Representative Example: £150,000 mortgage over 25 years initially at 2.59% fixed for 60 months reverting to 5.64% variable for term. 60 monthly payments of £679.74 and 240 monthly payments of £885.23. Total amount payable £254,438.60 includes loan amount, interest of £103,240, valuation fees of £0 and product fees of £999. The overall cost for comparison is 4.6% APRC representative.
Moneyfacts.co.uk Best Buys show the best products chosen by our independent experts.
Where we have been able to we have also provided a link for you to apply via Moneyfacts.co.uk today.
Products shown with a yellow background are sponsored products.
Credit will be secured by a mortgage on your property. YOUR HOME MAY BE REPOSSESSED IF
YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Written quotations are available from
individual lenders. Loans are subject to status and valuation and are not available to
persons under the age of 18. All rates are subject to change without notice. Please
check all rates and terms with your lender or financial adviser before undertaking
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.
Mortgage repayment calculatorWork out how much your mortgage repayments will be.
How much can I borrow calculator?Work out what your monthly mortgage payments are likely to be based on how much you want to borrow over the mortgage term.
Demand for housing has been surging ahead in recent years, as buyers look to take the plunge amid a ... More
We all know how rapidly house prices have risen in recent years, but some areas experience far great... More
Cash rebates were once a great way for providers to stand out in the highly competitive mortgage mar... More
The mortgage market has been plunged into a period of intense uncertainty, and while new figures fro... More
Many banks have taken advantage of the Funding for Lending scheme to fund their mortgage books in re... More
Find out how to choose the best estate agent in this guide. We look at practical ways to shortlist, ... More
Mortgage valuations shouldn’t be confused with a property survey. You should consider having a surve... More
What is your relationship with your mortgage? Are you repaying it off as quickly as you can – are yo... More
Yorkshire Building Society has reduced the rates on select mortgages. One of the deals to benefit fr... More
Yorkshire Building Society has reduced the rate on its five-year fixed mortgage by 0.17%, heightenin... More
HSBC has cut the rate on its ‘special’ two-year fixed mortgage by 0.17%, enabling it to push its way... More
West Brom Building Society has increased the rate on its three-year fixed mortgage by 0.05%; however... More
Nationwide Building Society has ensured that its two-year variable tracker mortgage stays ahead of i... More
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.