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.

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

Results:1 providers expertly compared:

Lending Expert


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


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

60% - 100%

Initial Rate
1.19% - 4.32%

Standard Rate (SVR)
3.94% - 4.79%


Variable & 3 ,5 & 10 Fixed Rate

Rated 4.9/ 5

All credit types

The mortgage experts at First Choice Finance 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.