When you get a mortgage, you’ll be charged a rate of interest on the loan. This can be fixed for a period of time or change over time, depending on the type of mortgage you choose. Each lender will offer their own rates on their deals, but all rates are influenced by the Bank of …
Leaving your fixed-rate early Fixed-rate mortgages give you security. You’re locked into a price for a set amount of time and know exactly how much you need to pay each month. But what happens if you consider leaving your fixed-rate early and decide to remortgage? Can you remortgage before the end of a fixed term, …
The initial rate, also known as “initial term cost”, allows lenders to set a specific interest charge over an agreed period of time on your mortgage. That initial term cost is regulated by the Financial Conduct Authority (FCA), and the average rate is set depending on the length of the fixed term, eg: 2, 5 …
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