Fixed Rate vs Variable Rate Mortgages
- CYS Financial Ltd
- Jul 21
- 1 min read
Not sure whether to choose a fixed rate or a variable rate mortgage? Here's a simple way to think about it.
A fixed rate mortgage means your monthly payments stay the same for an agreed period, usually 2 or 5 years. It's great if you want certainty and protection from interest rate rises.
A variable rate mortgage, on the other hand, can go up or down depending on your lender's rate or changes in the market. That means your monthly payments could change too.
Here's a bonus tip... Some lenders also offer Green Mortgage products for energy-efficient homes with an EPC rating of B or above. These can sometimes come with lower interest rates or cashback, so it's always worth checking if your property qualifies.
Follow CYS Financial for practical, jargon-free mortgage advice to help you make smarter property finance decisions. And if you're looking for tailored mortgage advice, send me a message or visit www.cysfinancial.co.uk.
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