Best Fixed Rate Mortgages UK  

 

 

 

The desirability of fixed Rate mortgages in the UK depends upon the future direction of interest rates. For latest views on the direction of interest rates and inflation see this blog category - Interest Rates

Generally it is advisable to take a fixed rate mortgage under the following conditions:

  1. Inflation and interest rates are likely to rise
  2. Interest rates are undergoing a period of volatility
  3. You need the security of knowing what your monthly payments will be

Best Value Fixed Rate Mortgage Deals

Lender

Term of Fixed Rate

Overall cost for comparison

Arrangement Fee

Halifax Fixed Mortgages 2 Year Fixed Rate deal at Halifax 7.5% £499
Woolwich Fixed Rate Woolwich Fixed Rates, from 2 years to 10 years

2 year 6.6%

10 year: 6.1%

£599
Alliance & Leicester 2 years and 5 years

2 year 7.5%

5 year 7.0%

£599
HSBC Fixed 2 years - 10 years 2 year 6.7%

£499

nil if less than 90% LTV

Abbey Fixed 2 year and 5 year 2 year 7.5% No Fee