Fixed Mortgage
In a fixed mortgage, the interest rates you pay are fixed for a set period, generally for 2 to 5 years. One of the big advantages of a fixed mortgage rateS is that it enables you to have fixed monthly mortgage payments for a predetermined period of time. This will  allow you to budget your expenses with confidence. Fixed mortgage rates are available from 6 months to 25 years. The lowest fixed mortgage rates are available for shorter periods, however some lenders offer pretty competitive fixed mortgage rates even for long periods. The downside of a fixed mortgage rate is that if the lender reduces its rates, you will end up paying a higher rate for the fixed period

 
 
 
Although, mortgagerates123.co.uk has made every effort to ensure that the mortgage rates listed are correct, it bears no responsibility in case of an error. 
Copyright 2011 TUDORHAY LTD All rights Reserved.