What is mortgage interest rate at the moment
Mar 9, 2020 Interest on variable interest rate loans move with market rates; interest on fixed rate loans will remain the same for that loan's entire term. The loan to value represents the percentage of the value of the property which you want to borrow. E.g. a £100K property with an £80K mortgage = an 80% LTV. A fixed rate mortgage provides you with an interest rate that stays the same from the moment you close on your mortgage to the day you pay off your loan