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Product focus: Two year fixed rate mortgages

Product focus: Two year fixed rate mortgages

Category: Mortgages

Updated: 19/01/2011
First Published: 19/01/2011

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 It is now over 6 months old so the content may be out of date.

A large number of smaller lenders offer good mortgage deals, however many borrowers prefer the familiarity of well-known high street names.

Here is a selection of some of the best two year fixed mortgages offered by some of the larger lenders.

Santander

This deal offers borrowers a rate of:

  • 2.65% until 02.03.2013.
  • The maximum loan to value is 60% and a fee of £1,995 is payable.
  • No incentives are offered, although there is the option to make overpayment of up to 10% of the outstanding balance.
Royal Bank of Scotland

This product offers:

  • 2.95% to 30.04.2013.
  • The product has a maximum loan to value of 50% and customers can borrow a minimum of £25,000.
  • A fee of £699 is payable.
  • Incentives of a free valuation, free valuation administration fees and free legal fees are offered to remortgage customers.
  • There is also the flexibility to make overpayments of up to 10% of the outstanding balance.

Northern Rock

Northern Rock's two year fixed deal offers a rate of:

  • 2.98% to 01.04.2013.
  • The maximum loan to value is 70% and borrowers must pay a fee of £995.
  • No incentives are offered, although there is the option to make overpayments of up to 10% of the outstanding balance.

Find the best mortgage rate - Compare best selling 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 Any products featured may be withdrawn by their provider or changed at any time.

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