What is a Fixed Rate Remortgage?

Fixed rate remortgages have a fixed interest rate and monthly payment for the life of the loan or a preset period of time. They are a great way to budget your payments as you will know what your mortgage will cost every month. We highly recommend this product for people who want no surprises from their mortgage payments or have fixed income streams where a majority portion of their income goes towards their mortgage payment.

I Have Bad Credit, Can I Get a Fixed Rate Remortgage?

Yes, off course you can! Anyone can get a fixed rate remortgage, even if you have severe credit problems. At Lendgo, we have a vast array of mortgage advisors that can offer you a bad credit fixed rate mortgage at a super low rate. Get a free quote and see for yourself.

What to Look For In a Fixed Rate Remortgage

Although, a fixed rate mortgage is a simply straightforward product it does have some pitfalls. First off, fixed rate remortgage loans can have different fixed periods; some loan programs are fixed for the life of the loan, while others are fixed for a period of time. Loans that are fixed for the life of the loan are great as long as they have a low rate. Find out if you have the best fixed rate mortgage here. Loans that are fixed for a period of time, it is important to note how long the loan is fixed for and more importantly what your rate is going to be after the initial fixed period.

Is a Two Year Fixed Remortgage a Good Idea?

It depends on the exact terms of the loan. The questions to ask are: 1) what will the rate be after the fixed period? 2) What are the penalties, if any, if I want to remortgage later on. With that said, some the best loan programs on the market are 2 year fixed programs. We have seen rates as low as 2.8% fixed for 2 years. These programs as especially good for borrowers that are having short term financial difficulties; they have super low payments for two years while they get back on their feet.