Fixed rate mortgages

Fixed rate mortgages are one of the most popular types of mortgage. One advantage of a fixed rate mortgage deal is that you know exactly what you will be repaying each month which makes it easier to budget and is more secure for those who are operating within a tight budget.

Top fixed rate mortgages are attractive to homeowners who have a conservative attitude towards risk. In general fixed rates are linked to base rate. As interest rates rise and fall so do the interest rates attached to a fixed mortgage rate.

Most fixed rate mortgages are presented as deals that last for two, three or five year fixed rate mortgage deals, though you can get ten year and even lifetime fixed rate deals. Typically, the interest rates are lower for shorter deals and higher for longer deals. This is because the lender is taking a risk on what the base rate will do over the length of the fixed rate deal, so there is less of a risk in attempting to predict what base rate will do over a shorter period, therefore the rate will be lower for a two year deal than a three year product.

	The top ten cheapest two-year fixed rate mortgage deals The gap between the best tracker mortgage deals and cheapest fixed rate deals has rarely been narrower. We reveal the top ten two-year fixed rate mortgage deals.
	The best fixed rate mortgage deals The fall in gilt yields has led to a decline in swap rates that are used as the basis for deciding the rate of fixed rate mortgage deals. This means that there are some great fixed rate deals available now.
	Nationwide cuts fixed-rate mortgages Fixed-rate mortgages from Nationwide have been reduced by up to 0.3 per cent.
	N&P launches new low rate fixed term mortgages The Norwich & Peterborough Building Society has launched a new range of fixed rate mortgages with rates starting from just 2.94 per cent.
	Barclays unveils new fixed rate mortgage deals Barclays is offering an escape from rising standard variable rates (SVR) with the launch today of four competitively priced fixed rate mortgages.