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

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 It is now over 6 months old so the content may be out of date.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 Any products featured may be withdrawn by their provider or changed at any time.

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