Product focus: Five year fixed rate mortgages - Mortgages - News - Moneyfacts


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 It is now over 6 months old so the content may be out of date.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 Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Goodbye to the Help to Buy Guarantee

On 31 December, phase two of the Help to Buy initiative will be withdrawn from the market. It’s certainly done wonders for the high loan-to-value sector, so we thought we’d take a closer look at the significance of the scheme and the effect it’s had.

Remortgaging bounces back

Remortgaging has been enjoying a welcome boost in recent months, despite September’s slight dip, with many homeowners capitalising on record low mortgage rates to boost their finances.

Bank of Mum and Dad holds the (house) key

The Bank of Mum and Dad is an important source of finance for many young adults, and it seems that they still hold the key – in more ways than one.