Looking for the best fixed rate mortgage?

Below are our selection of the best deals currently available to our clients. With a fixed rate mortgage your lender offers you an interest rate that is fixed for an initial term. The most popular type of fixed term mortgage, was until recently two year fixed deals. However recently more lenders are offering competitive rates on fixed rates across five or even ten year fixed terms. Fixed rate mortgages give you peace of mind that your monthly mortgage payment will remain the same over an agreed period of time. That means that you'll know how much you need to budget each month for this major expenditure. At the end of the fixed rate term, your mortgage lender will usually transfer you onto their standard variable rate. Ahead of this it's always advisable to speak with a mortgage broker to look at your personal situation and shop around for the best available deal.

Why speak to a mortgage adviser?

Before deciding to opt for a fixed rate mortgage from the below table, it's important to speak with an independent mortgage expert. Our advisers at John Charcol will be able to assist you in comparing products from across the mortgage market to help you decide which mortgage is best for you, if you can get a better rate than your currently on and if we can find a provider who can offer you a better deal than your existing provider our experts will let you know.

Current best fixed rate mortgage deals:

Initial Rate
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Total amount of credit
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Monthly repayments
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Scheme fees
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Total amount payable
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Overall rate
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Max Loan to value 60%: 2 Year 1.04% Fixed. First Time Buyers Only (must complete by 30/09/2017). Maximum loan £1,000,000.
Initial Rate
1.04% Fixed until 30/09/2019 then 3.74% variable for term
Total amount of credit
£270,000
Monthly repayments
£1,022
Scheme fees
£1,564
Total amount payable
£397,494
Overall rate
3.30% APRC

Fees and charges:

Booking Fee£0
Arrangement fee£999
Valuation fee£565
Other fees£0
Cashback£0

Flexibility:

Overpayments allowed?Subject to any current offers
Early Repayment Charges2.00% until 30/09/2018, 1.00% until 30/09/2019

Other info:

Exit fee£0
Basic legalsPayable
Special Deal
Call now for more information: 0344 346 3672
Representative example A mortgage of £270,000 payable over 25 years on a repayment basis, initially on a fixed rate for 2 years at 1.04% and then on a variable rate of 3.74% for the remaining 23 years would require 28 payments of £1,022.08 and 272 payments of £1,350.41. The total amount payable would be £397,494 made up of the loan amount plus interest (£125,930) and fees (£1,564). The overall cost for comparison is 3.30% APRC representative.
Max Loan to value 85%: 2 Year 1.39% Fixed.
Initial Rate
1.39% Fixed until 31/07/2019 then 4.49% Variable for term
Total amount of credit
£382,500
Monthly repayments
£1,509
Scheme fees
£1,499
Total amount payable
£607,344
Overall rate
4.00% APRC

Fees and charges:

Booking Fee£0
Arrangement fee£1,499
Valuation fee£0
Other fees£0
Cashback£250

Flexibility:

Overpayments allowed?10% per annum
Early Repayment Charges£74 + 2% til 31/07/2018, £74 + 1% til 31/07/2019 plus £250 cashback repayable

Other info:

Exit fee£74
Basic legalsPayable
Special DealCashback of £250. Free valuation. Free legal service for remortgages only.
Call now for more information: 0344 346 3672
Representative example A mortgage of £382,500 payable over 25 years on a repayment basis, initially on a fixed rate for 2 years at 1.39% and then on a variable rate of 4.49% for the remaining 23 years would require 26 payments of £1,509.36 and 274 payments of £2,067.62. The total amount payable would be £607,344 made up of the loan amount plus interest (£160,257) and fees (£1,573 which includes exit fees of £74). The overall cost for comparison is 4.00% APRC representative.
Max Loan to value 60%: 5 Year 1.70% Fixed. Available for loans from £500,000 to a maximum of £2,000,000.
Initial Rate
1.70% Fixed until 31/10/2022 then 3.74% - Barclays Base Rate plus 3.49% for term
Total amount of credit
£1,020,000
Monthly repayments
£4,174
Scheme fees
£2,464
Total amount payable
£1,449,625
Overall rate
2.90% APRC

Fees and charges:

Booking Fee£0
Arrangement fee£1,499
Valuation fee£930
Other fees£35
Cashback£0

Flexibility:

Overpayments allowed?10% per annum
Early Repayment Charges£80, plus (3% until 31/10/2022) of balance repaid

Other info:

Exit fee£80
Basic legalsPayable
Special Deal
Call now for more information: 0344 346 3672
Representative example A mortgage of £1,020,000payable over 25 years on a repayment basis, initially on a fixed rate for 5 years at 1.70% and then on a variable rate of 3.74% (3.49% above Barclays Bank Base Rate, currently 0.25%, which will not go below a floor of 3.49%) for the remaining 20 years would require 65 payments of £4,173.60 and 235 payments of £5,007.35. The total amount payable would be £1,449,625 made up of the loan amount plus interest (£427,081) and fees (£2,544 which includes exit fees of £80). The overall cost for comparison is 2.90% APRC representative.