Why people generally use fixed vs variable
Choosing a fixed rate mortgage will give you peace of mind where interest rates are likely to be volatile and gives an insurance policy against rate hikes. Ultimately the decision as to whether to fix will come down to how important certainty that your repayments will stay the same is for you.
If you can only just afford your mortgage repayments at their current level then fixing your rate will ensure that you can maintain payments whatever short-term changes are made to the base rate.
With all the uncertainty surrounding Brexit it has never been more important that you seek expert advice from a mortgage broker who has comprehensive knowledge of the market, and access to exclusive mortgage products which are not available on the high street.
At Bennison Brown we will conduct a thorough assessment of your circumstances and tailor a mortgage deal to suit your needs.