Fixed rate remortgage
The borrower is locked into a rate for a set period of time and at the end of
the period the borrower reverts to the lender's prevailing variable rate.
Fixed rate remortgage
This fixed rate remortgage scheme allows the borrower the budget
certainty for the period of time. There is often an
arrangement fee and there may be early repayment charges if the loan is repaid
in full or part during the fixed period.
A fixed rate remortgage (FRM) is a remortgage loan where the interest
rate on the note remains the same through the term of the loan, as opposed to
loans where the interest rate may adjust or "float." Payment remortgage, for
example, can have a fixed rate for the term of the loan followed by the ending
balloon payment. For a remortgage enquiry please contact
Details supplied here will be strictly confidential!
| 
