Current Mortgage Loan RatesActual mortgage interest rates
Loans with a value of up to 60% - interest 2.99%. After the expiration of the lock-up time, the interest return to our usual floating interest rates for the remainder of the time. 4.74% currently, this ratio is under review by the Board of Directors as an integrated part of ongoing discussions on plans, budgets and products.
Please use our mortgage calculation tool to receive your personal, non-binding offer. You can overpay this mortgage at any moment up to a limit of 10% of the amount due per year without incurring any fees or penalties. You can repossess your home if you do not maintain your mortgage payments.
Valuing a mortgage
Mortgage - With a fixed-rate mortgage, you receive a constant interest for the duration of the loan (known as the term). This means that the interest will never move, even if you are going to listen a great deal about the interest rates that move in the finance world. So long as you approve a straight fixed-rate loan, you can be sure that you will pay the same interest until you either resell or remortgage. Your interest rates will be the same until you do.
Trackers Ratio Mortgage - A trackers ratio mortgage can adjust the interest rates on a periodic basis using what the specified interest rates from the British Central bank are. Currently, this installment is close to zero, so tracker-rate mortgage rates are offering very low prices. If interest rates should go up in the foreseeable future, however, the interest rates for your mortgage payments and thus the montly payments would go up.
If you have a fixed-rate mortgage, you know what your monthly payments are until the end of the year. For many, predictibility is valuable for the higher rates. Say that because Trackers Rates mortgage usually offers a lower interest rates than a fix interest mortgage. Thats because the bench offers you a secure thing with a mortgage at a set interest while with a tracker-rate mortgage, they will be able to raise the rates down the street along with the benchmarks.
This seems too good to be the case, but you are taking substantially the same risks on the other hand in terms of interest rates going up. For example, anyone taking out a trackers mortgage now should expect the lower starting interest rates with the appreciation that they will see an upward trend in the near-term.
And there are days when it really makes sence to take on the trackers mortgage even for those who are unwilling to take risks. As an example, if you know that you will be getting around anyway before the end of the mortgage period, why not take the lower interest and lower monthly mortgage repayments? This is why the stand-by function tends to stay the fixed-rate mortgage.