Fixed-Rate Mortgages

Speak to an Expert Advisor

or

Let us Look Into The Best Rates

Why Choose Us

0 %
5-star reviews on Google
0
years we have been as independent mortgage and protection brokers
0 %
customer satisfaction for finding the best deals on the UK market
£ 0
total donated to various charities

Why Choose Ascot Mortgages

0 %
5-star reviews on Google
£ 0
total donated to various charities
0
years we have been as independent mortgage and protection brokers
0 %
customer satisfaction for finding the best deals on the UK market

What Our Clients Say About Us

5.0 Based on 139 reviews from review us onEric T. ★★★★★ We have dealt with Ascot Mortgages twice. Once for a mortgage about eleven years ago and recently for life insurance.In both cases we were treated with the utmost respect and professionalism.In the case of the life insurance application, we considered ourselves to be problem customers because of our age and numerous health issues.Richard Johnson, who managed this application couldn't have been more helpful.He worked in our best interest and was dedicated to providing an excellent service.We were kept up to date through all of the stages of the application and when our doctors were very slow in producing medical reports for the insurance company he persisted where others might have given up.The service we had from Richard was pleasant and professional throughout some difficult stages.My wife and I have no hesitation in recommending Ascot Mortgages.Zack R. ★★★★★ Having dealt with Ascot Mortgages and Alison for many years now I can say that you wont find a more professional, knowledgeable and efficient company to help with your mortgage. Alison is patient and makes the whole process seem easy. She has the answer to any question you have and seems to genuinely care. I can not recommend enough. I am sure I will be using Ascot Mortgages for years to come.Umair Z. ★★★★★ It has been a fantastic experience to work with both Phil and Jardelle at Ascot Mortgages to secure a mortgage product for my first home. Phil made the mortgage process smooth and easy. They are professionals and know what they are doing. Very pleased with the service and communication. would highly recommend them.Hello at NLP West M. ★★★★★ I needed a buy to let re-mortgage. Ascot were efficient from start to finish. I can recommend them completely especially because they can search the whole spectrum of mortgage lenders and meet the clients needs. never waiting for staff to get back and always kept me in the loop.Onohomen O. ★★★★★ ZHOU J. ★★★★★ It has been a brilliant experience to work with both Phil and Jardelle at Ascot Mortgages to secure a great mortgage product for our next home. Given how challenging the current market is, they have done a fantastic job to meet our needs with their expertise, professionalism and effectiveness. We would highly recommend their services to whom seeks help with their property purchase.Nicholas S. ★★★★★ Fantastic service. Ellie and Jardelle were always quick to reply to any queries and very helpful throughout the process. Highly recommend!Stacey S. ★★★★★ Jason was brilliant to work with! Always on top of the transaction! Would highly recommend 👍Scott ★★★★★ Although I've not bought anything yet, they (Jason in particular) have been super helpful in my search for the right mortgage deal, whilst also giving an honest opinion during these difficult times. Would highly recommend.Sandra I. ★★★★★ Fantastic from start to finish! Natalia and Jason found me the best rate for my remortgage and they were extremely efficient! Best service I’ve ever received from a brokerage company. Thanks so much.Virmantas N. ★★★★★ Amazing service and great communication. Ellie Morgan had quickly completed all requests and over delivered all expectations.Highly recommended for those who want to get the stuff done without any delays!David W. ★★★★★ I have used ascot for 3 renewals since they done helped me with my purchase which was complicated and will continue to use them going forward. Very fair prices and very helpful and knowledgeable even with just general information.Adam B. ★★★★★ Natalia made life very easy for us when remortgaging. Third time using ascot always