Many homebuyers opt for Adjustable Rate Mortgages because they offer a low-interest rate and monthly payment. That's because they meet the needs of homeowners well, and here's why: Most borrowers stay in their homes just five to seven years, making ARM loans an attractive option for prospective homeowners planning to move or relocate in the future.
Bank of England Mortgage's adjustable rate mortgages offer an excellent option for many homebuyers - a lower rate than traditional fixed-rate mortgages offer and the stability of longer-term fixed-rate mortgages. Prospective buyers can take advantage of the security of a fixed monthly payment over much longer terms than typical rental leases.