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The Mortgage Route A to Z
Fixed rate mortgage

This glossary or A to Z should help clear up any confusion as to what terms mean what in the mortgage and insurance industry

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Letter F

Fixed rate mortgage

A loan where the interest calculated on the debt is fixed for a given period of time and the rate payable will not change during that period regardless of changes in the lender's standard variable rate.

Fixed rates are of benefit to the borrower if variable rates go up and they are to the benefit of the lender if variable rates go down.

FSA declaration and important text about mortgage advice