A fixed rate remortgage stays the same during your mortgage term of 5 years, 10 years or more. This provides peace of mind to households so they know exactly how much they are paying for their mortgage each month and the rate will not charge due to other market conditions. The opposite is a variable rate remortgage where the starting rate could be higher or lower as it changes according to the market.
If you are concerned about the economy and fluctuating interest rates, a fixed rate remortgage could be a good option for you. With rates starting from around 1.8% to 1.9%, Remortgage Quotes Online can help you get the best deal possible by comparing rates from across the whole of the UK market.
5-Year fixed remortgages are a very popular option and with introductory offers available, we can help you get a remortgage deal at the most cost effective rate possible.
When applying for a fixed rate remortgage, you have to consider that using other products such as variable or tracker remortgages could be cheaper at various times, depending on the UK property market and economy. However, you also consider that you receive added security by being on a fixed rate and knowledge that the rate will not change during your mortgage term.
We will provide you with a number of fixed rate remortgage quotes in real-time. Each mortgage deal will come with different terms and conditions and you will need to consider your personal requirements, such as the flexibility to make overpayments without penalties or being able to move the mortgage if you plan to move home in the next few years.
In addition, to make sure that you get the cheapest and more suitable product, you can always remortgage before the period is up, especially before your introductory period is over and you move to the higher standard variable rate.
When calculating how much you will save overall, consider any additional costs such as arrangement fees, exit fees for leaving your existing mortgage and any legal and valuation fees which may be required too.
When you apply through our online application, we require a few basic details including the estimated value of your property and the equity that you have in your home. A lot of fixed rate remortgage deals are based on loan-to-value (LTV) and lower rates are available for those with more equity in their property.
Upon completing the application in less than 5 minutes, we will be able to provide a list of real-time quotes from over 40 mortgage partners that we work with, or you can use our remortgage calculator provided.
We run a soft search credit check so there is no impact to your credit score and all quotes provided are no obligation. To get a quote today, simply click on the apply button below.