What Happens When a Fixed Rate Ends?
What Happens When a Fixed Rate Ends? Your fixed-rate mortgage gives you payment certainty for a set period. However, that certainty does not last forever. When the fixed period ends, your mortgage usually moves onto your lender’s Standard Variable Rate, unless you arrange a new deal before that date. That can change your monthly payment. For […]
Fixed vs Variable Mortgage
Fixed vs Variable Mortgage: Should You Choose a Fixed or Variable Mortgage Rate? Choosing between a fixed and variable mortgage is not just a rate decision. It is a question of certainty, risk, timing and monthly affordability. A lower rate may look attractive today. However, the right mortgage should still work if your income changes, costs […]