A fixed mortgage allows you to lock in an interest rate over a number of years, which provides certainty as you’ll know exactly what your repayments will be over the fixed period. 

There are different fixed-rate deals on the market, and we can advise on the right option to suit your situation and needs. 

Fixed rates are traditionally over two or five years, however, there is another option of a 3-year fixed deal available currently. 

Choosing a 2-year or 3-year fixed rate currently has slightly higher rates so your repayments will be a little more expensive but then you’re tied in for less time, providing you with the flexibility to switch to a lower rate if the market improves by the time your current deal ends. 

Choosing a 5-year fixed term means you stay on the rate for longer, providing more stability over your repayments. The amount you pay monthly won’t change, irrespective of whether the Base rate goes up or down, helping you to budget more effectively. 

5- year fixed mortgages currently have somewhat lower interest rates, making repayments less and improving affordability. Lenders can also lend more over a longer period. 

If a fixed-rate mortgage isn’t for you, then we are here to help you consider alternative options, including a tracker mortgage, that follows the Bank of England’s base rate.

We have access to a whole array of lenders and will spend time to ensure the mortgage offerings we discuss are the right ones for you.  

We offer a fully managed application process so you can relax knowing that we will handle the entire procedure from start to finish on your behalf, keeping you up to date along the way.

Our qualified advisors will do all they can to provide help and support when you’re making these important mortgage decisions, possibly discussing alternative routes that you may not otherwise have considered.

We aim to ensure that every client has a happy experience with Mallory and with our consistent 5-star reviews on Trust Pilot we know we’re doing a great job.

Take a proactive approach 

We can simplify the mortgage process for you and help secure you a great mortgage deal in the process. 

Contact the team on 01565 874 246
Email: hello@malloryfinancial.co.uk