Compare 4 Year Fixed Rate Mortgages

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  • Marsden BS's logo'

    Marsden BS 4 Year Fixed

    • Bad Credit
    • Initial Rate
      3.99% Fixed to 31/10/2025
    • APRC
    • Product Fee
    • Monthly Repayment
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Your home may be repossessed if you do not keep up repayments on your mortgage.

The mortgage data above was supplied by Moneyfacts Group Plc and is updated at the time of mortgage search. The figures and data provided in our tables are for illustration purposes only. While we make every effort to ensure the accuracy of this data you should always confirm the terms on offer with the provider/broker. We do not give any financial advice.

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Last updated on 01 February 2021.

4 Year Fixed-Rate Mortgages FAQ

What is a four-year fixed-rate mortgage?

Fixed-rate mortgages allow borrowers to lock in rates of interest on their loans for a fixed period of time. In the case of a four-year fixed-rate mortgage, that period of time is four years. The monthly payments will remain constant even if market interest rates fluctuate.

Are four year fixed-rate mortgages suitable for first-time buyers?

If you’re new to the housing market, four year fixed-rate mortgages can help you to lock in a low rate of interest for a period of time. First-time buyers, like anyone on the housing ladder, can benefit from a fixed-rate mortgage that gives them a predictable monthly payment. Whether or not a particular four year fixed-rate deal is suitable for first-time buyers depends on the specific terms and conditions and the first-time buyers’ financial position. As with any mortgage products, you will need to research and consider your own finances carefully before committing.

What’s the maximum term on a fixed-rate mortgage?

Fixed-rate mortgages rarely have terms longer than 10 years. The longer the term on a fixed-rate mortgage, the higher the interest will be. This is because the lender is taking on a greater risk by locking in a specific rate of interest over a longer period of time, during which the chance of market rates increasing is higher than it would be over a shorter term.

Is a fixed-rate mortgage better than a variable rate mortgage?

Variable rate mortgages mean that the value of your monthly repayments on a mortgage can go up as well as down. They will tend to rise or fall in line with the Bank of England base rate. Variable rate mortgages have the advantage that your monthly repayments can go down, but of course, they can also go up.

Which is ‘better’ is a matter for you to decide based on your own financial position, attitude to risk, and how much value you place on predictability of outgoings.

What happens at the end of a four-year fixed-rate mortgage?

Unless you make preparations to arrange another fixed rate deal, your provider will automatically move you onto a standard variable rate (SVR) mortgage. As SVRs serve as an effective “default” rate, any borrower who transitions to paying on an SVR will find their mortgage repayments will fluctuate.

Can I move house on a four year fixed-rate mortgage?

It should be possible to move house on a four year fixed-rate mortgage, but you need to make sure you have what is termed a portable mortgage. Fortunately, most mortgages have this facility in-built from the beginning.

What other costs are involved in a fixed rate mortgage?

While interest is an important aspect of a fixed-rate mortgage, you need to consider other costs such as arrangement, booking and setup fees. Remortgaging is a common option for some borrowers, so if you keep doing this every so often, costs will mount up so take the time to understand the full cost of your mortgage before signing anything.