Product focus: Two year fixed rate mortgages - Mortgages - News | moneyfacts.co.uk

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Product focus: Two year fixed rate mortgages

Product focus: Two year fixed rate mortgages

Category: Mortgages

Updated: 19/09/2011
First Published: 16/09/2011

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 It is now over 6 months old so the content may be out of date.

Borrowers who prefer to have a set monthly repayment will be suited to a fixed rate mortgage. These deals offer the peace of mind of a set rate and repayment amount, even in the event of a base rate change. Here is a selection of some of the current top two year fixed rate mortgage products.

Santander

  • This two year product offers a rate of 2.35% to 2 November 2011.
  • The maximum loan-to-value is 60% and purchase and remortgage customers can borrow between £6,000 and £350,000.
  • A fee of £1,995 is payable.
  • The deal offers the flexibility to make overpayments of up to 10% of the outstanding balance can be made.

Chelsea Building Society

  • Chelsea Building Society's two year fixed deal pays 2.39% to 30 November 2013.
  • The maximum loan-to-value is 70% and the maximum advance for purchase and remortgage customers is £1 million.
  • A fee of £1,495 is payable.
  • Overpayments of up to 10% of the mortgage advance can be made.

Skipton Building Society

  • This deal offers purchase and remortgage borrowers a rate of 2.48% to 30 November 2013.
  • The maximum loan-to-value is 60% and a fee of £1,995 is payable.
  • Incentives of a free valuation and free legal fees are offered to remortgage borrowers, whilst the flexibility to make overpayments and take payment holidays is available to all customers.

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 Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Building societies winning the mortgage rate war

Competition is fierce in the mortgage market, and borrowers may assume that the rates from banks will be significantly lower than those elsewhere. However, things aren’t as they seem, as building societies are the winners of the mortgage rate war.

Homemover numbers fall for first time since 2011

The mortgage market enjoyed a record year in 2016, so it may come as a surprise to hear that the number of people moving home has fallen for the first time in five years, with fewer apparently taking advantage of the market.

2016: the best year for remortgaging since 2009

Remortgaging has certainly seen a surge in activity of late, helped in no small part by the dramatic drop in mortgage rates over the last year, so much so that 2016 as a whole proved to be the best year for the sector since 2009.
 
Close