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Fixed Rate Mortgage
Fixed Rate
The interest rate applicable on a mortgage can be fixed for a period between 1 and 10 years with most lenders. The benefit of a fixed rate is knowing exactly how much you repayments will be for a set period of time.
Advantages
Fixed monthly repayments
Helps you to plan your budget
Security in the event of interest rate increases
Disadvantages
X Penalties for breaking out of fixed rate term
X May lose out if a fall in interest rates
FIXED RATE - ONLINE APPLICATION
Warning: You may have to pay charges if you pay off a fixed rate loan early.
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With access to twelve leading lenders, Mortgage Plus are able to offer you the best mortgage rates available and now as part of our expanding portfolio, we offer 100% mortgages for the first time buyer. Click here to APPLY ONLINE
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