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Fixed rate mortgages.
With a fixed rate mortgage, it sets the interest rate
you will pay for a specified period. This will guarantee
the amount that you pay for each month for the agreed
period of time. Once the fixed time period is at an end,
your repayments will be at the lender's standard variable
rate.
The specified period for the fixed rate is usually between
six months and up to five years. In order to take advantage
of the best rates, you should look at the deals from 1
to 3 years. Some lenders will offer some very long term
fixed rates, such as 10 years or even for the life of
the mortgage term.
This is where we can
help!
We can advise you on the best fixed rate mortgage provider
and fixed rate mortgage product for your personal requirements.
We can either provide you with a fixed
rate mortgage quote, telephone
you to discuss your fixed rate mortgage requirements
and even arrange a face
to face meeting in your own home or at work with a
local independent mortgage adviser.
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