5 Year Fixed Rate Mortgages
5 Year Fixed Rate Mortgages - 5 year fixed rate mortgages, as the name suggests, are repaid with a fixed interest for a period of five years. This fixed rate may be set at the lender's discretion, and may take into consideration Bank of England base rate forecasts over the long term. The benefits of having 5 year fixed rate mortgages include having peace of mind and knowing exactly what payments will be for the initial five year period of the mortgage. If purchasing a first home, then this will allow for effective budgeting that may be necessary in the initial years of moving into a new home.
At Capital Fortune, we are experienced in arranging 5 year fixed rate mortgages. We are an independent and impartial mortgage brokerage service, in contact with a range of lenders from across the market and are able to access deals that are not available on the High Street. We offer our clients a personalised service, looking beyond advertised rates on 5 year fixed rate mortgages. We look into the terms and conditions and are able to find the deals which are most suitable to the needs of our clients.