Chelsea BS new ten year fixed rate mortgage is a great deal if you're looking to fix your mortgage payments for the long term. Available to borrowers with a 25% deposit (75% loan-to-value), the rate of 4.94% secures a place amongst the best longer term fixed rate products in the market. There's a fee of £995 but the incentive of a free valuation and for remortgages free legal fees. Worthy of consideration, if you think you might not stay with the product for the long haul, is an early repayment charge of 8% of the sum repaid in the first two years. Even in the final two years of the deal, it only falls to 4%. However, the product's eye-catching rate still wins us over, earning four out of five Moneyfacts stars.
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