If you need the peace of mind of knowing exactly what you have to pay each month... regardless of what the interest rates do, then a fixed rate mortgage could be for you.

Similarly, if you predict that interest rates are going to increase significantly over the next few years, then it could make sense to go for a fixed rate deal. This is how fixed rate mortgages work...

The amount you repay the UK mortgage lender each month, is at a fixed interest rate for a certain period of time, regardless of the interest rate in the market place. These fixed rates are often offered by lenders for a period of 2 to 5 years. Shorter and longer periods can be found in the market... it depends on the lender and the products on offer at the time. So what happens at the end of the fixed rate (or 'benefit') period? The fixed rate you have been paying rate will normally be switched by the lender, to their Standard Variable Rate (SVR). This could mean higher, or lower, payments depending what the prevailing interest rates are in the market.

Booking and/or arrangement fees and early redemption charges often apply to fixed rate mortgages, in order to act as a 'tie-in' and if you were to pay off your mortgage early, it could cost you dearly. Sometimes these conditions last longer than the fixed rate period, so it is extremely important to get detailed advice from our mortgage advisers whether or not this is the right type of mortgage for you and your particular circumstances.

If you would like to go direct to information as to which are the 'Best Buys' for Buy to Let mortgages, currently available for you to choose from, then please click the 'Best Buys' link below.

	Fixed Rate 'Best Buys'
	To view current Fixed Rate 'Best Buy' mortgages, click this link or the arrow right

If you prefer, you can take the opportunity right now whilst you are online, to request a buy to let mortgage adviser to contact you at your convenience regarding which mortgages you could apply for right now. Just click on the Advice link below.

For advice as to whether a fixed rate mortgage is the right choice for you, please click this link.