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Product focus: Five year fixed rate mortgages

Product focus: Five year fixed rate mortgages

Category: Mortgages

Updated: 17/12/2012
First Published: 14/04/2011

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

The Bank of England base rate has remained at an all-time low for 25 months, although there has been growing speculation that it will increase in the very near future. Borrowers on a variable rate mortgage, who have been enjoying low rates lately, may want to review their options and consider a fixed rate deal to avoid their monthly repayments increasing each time base rate moves.

Here is a selection of some of the five year fixed rate mortgages offered by well-known high street lenders.

first direct

  • This deal from first direct offers a rate of 4.35% for 5 years.
  • The maximum loan-to-value is 65%.
  • Customers can borrow between £10,000 and £1 million and an arrangement fee of £999 is payable.
  • Free legal fees are offered to remortgage customers, while the option to make overpayments is available to all borrowers.

Nationwide Building Society

  • Nationwide Building Society's five year fixed deal offers borrowers a rate of 4.59% for 5 years.
  • The product has a maximum loan-to-value of 70% and has borrowing limits of between £25,000 and £10 million.
  • A fee of £99 is payable.
  • Incentives of a free valuation and free legal fees are offered to remortgage customers.
  • Flexible features of overpayments and underpayments are also offered.


  • This account offers a rate of 4.59% to 31.7.16.
  • Customers can borrow up to 60% of the property value and there is a maximum advance of £500,000.
  • A fee of £199 is payable and free legal fees are available to remortgage customers.
Find the best mortgage for you - Compare fixed rate mortgages

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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