Rates
Should I choose a fixed or variable rate?
It depends on how much certainty you want over your payments, and on the fees behind the headline rate.
Fixed-rate mortgages
With a fixed rate, your monthly payment stays the same for the length of the deal, whatever happens to interest rates. That makes budgeting simpler.
Fixed deals can cost a little more than the most competitive variable deals.
Variable-rate mortgages
Variable rates can be cheaper to begin with, but your payment can go up. They move with the market and with the lender’s own decisions, not only with the Bank of England base rate, so you need to be confident you could afford a rise.
Check the fees
A low rate can come with a large arrangement fee. Sometimes a slightly higher rate with little or no fee costs less overall. We’ll show you the total cost of each option over the length of the deal.
Which is better?
It depends on your budget, your plans and how comfortable you are with your payments changing. We’ll talk it through and recommend the option that suits you.
Book a free first appointment
Meet Greig at home, speak by video or do it all over the phone, at a time that suits you. There’s no charge and no obligation.
