Fixed Rate Mortgages
ADVICE
Whilst fixed rate mortgages are often a popular choice for those who want to know exactly how much their monthly repayments will be and for how long, it’s very important to find the best fixed rate. This is where Matrix Financial can help. Our team of mortgage advisers are based in Cambridge and help clients across Suffolk, Essex and Hertfordshire. We can help you find the best deal most suited to your financial situation. We scour the market for the latest deals and even have access to special deals not directly available to customers.
WHAT ARE FIXED RATE MORTGAGES?
A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME. 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.
CONTACT OUR MORTGAGE ADVISERS TODAY
If you’re looking for advice on fixed rate mortgages, get in touch with our expert mortgage brokers based in Cambridge. We predominantly serve the following areas: Cambridge, Bedford, Bury St Edmonds, Huntingdon, Saffron Walden and Cambridgeshire but have experience providing mortgage advice to clients all over the UK. Call us on 01223 365340 or 07773 793349 today or click on our mortgage enquiry form above to send us a message.
ADVICE
Whilst fixed rate mortgages are often a popular choice for those who want to know exactly how much their monthly repayments will be and for how long, it’s very important to find the best fixed rate. This is where Matrix Financial can help. Our team of mortgage advisers are based in Cambridge and help clients across Suffolk, Essex and Hertfordshire. We can help you find the best deal most suited to your financial situation. We scour the market for the latest deals and even have access to special deals not directly available to customers.
WHAT ARE FIXED RATE MORTGAGES?
A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME. 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.
CONTACT OUR MORTGAGE ADVISERS TODAY
If you’re looking for advice on fixed rate mortgages, get in touch with our expert mortgage brokers based in Cambridge. We predominantly serve the following areas: Cambridge, Bedford, Bury St Edmonds, Huntingdon, Saffron Walden and Cambridgeshire but have experience providing mortgage advice to clients all over the UK. Call us on 01223 365340 or 07773 793349 today or click on our mortgage enquiry form above to send us a message.