a breezeTaff G. ★★★★★ Ascot Mortgages have been brilliant. Easy to work with and incredibly helpful. I am always happy to recommend them. Natalia and Jason have made the whole process much easier than I was expecting. Excellent service.Daryl L. ★★★★★ We've had a fantastic experience with Natalia Barry and Jason Jones at Ascot Mortgages for our property purchases and refinancing. Their expertise, coupled with genuine care and understanding of our needs, made the process smooth and stress-free.They were consistently communicative, keeping us informed at every step. Their assistance in consolidating our protection cover was invaluable, simplifying what could have been a complex process.What set them apart was their personal touch – always polite and ready to pick up the phone for a chat. This level of personal engagement is rare and much appreciated.In short, Natalia and Jason are not just skilled professionals but also truly dedicated to their clients. We highly recommend their services to anyone in need of mortgage advice.Sarah A. ★★★★★ I have used this firm for several years and they have always been super helpful and supportive, attentive and resolved issues in really useful ways. Shout out to Alison, Ellie and Jardelle (and the team!)Georgia W. ★★★★★ We worked with Ellie to secure our mortgage and protection, and she was a dream! Being a first time buyer, I was quite clueless about the process, and in a time where mortgage rates have been quite high, she worked right til the end to make sure we were getting our mortgage at the best possible rate and was always available to answer all questions I had. Can't recommend enough 🙂Richard D. ★★★★★ Laura S. ★★★★★ As a first time buyer, trying to navigate through potential mortgages was a very daunting thought. Ascot Mortgages were recommended to me and I've been extremely happy with the service provided. They have guided me through every step and I finally have a mortgage. Very pleased and would recommend.Lucy B. ★★★★★ Having Phil as my mortgage advisor was great from the very start! He is down to earth and speaking to him was always a pleasure. The kindness, compassion and support I have been given all the way through what can be a stressful process was immeasurable. Phil and Jardelle worked as a solid team and was able to make me feel at ease all the way through buying my first home. The team were always available and the communication between everyone was always clear and I felt safe in the hands of the company as a whole. Thank you for helping me buy my first home!Flora R. ★★★★★ I worked with Richard (Protection Adviser) for a couple of days to sort out life and critical illness insurance. Absolutely brilliant, he found me and my husband the perfect policy. Very knowledgeable and easy to get on, he definetely makes things easy to understand. Thank you for the great service provided.Matthew R. ★★★★★ I've dealt with Phil at Ascot Mortgages for a while now and Phil always comes back back to me with the right plan.Keep the good work up!rafal W. ★★★★★ I would thoroughly recommend Phil Greenwood at Ascot Mortgages ltd to anyone looking to seek advice on purchasing a home.Phil was absolutely fantastic. He made the process very smooth and easy and was always there to answer any questions I had.Shahid L. ★★★★★ This company has been truly amazing in constantly giving me the support and help i need for my mortgage and for their continuous work ethic guiding customers like myself and educating them into making the best possible decisions. My special mention goes to Phil Greenwood who deserves every single credit for his brilliant work and communication skills. The more I got to work with Phil, the more he gained my respect as he is a hugely likeable man and possibly the best mortgage advisor yet. Even after I finished my time with Ascot Mortgages, I will never lose my trust in the company and I hope they exceed their business and gain even more success and popularity.Best wishes,Shahid Latif and familyPretty L. ★★★★★ Phil helped me renew my mortgage. He was great at keeping me updated with any rate changes and secured a lower rate than at the time my mortgage went through. Thank you Ascot for your supportjs_loader

