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We've partnered with an expert broker, Mojo Mortgages.
Just answer some questions about your situation and let Mojo's expert advisors guide you to a mortgage tailored to your needs. And the best part of it all is, it’s completely free (yes, really!).
With access to lenders across the whole of the market, Mojo advisors strive to save you money and find your best fixed-rate mortgage.
Many people choose to fix their mortgage rate when they first take out the loan. This is so they know what their monthly payments are for a set amount of time.
It may be a good idea to fix your rate if:
Also if you're currently on your lender's standard variable rate (SVR) – the rate you're moved to when your initial deal comes to an end – you should consider fixing your rate.
This is because the SVR is usually higher than other fixed (and variable) deals on the market, so it's more expensive.
To avoid going onto your lender's SVR, it's best to look at remortgaging options around 6 months before your current deal ends.
Most mortgage deals are valid for 6 months, so you can lock in a new rate and switch when your current deal comes to an end, avoiding any ERCs.
If rates fall before your new deal begins, you can switch again.
"Choosing a fixed-rate mortgage means you know exactly what your repayments will be, giving peace of mind and protection against rising interest rates."
When you come to the end of your initial fixed-rate period, you're moved on to your lender's SVR.
This is normally higher than other fixed-rate mortgages on the market, so it's usually best to remortgage to another deal to save money.
Technically yes, but you usually have to pay ERCs or exit fees.
You should make sure you know what these are before you make the decision. You can speak to Mojo's mortgage experts to work out if you would benefit enough from leaving the deal early to make up for the cost of the ERCs.
Usually fixed-rate mortgages have higher interest rates than the variable deals available, making them more expensive initially.
The rates on variable deals can increase though, meaning they could become more expensive during the deal period.
Fixed-rate mortgages can also have higher fees than variable deals.
YOU SHOULD THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME/PROPERTY. YOUR HOME/PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
The Financial Conduct Authority does not regulate mortgages for commercial or investment buy-to-let properties.
Confused.com is not a mortgage intermediary and makes introductions to Mojo Mortgages to provide mortgage solutions.
Confused.com and Mojo Mortgages are part of the same group of companies.Confused.com 2nd Floor, Greyfriars House, Greyfriars Road, Cardiff, CF10 3AL, United Kingdom. Confused.com is a trading name of Inspop.com Limited and is authorised and regulated by the Financial Conduct Authority. FRN 310635
Mojo is a trading style of Life's Great Limited which is registered in England and Wales (06246376). We are authorised and regulated by the Financial Conduct Authority and are on the Financial Services Register (478215). Mojo’s registered office is The Cooperage, 5 Copper Row, London, SE1 2LH.
To contact Mojo by phone, please call 0333 123 0012.
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