Fixed Rate

What is a Fixed Rate Mortgage?

These types of mortgages also allow you to have stability in your monthly budget, as your payment will never change in the fixed rate period, regardless of what is happening to the interest rates. If the interest rates drop, you could be paying over the odds, but you are protected in the event that they increase.

Fixed rates are normally offered for 2, 3, 5 or 10 years. There are also the occasional longer term fixed rates that come onto the market. These type of deals are ideal if you are not looking to move from the property within the ‘fixed’ period.

If however your circumstances change and you do wish to move within the fixed rate period, most lenders will allow you to port your mortgage. This means they will allow you to take your current mortgage with you to your new home, and you can take a top-up mortgage from them for the difference you may need on the next purchase. (This is always subject to terms and conditions so always let your broker know if you have any intention to move within the fixed period, so they can advise you accordingly.)

If however your circumstances change and you have to sell within the fixed rate period, most lenders have an early repayment charge that you would have to pay to redeem your mortgage early.

Why use a Broker for Fixed Rate Mortgages?

There are a number of advantages and disadvantages when looking at Fixed Rate mortgages, such as the length of the fixed rate, the arrangement fees for the mortgage, interest rate movements going up or down and penalties if you wish to exit the fixed period early. All of these areas need to be considered and more.

At JF Financial Associates, we remain neutral and don’t favour any one lender over another. Our experienced adviser excels in finding the right solutions tailored to you. They will work with you to understand your needs, your individual circumstances and what would suit you best.

So if you are looking for stability in your budget for any length of time, give us a call on 0345 508 8588. You have nothing to lose and everything to gain.

JF Financial Associates will never sell you something you don’t want. We offer honest advice on what you need.

PLEASE NOTE – Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

Contact us now on 0345 50 88 588

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"Very helpful throughout the remortgage process and very good at explaining everything in simplified terms we could relate to and not just financial jargon."

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Thank you very much for all your hard work obtaining our first mortgage, which was so difficult to get providing our limited finances! Your assistance has been invaluable, and we would have never achieved this without you! We would have no hesitation in using your services again or, indeed, in recommending you to anyone who requires services of a mortgage & insurance specialist.

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This was from a client we have been working with for over 7 years now: "Many thanks for all your hard work and effort to obtain our mortgage offer! I can't tell you how it feels for us to have gone from having nearly 100k of debt and a 'hopeless case' to getting a high street mortgage (in less than 7 years!)

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Justin was recommend by my bother who had his mortgage arranged with him a couple of years before. The set up process was very easy, Justin got me on the phone, found out my needs and financial details and then came back a couple of days later with three options for me to pick from. After than things went smoothly, Justin and his team were VERY helpful, they even helped fix a couple of problems caused by my solicitors. On the day of completion Justin was on the phone making sure everything was fine as were his team. I felt very well looked after and even decided to arrange extra life cover with Justin.

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We have been a client of JF Financial for almost 9 years. Justin goes above and beyond to ensure everything runs smoothly. The service this company provides is 5 star. Would 100% recommend JF Financial.

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Knowing Justin is a blessing, I had couple of re mortgage with JFinancial. Very friendly & stress free service, Justin always look after all small details before the application. Hassel free , as long you have all uptodate documents. Great service. Just talking to him is a great pleasure.

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I would like to thank Justin from J F Financial for his extremely professional service. After my recent stage one interview which was to understand all aspects of my financial position he was able to tell me more about my finances than I knew myself. Justin gave me clear, decisive advice which enabled me to put things in place to secure future financial stability. I initially went to Justin to see if he was able to help secure an acceptable rate on the re-mortgage of my property as it had come to the end of its term and slipped into variable rate. This was something that I did not think was possible in today’s current financial market. Justin not only matched my existing interest rate but secured this rate for the next 5 years. From Stage one to completion of the mortgage I found this to be a very smoothly run and professional service and would not hesitate with recommending Justin from J F Financial to any of my family or contacts in the future.

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Just thought would drop you a quick line to say thank you for all your help with helping us along the process of buying our flat. We are all settled in now and loving it!! I will highly recommend you to all my friends, as it was a pleasure dealing with you and you made the whole process a lot less stressful. Once again many thanks for all your help and your useful knowledge.

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Thank you very much for your help, it’s a pleasure dealing with you and will definitely recommend you to my family and friends. Easy remortgage with no hassle!!! Thanks again.

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This was a big help in meeting all my needs, very helpful and professional

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5 star service. Could not recommend JF Financial highly enough. Justin assisted us throughout the whole house buying/selling process. He made one of the most stressful processes in life easy and hassle free. Was always available for any advice, even out of office hours! Would never look elsewhere for any financial advice in the future.

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We have just completed on our 2nd mortgage arranged by Justin. We wouldn’t consider going to anyone else as JF Financial Associates are friendly, professional and determined to find the best mortgage for our ever evolving needs. Justin is able to explain the whole process in an understandable way, making sure you are fully aware the next stage of the process. I have no hesitation in recommending their services. Mr & Mrs Wallis. West Sussex.