Skip to main content
FOLLOW US:
Call Us Now 01622 831855
MENU
  • Home
  • Our Company
  • Why Indigo?
  • TCF
  • Our Adviser
  • Privacy Policy
  • Privacy Notice
  • Contact Us
  • Mortgages
    • Introduction to Mortgages
    • Mortgage Repayment
    • First Time Buyer
    • Remortgaging
    • Buy-to-let
    • Standard Variable Rate Mortgages
    • Fixed Rate Mortgages
    • Tracker Mortgages
    • Cashback Mortgages
    • Offset Mortgages
    • Second Charge Mortgages
    • Self Build Mortgages
  • Life Assurance
    • Introduction to Life Assurance
    • Level Term
    • Increasing Term
    • Decreasing Term
    • Renewable Term
    • Convertible Term
    • Whole of Life
    • Family Income Benefit
  • Health Insurance
    • Introduction to Health Insurance
    • Private Medical
    • Critical Illnes
    • Income Protection
  • General Insurance
    • Household
    • ASU
    • Redundacy / Unemployment
  • Equity Release
    • Introduction to Equity Release
    • Types of Equity Release
    • Lifetime Mortgage
    • Home Reversion Plan
    • Drawdown Lifetime Mortgage
    • Home Income Plan
    • Costs
  • Business Insurance
    • Introduction to Business Insurance
    • Keyperson
    • Share Protection
    • Income Protection
  • Mortgage Calculators
    • Mortgage Borrow
    • Mortgage Repayment
    • Overpayment
    • Stamp Duty
  • Research Links
  • Mortgages
    • Introduction to Mortgages
    • Mortgage Repayment
    • First Time Buyer
    • Remortgaging
    • Buy-to-let
    • Standard Variable Rate Mortgages
    • Fixed Rate Mortgages
    • Tracker Mortgages
    • Cashback Mortgages
    • Offset Mortgages
    • Second Charge Mortgages
    • Self Build Mortgages
  • Life Assurance
    • Introduction to Life Assurance
    • Level Term
    • Increasing Term
    • Decreasing Term
    • Renewable Term
    • Convertible Term
    • Whole of Life
    • Family Income Benefit
  • Health Insurance
    • Introduction to Health Insurance
    • Private Medical
    • Critical Illnes
    • Income Protection
  • General Insurance
    • Household
    • ASU
    • Redundacy / Unemployment
  • Equity Release
    • Introduction to Equity Release
    • Types of Equity Release
    • Lifetime Mortgage
    • Home Reversion Plan
    • Drawdown Lifetime Mortgage
    • Home Income Plan
    • Costs
  • Business Insurance
    • Introduction to Business Insurance
    • Keyperson
    • Share Protection
    • Income Protection
  • Mortgage Calculators
    • Mortgage Borrow
    • Mortgage Repayment
    • Overpayment
    • Stamp Duty
  • Research Links
  • Home
  • Fixed Rate Mortgages

Fixed Rate Mortgages

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

In a fixed rate mortgage arrangement, the interest rate is fixed for a pre-determined period of time, which can be for up to 5 years or more. The monthly mortgage payment will not change, no matter whether the Bank of England, or the mortgage provider, raises or reduces their interest rates. For the borrower, the advantage of a fixed rate deal is that he or she knows exactly how much their monthly repayment is going to be each month and for how long.

In some instances, the interest rate charged on a fixed rate mortgage can be higher than the interest rates charged for other types of mortgages. The borrower may also have to pay an arrangement fee to set up a fixed-rate deal.

Usually, once a fixed rate arrangement comes to an end, the lender's standard variable rate applies.

Call Us Now 07860 445162 Send Us An Enquiry

Indigo Mortgage and Financial Services Ltd is an appointed representative of Quilter Mortgage Planning Limited which is authorised and regulated by the Financial Conduct Authority.

Indigo Mortgage and Financial Services Ltd is registered in England and Wales, Company No: 11707531. Registered Address: 2 Lovelace Close, Abingdon, OX14 1XW.

The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK.

Buy to let mortgages are not regulated by the Financial Conduct Authority.

© Copyright 2021 Mortgage Pro. All Rights Reserved.

Design and Development by Mortgage Pro