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Fixed rate mortgages With a fixed rate mortgage, the interest rate is fixed for a period of time - usually between two and five years, but the term can be as long as ten. During this period your repayments will be a set amount, after which your mortgage reverts to a Standard Variable Rate (SVR). Pros:
Cons:
Disclaimer: This material is for general information only and does not constitute investment, tax, legal or other form of advice. You should not rely on this information to make any decisions. Always obtain independent, professional advice. |
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