Fixed Rate MortgageGive Yourself Payment Stability with a Fixed Rate Mortgage
If you're interested in purchasing a home, but you don't want to deal with the ever-present threat of increasing interest rates, consider a fixed rate mortgage. Available in 5, 10, or 15 year fixed rate periods, a fixed rate mortgage can help provide you with a bit of stability when it comes to your monthly outgoings. Take some time to peruse SimplyFinance's informational articles and tools that may be able to help you feel more confident about making the choice to go for a fixed rate mortgage. More info
The demand for fixed rate mortgages is increasing with the uncertainty surrounding the Bank of England's base interest rate status. From month to month, borrowers on variable and tracker mortgage plans have to deal with the uncertainty of not knowing how much their mortgage payment will be. Since taking out a mortgage is one of the largest financial responsibilities we will ever be faced with, it is helpful to know how much money you'll need to allot each month for the expense. With a fixed rate mortgage, you'll have the same exact interest rate every month for up to 15 years of your loan. Speak with a SimplyFinance mortgage specialist today to learn more about benefits of a fixed rate mortgage and to see if a fixed rate mortgage is the right choice for you. Less
Today, the Bank of England (BoE) decided to lower the base rate from 5.5% to 5.25% because of the weakening UK economy. This rate drop provides a good opportunity for borrowers to remortgage to get a better rate. »
Now is a great time to consider a fixed rate mortgage because rates are at a low level, and they may be getting lower in the near future with another BoE rate cut forecasted by industry analysts. Whether you're in the market for your first mortgage or you're looking to remortgage at a lower rate than what you're currently paying, now is a great time to consider a fixed rate mortgage.»