Written by:

Alison Gibson

Ascot Mortgage Expert

Last Updated:

14.02.2024

Written by:

Alison Gibson

Ascot Mortgage Expert

Last Updated:

14.02.2024

What is a fixed rate mortgage?

Is your fixed rate deal ending? You can lock in a new fixed rate mortgage in advance to avoid any uncertainty. As a shrewd homeowner, you probably shopped around to get the best fixed-rate deal that you could find when you either bought your home or renewed your mortgage. You will, no doubt, have benefited from the stability and security that a fixed term mortgage has provided and the ease of budgeting that comes with it. However what happens when your fixed term deal is about to come to an end?

Ascot Mortgages, market leaders, can guide you through the options to make sure that you can benefit from another cost effective mortgage arrangement. Ascot Mortgages offer a free initial consultation, creating a bespoke mortgage deal for you, saving you money and time in the process! Please contact us for a free initial chat about how we can arrange your next fixed rate mortgage for you.

When your fixed rate mortgage deal is coming to an end?

When a fixed term mortgage ends many homeowners find that they are once again thrown into the mortgage market, perhaps a few years after they last had to negotiate the many options available to them. Ascot Mortgages are the best people to call in this situation because of their knowledge of the market, which means that they can look through the various options for you. Often when a fixed term deal ends you would automatically revert to your lender’s Standard Variable Rate (SVR). Although re-arranging your mortgage deal may be the last thing on your mind as you get on with your busy life it really is worth contacting Ascot Mortgages to shop around for you, as the SVR is often not the most competitive rate. In addition, if you fail to keep an eye on your mortgage, you can often switch over to the SVR at the end of the fixed period without even realising how expensive it is likely to be. This is particularly problematic if you have enjoyed a fixed rate deal that has allowed you to budget and has been relatively affordable; therefore a rapid transition to the SVR may be an unwelcome change.

Mortgage Repayment Calculator

Finding the cheapest fixed rate mortgage

Ascot Mortgages can utilise their market knowledge to find you an equally competitive deal as the one that you had previously had, meaning that you continue to benefit from the advantages of a fixed rate mortgage. These advantages include an affordable monthly amount, that is easy to budget for, and the opportunity to fix the mortgage deal for up to five years, ensuring stability and security for you. Up to 75 percent of homeowners opt for a fixed rate mortgage and just because you have already benefited from one does not mean that you should not be able to take advantage of one again. Switching back to a fixed rate deal, as opposed to the generic SVR, means that you have continued stability and are locked into an offer that you know is not going to be affected by changes in the economic climate, which is especially prudent at the moment. In addition, by using the expertise of Ascot Mortgages, you could find that you end up on a more cost effective fixed rate deal than you were previously on!

Finding your next fixed rate mortgage after your current one ends

The end of you fixed rate deal does not have to mean a rapid inflation in your monthly mortgage repayments as you move on the lender’s SVR. By taking advantage of Ascot Mortgage’s free initial consultation, you can continue to enjoy the stability and security that a fixed monthly amount provides and ensure that you can continue to enjoy your hard-earned home without worrying about how much your mortgage will cost you.

Apply for a Mortgage

Get things moving, apply for a mortgage.

Call Now - 01925 711 558

Free unbiased mortgage advice is just a phone call away.

FAQ

Yes, the LTV ratio available for fixed-rate mortgages can vary by lender and the specific mortgage product. Typically, a lower LTV ratio means you have a larger deposit or more equity in the property, which can often secure a more favourable interest rate. Always check with individual lenders for their specific LTV criteria.

Fixed-rate mortgage rates are influenced by several factors:

  • The Bank of England base rate and expected future changes to it.
  • The cost for lenders to borrow money, known as ‘swap rates’.
  • Lenders’ business objectives and competitive positioning in the market.
  • The perceived risk associated with the loan, including the LTV ratio.

A longer-term fixed-rate mortgage provides:

  • Certainty: Your monthly repayments remain constant, making budgeting easier.
  • Protection: You’re shielded from potential interest rate rises for the duration of the fixed term.
  • Peace of mind: You have the security of knowing your rate won’t change for a set period, regardless of external economic factors.

Yes, some potential disadvantages include:

  • Less flexibility: Fixed-rate mortgages may have higher early repayment charges if you decide to remortgage or pay off a large chunk before the end of the fixed term.
  • Potential missed savings: If variable rates drop below your fixed rate, you won’t benefit from the decrease.
  • End of fixed period: Once the fixed term ends, your mortgage usually reverts to the lender’s standard variable rate, which could be higher.

Yes, you can often remortgage from a variable rate to a fixed rate. This might be a good idea if you expect interest rates to rise in the future. However, always consider any early repayment charges or fees associated with your existing mortgage before making a switch.

Meet Our Team

Contact Us

*Privacy Notice - Any information provided will be treated with confidentiality and will only be accessible within Ascot Mortgages