Advertisement:
Mortgage repayment calculatorWork out how much your mortgage repayments will be.
Is it me but doesn’t it seem like we’ve been here before? The Greek crisis seems to have been dragging on longer than the Trojan War. It has been vacillating from spikes of on-the-brink debt refinancing, to periods where it has been seemingly out of the news altogether. But this time things appear different, more...
A greater period of repayment security can be gained by opting for a longer term fixed rate. As well as security, with a longer term fixed rate you do not need to search for a new mortgage every couple of years, as you might do with a shorter term fixed mortgage.
The risk with a longer term fixed rate is that if rates drop, you could end up paying over the odds. In this situation you may decide you want to change your mortgage before completing the initial fixed rate term to save money. If you do, your bank or building society may charge you a fee that lenders call an early repayment charge. It is wise to bear these charges in mind when you are deciding which longer term fixed rate mortgage to take, as they might be very expensive, particularly in the early years.
When you look at our best buys, you will see that we have selected the best 5 - 10 Year fixed rate mortgage products from across different loan-to-value tiers in order to give a wide overview of what’s available.
However, if you can’t find a product that’s right for you don’t worry – you can use our quick and easy mortgage search to access a more comprehensive list of mortgages.