Fixed rate
With a fixed rate mortgage your repayments will stay the same until the end of the fixed-rate period, even if interest rates change.
You'll know exactly how much your payments will be, helping you plan a monthly budget.
- If mortgage rates fall, you'll be tied into your fixed rate mortgage until the fixed term ends.
- An Early Repayment Charge (ERC) can be paid in order to exit your current deal and find a new rate.