A fixed-rate remortgage is a loan whereby the remortgage rate is fixed at a set level of interest. Fixed-rate remortgages can run for two, three, five, ten or even twenty-five years.

During the fixed-rate period, however many times the Bank of England changes interest rates, the rate of repayment on the remortgage will remain the same. When the fixed-rate remortgage comes to an end, the borrower will automatically pay the lender’s standard variable rate, if they have not remortgaged again.

Fixed-rate remortgages have advantages and disadvantages. For instance, if interest rates climb, the borrower who has remortgages to a fixed-rate deal will be protected. But, if interest rates fall, the borrower will not be able to take advantage of falling rates.



House Price





Min (5% of house price)£2,500


Max (30% of house price)£15,000

Interest Rate





Min25 Years

30 Years

Max35 Years

This calculator is provided to give you basic guidance only. This information is computer-generated and relies on certain assumptions. It has only been designed to give a useful general indication of costs. Its important you always get a specific quote from the lender and double-check the price yourself before acting on the information. We cannot accept responsibility for any errorsand recommend that you obtain exact figures from a specific lender before committing to any mortgage.

Mortgage Calculation

Your deposit£2,5005%
Your mortgage£47,50095%
Monthly Payment£213.30 

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