Fixed rate 30 year remortgage payments calculator
What will be my monthly payments on a fixed rate 30 year remortgage?
If you prefer a lower-risk and longer-term home loan, the Fixed Rate 30 Year Remortgage Payments Calculator can help you to work out what you can expect to pay on a 30 year remortgage. This means that you can decide whether it would be worth switching from your existing deal. A longer term remortgage can offer you the best of both worlds: the fact that your deal is fixed means that you can guarantee that your monthly repayments will remain the same throughout your deal, and the fact that you are taking out the loan over a much longer period means that you will often pay a lower rate of interest.
In the same ways that savings accounts pay higher interest rates when you agree to lock your money away for a longer period of time, remortgage providers will incentivise customers to fix their loans for as long as possible, because this means that they can guarantee your custom over a number of years. If for any reason you did decide to leave a fixed rate deal before the end of the fixed-rate period, you would be liable for a fine that could negate any savings that you have made by moving - so consider carefully before taking out a 30 year remortgage. Use the Fixed Rate 30 Year Remortgage Payments Calculator to help you in the decision-making process, but it is advisable to speak to a broker before proceeding with a long term mortgage.