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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: 22/03/2011

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 It is now over 6 months old so the content may be out of date.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 number of higher loan-to-value mortgage products has risen over the past year, which should please first-time buyers looking to step onto the property ladder. Here is a selection of some of the best five year fixed rate mortgages which allow customers to borrow up to 85% of the property value.

Coventry Building Society

  • This product offers a rate of 5.79% fixed to 31.3.16.
  • The maximum loan-to-value is 85% and an arrangement fee of £499 is payable.
  • There is also the incentive of a free valuation up to £670.
  • Borrowers can make overpayments if they wish, of up to 5% of the outstanding balance.
Skipton Building Society
  • This deal from Skipton Building Society offers a fixed rate of 5.89% to 31.5.16.
  • The maximum advance is £250,000.
  • An arrangement fee of £1,190 is payable.
  • There is also the option to make overpayments and take payment holidays.
  • The deal is also available to second time and remortgage customers, with a maximum advance of £1m.

Yorkshire Building Society

  • This product offers a rate of 5.99% fixed to 30.4.16.
  • Customers can borrow between £25,001 and £1m and the maximum loan-to-value is 85%.
  • The deal has no arrangement fee.
  • Borrowers can enjoy incentives of a free valuation, free legal fees and a £500 rebate on completion.
  • Flexible features of overpayments, underpayments and payment holidays are also offered.
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 Any products featured may be withdrawn by their provider or changed at any time.

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