Moneytree Solutions are authorised by the FSA
Fixed Rate Mortgages
Fixed rate mortgages are designed to set the interest rate that is paid to the lender for a fixed period of time this can be any period from 1 year to 25 years, they will help budget your monthly outgoings and you can be sure that if interest rates rise you will be protected from the effects of this, alternatively if rates fall your mortgage will remain the same, Moneytree Solutions will discuss with you your attitude to risk and the possibility of rate rise or fall, however nobody can predict the interest rates over many years And much will be down to your personal requirements about the stability of your mortgage payments fixed rates can be applied to both repayment loans and interest only loans
Many of these loans have specific periods that you will be tied into if the mortgage is redeemed early there will be an early redemption charge to pay to the lender.
