Fixed Mortgages

The rate is static for a set period of time, usually a number of years. Once this period has ended, the rate goes back to the lender’s variable rate. Even though you can usually choose the length of the fixed period, the selection will be limited to current offers. There are often redemption penalties on these rates if you wish to repay the loan before the fixed rate is up and occasionally a short time after.

The main advantage of fixing your interest rate is certainty of knowing what your repayments will be for a certain amount of time. Depending upon economic conditions you may also be able to secure funding at rates which are below variable rate pricing. The downsides are the potential loss of flexibility and increased redemption penalties and or redemption terms.

We at David Stock & Co. Ltd are Independent Financial Advisers who can, unlike appointed representatives, obtain quotations from the entire marketplace to ensure we secure the most competitive and appropriate mortgage, pension or tax/investment package available.

If you have any Enquiries about the services we offer or would like a quotation, simply call in our office or contact us via telephone or e-mail. A personal and professional service awaits you.

We have in excess of 5,500 Mortgage schemes & Exclusive deals available.

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Visit our Online Quotation Service - click here...

YOUR HOME MAYBE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE