Set your interest rate in advance with a Forward Mortgage
AThe Forward Mortgage is a fixed-rate mortgage which that allows you to set the interest rate up to 12 months in advance. If you are expecting interest rates to rise, you can hedge against future increases with the a Forward Mortgage and benefit from more reliable expenditure planning.
|Interest rate||Fixed mortgage interest throughout the entire term|
|Term||2 – 10 years|
|Interest rate risk||Only at maturity|
|Conclusion||Up to 12 months in advance (longer advance periods available on request)|
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