In recent days, swap rates have seen a significant increase. If this rise in rates continues, we are likely to see a number of providers passing this increase on through higher fixed rate mortgage rates. Here are some of the best deals at the moment:
Two Year Fixed Rate
first direct is currently offering the lowest fixed rate on the market, charging borrowers 2.99 per cent for two years. The deal is available up to 75 per cent LTV on advances of between £30,000 and £400,000 and will be subject to a £499 booking fee and a £999 arrangement fee.
Three Year Fixed Rate
Chelsea Building Society is offering the lowest rate over three years, charging 3.84 per cent until 30 June 2012. The deals is available on advances of between £60,000 and £500,000 and is available up to 65 per cent LTV. Borrowers will also be required to pay a £995 arrangement fee.P>
Five Year Fixed
Yorkshire Bank and Clydesdale Bank are offering customers a fixed rate mortgage of 4.99% to 31 August 2014. The deal is available up to 80 per cent LTV on advances over £25,000. First time buyers and second time buyers will be required to pay a £999 arrangement fee, but this is waived for remortgagers .
Ten Year Fixed
Customers looking to fix their rate for ten years can get a rate of 4.99 per cent from Abbey until 2 September 2019. The deal is available on advances of between £6,000 and £250,000 up to 75 per cent LTV and borrowers will be required to pay a £995 arrangement fee.
The best deal for customers with just a 10 per cent deposit is from Britannia Building Society, which is offering borrowers a rate of 5.09 per cent. The deal is available of advances of between £5,000 and £500,000 and is subject to a £599 arrangement fee.
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 Any products featured may be withdrawn by their provider or changed at any time.
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