Compare today's best fixed rate mortgage deals from just 4.24%

If you currently have a tracker mortgage and you’re worried about rising interest rates, switching to a fixed rate mortgage can give you certainty in the coming years. If you’re risk averse and fixed payments will help you sleep at night, a fixed-rate mortgage may suit you well. However, if rates go down, you could end up with a higher interest rate than what’s currently available. It’s always best to speak to an expert about your options to help you make the right decision for you.

Mortgage rates are expected to come down over 2024, although this may take longer than had previously been hoped. It is never guaranteed that rates will fall as forecast, which is why it's worth getting expert advice from a mortgage broker when deciding on what mortgage deal to go for, and how long to fix your mortgage.

Once you find a mortgage rate that is affordable for your budget, lock in the rate as soon as possible. There is no way to know for certain whether mortgage rates will go up or down in the weeks or even months it sometimes takes to approve your mortgage or remortgage. If you are coming to the end of a fixed-rate deal, you can lock in a rate up to 6 months before your current deal ends. Haven't found a rate yet? Create a free Tembo recommendation for the best, personalised rates from our panel of over 100 lenders.

With a long-term fixed rate mortgage, you can borrow up to £1 million to purchase a property, but the amount you will be offered will also be impacted by your household income and deposit size.

There are various ways you can increase your affordability, from improving your credit score to cutting back spending. If you have family who would like to help, they could also become a guarantor to increase your borrowing potential, or reduce the amount you need to borrow by gifting or lending you money to increase your equity stake. Talking to affordability experts like Tembo can help you identify the best areas to work on to improve your affordability.

In 2024, 2023 and 2022 we were voted the UK’s Best Mortgage Broker by our customers at the British Bank Awards. We specialise in helping buyers, movers and remortgages boost their affordability. Thousands have already used Tembo to discover how they could afford their dream home. Our smart decisioning tech and mortgage experts will find the best way to boost your budget from over 100 mortgage lenders, including high street banks and innovative first time buyer schemes. So you can get a solution in an instant, plus benefit from our expert advice and access some of the best rates available.

We work with over 100 lenders and schemes, giving us access to thousands of mortgage products.