Fixed vs Variable Rate Mortgages in 2025: Which One Is Right for You?

By Hove Mortage Services | 30 January 2025

Choosing between a fixed or variable mortgage can impact your long-term financial stability. Here’s how they compare in 2025.

Fixed-Rate Mortgages

  • Pros: Stable monthly payments, protection from interest rate hikes.
  • Cons: Less flexibility, higher initial rates.
  • Best for: Those who prefer certainty in repayments.

Variable-Rate Mortgages

  • Pros: Lower initial rates, potential savings if rates drop.
  • Cons: Unpredictable payments, risk of rate increases.
  • Best for: Those comfortable with risk and potential fluctuations.

Which is best? If interest rates are low, a fixed rate may be ideal. If rates are expected to drop, a variable rate could save you money.

Posted in Hove Mortgage Blog