000 38 37 36 for more details or to apply. |
|||||
 |
3.99% | Fixed Until 31/12/2013 | 5.99% | 5.7% APR | 3% until 31/12/2012 then 2% until 31/12/2013 | |
|
"Exclusive Buy to Let Product with good all-round value" Call 08000 38 37 36 for more details or to apply. |
|||||
 |
5.95% | Fixed Until 31/03/2014 | 5.99% | 6.0% APR | 3% Until 31/03/2014 | |
|
"5% deposit only required, very good for First Time Buyers and Remortgage" Call 08000 38 37 36 for more details or to apply. |
|||||
Email a friend about these mortgage deals
Once the fixed time period expires your mortgage repayments switch to the mortgage lender's standard variable rate. This arrangement will enable you to more accurately forecast your budget during the initial years of your mortgage term.
In addition, if the interest rate rises above the fixed rate that you are paying, you will actually save money. However, the reverse of this is also true. If the interest rate goes down whilst the fixed rate deal is in place, you will end up paying more.