Fixed Rate RemortgageGuard Against High Interest Rates with a Fixed Rate Remortgage

If you are coming to the end of your current mortgage deal, and are on the lookout for a new deal that would lower your monthly repayments, you may find that now is a good time to choose a fixed-rate remortgage deal. Typically, people choose a fixed-rate remortgage when they want to be certain about how much will be leaving their account each month, in order to make budgeting easier. More info

The alternative to a fixed-rate deal would make you dependent on the Bank of England base rate, meaning that you would run the risk of your mortgage payments rising significantly. At least with a fixed-rate deal, you have the peace of mind of knowing that for a set period of time (typically 5, 10 or 15 years), your repayments would not change regardless of the financial climate. At SimplyFinance, we offer a number of resources to help you decide whether a fixed-rate remortgage is right for you. We are also happy to put you in touch with a qualified remortgage advisor, so simply fill out our short form if you would like to have someone get in touch. Less