With Bank Base Rate at an all time low, there is only one way it can go. Trying to second guess when this is going to happen is anyone’s guess. Fixed rates currently being offered by the lenders are competitive. The minute the Bank Base Rate increases you will see the lender increase their rates too.

best fixed rate mortgagesWhen is the right time to secure the best fixed rate mortgages?

When is the right time to fix, now or wait a little longer. If you wait until the BBR increases then you might have missed the boat. Fix now and you might be paying more each month until rates increase up to what you have fixed at.

One of the main reasons to apply for the best fixed rate is to secure your monthly outlay for a set period, albeit, 2 years, 3 years or even 5 years. The rates tend to be higher the longer you fix the rate for.

Another reason to lock into fixed rate mortgages could be the fact that you are a first time buyer and require a fixed rate in order to secure your monthly outlay for a set period in order to get used to paying the mortgage and not having to worry about it fluctuating up and down on a monthly basis.

Looking at the best fixed rate mortgages is not necessary all about the headline rate, although very attractive and enticing you have to consider the fees that are attached to the products and whether they can be added or are required to be paid upfront, any tie in periods that extend beyond the fixed rate period.

Let the experts find the best fixed rate mortgages

We will look at the best fixed rate mortgages to suit your requirements based on your financial situation now and going forward.

If you are looking for the best fixed rate mortgages, give us a call or email us with your requirements and we will provide you with a personal illustration.  Alternatively check out our best buy table on our website.

If you have any questions on the best fixed rate mortgages then please feel free to give us a call on 01489 580020 or you can email us we will be happy to help.

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