A guide to mortgage types
Fazil Kazmy CeMAP. CII ER1
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Fazil Kazmy CeMAP. CII ER1
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This quick guide explains the types of mortgages offered, the differences between them, and which type could be right for you -
Fixed rate mortgages
Mortgages that let you rest easy, knowing that your interest rate will remain fixed for a specified length of time.
With a Fixed rate mortgage, you have the chance to secure your interest rate for a set period of time so you don't have to worry about fluctuations in the Bank of England base rate.
A Fixed rate mortgage could be right for you if:
- you're on a fixed budget
- you like to plan your finances in advance
- you want your interest rate to remain fixed for a set time
You have the right to repay the loan either partially or in full during the term of the loan.
If you want to come out of a Fixed rate mortgage before the end of the special rate period, early repayment charges will apply.
Please get in touch with myself if you require further help-
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