Specialist Fixed Rate Mortgage Brokers
A fixed rate mortgage is where the interest rate on your mortgage remains the same for an agreed period of time. You and the mortgage lender have agreed to fix the interest rate owed on your mortgage for a set period of time usually between 1 and 5 years. This type of mortgage can allow you to budget more easily as the amount you pay each month remains the same until the fixed rate period comes to an end. This means that if you have a fixed rate mortgage, even if the Bank of England Base Rate changes, the interest rate on your mortgage remains constant over a fixed period.
The mortgage market has never been so competitive. Never before has there been such a bewildering range of mortgage products available to you. As we neither represent a particular Bank or Building Society we can use a wide range of lenders products, finding the one that is specifically right for your needs. Contact your local Devon Mortgage Broker at Eclipse Financial Solutions for mortgage advise in Devon.