Jason Bailey

Expertly compared by Jason Bailey

Products Updated May 10, 2018

3 Year Fixed Rate Mortgages

Our mortgage comparison tools have quickly identified and compared all the 3 year fixed rate mortgages from the whole market place. We’ve displayed all the deals so that you can compare the lenders side-by-side to see who is offering borrowers the best deals.

Free mortgage advice and brokerage service. Our experts can find you the perfect deal from thousands of products & exclusive deals:

Your home may be repossessed if you do not keep up repayments on your mortgage.

1 providers expertly compared:

Learn More
All credit types
Rated 4.9/ 5

Loans Warehouse Why?
Why?

This provider is our Expert’s Choice in its category as it won tops marks for the following.

  • TRUST
  • VALUE
  • EXPERTISE & KNOWLEDGE
  • CUSTOMER SERVICE

Learn more about how we review and assess the providers here on Lending Expert.

LTV
60% - 100%

Initial Rate
1.19% - 4.32%

Standard Rate (SVR)
3.94% - 4.79%

APRC
3.6%

Type
Variable & 3 ,5 & 10 Fixed Rate

The mortgage experts at Loans Warehouse can quickly assess your requirements and search the market place to find you the perfect mortgage deal. Click get a quote to make an enquiry today.

Read our customer and visitor reviews for this product:
Rating: 4 / 5 with 2 votes
Simple application process
by K Wheeler

Simple application process - broker was kind and offered advice.

Quick search
by James Hilton

This is a quick mortgage search facility and shows many lenders across the market. Impressed with the level of detail on each product.

Why choose a 3 year fixed rate mortgage?

3 yr fixed rate mortgage deals

3 yr fixed rate mortgage deals

When it comes to choosing a new mortgage you might have a number of priorities that you are looking for. One of these may be payment stability over a relatively short term, and so this is where a 3 year fixed rate mortgage will come into play.

Why should I choose a 3 year deal when I can get better rates on a 2 year deal?

If you think that there could be significant interest rate rises over the next few years, a 3 year deal will provide you with protection from those for longer than the two year deal. Therefore although you will be paying a slightly higher amount of interest over the time the 2 year deal runs, you could find that you are paying significantly less interest in the final year of your deal compared to someone who was on a 2 year deal.

Do a cost comparison

If you are not sure about how much you could potentially save by taking a 3 year fixed mortgage out, you can always get your mortgage broker to run some calculations for you. Even if interest rates didn’t rise over the next 3 years, there is still likely to be a saving over a 2 year fixed rate mortgage just from the different between the discounted rated and the standard variable rate in the third year of the mortgage.

What is the LTV of 3 year fixed rate deals?

In order to qualify for the most attractive deals with the lowest interest rates you will need between a 30% and 40% deposit. However if you don’t have this size of deposit there are still good deals available for people who have down to a 10% deposit. Obviously the bigger your deposit the better the deal you can get.

You will also find that if you do have a low LTV that the interest rates available for a 3 year fixed rate mortgage are very similar to those for 2 year fixed rate mortgages, which means that you would definitely save money over the fixed period of the mortgage compared to taking out a two year fixed rate. Even if you were to remortgage after a 2 year fixed deal to then go onto another fixed rate, there are fees involved and often to get the best interest rates, you pay the higher fees.


Lending Expert is a credit broker and comparison website, we're not a lender.

We bring together the very best financial providers and products from across the market place.

Warning: Late repayment can cause you serious money problems.
For help, go to moneyadviceservice.org.uk