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


Product focus: Two year fixed rate mortgages

Product focus: Two year fixed rate mortgages

Category: Mortgages

Updated: 26/01/2011
First Published: 25/01/2011

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 It is now over 6 months old so the content may be out of date.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 mortgage products that offer borrowers a maximum loan-to-value of 85% has increased steadily over recent months and currently stands at 480, compared to last January's figure of 260. Here is a selection of some of the best two year fixed rate deals which allow customers to borrow up to 85% of the property value.

Norwich & Peterborough Building Society

The two year fixed deal from Norwich & Peterborough Building Society offers a rate of:

  • 3.89% for 2 years.
  • The maximum loan-to-value is 85% and customers can borrow a minimum of £20,000.
  • A fee of 995 is payable.
  • No incentives are offered, although the product has a range of flexible features including the option to make overpayments, underpayments and to take payment holidays.

Principality Building Society

This two year fixed deal offers borrowers in England and Wales a rare of:

  • 3.99% to 31.3.2013.
  • A maximum loan-to-value of 85% is offered.
  • Advances range between £5,000 and £250,000 for first, second time and remortgage borrowers.
  • An arrangement fee of £999 is payable. No incentives or flexible features are offered with this product.
Post Office
The Post Office's two year fixed deal offers:
  • 4.25% to 31.1.2013.
  • The maximum loan-to-value is 85% and customers can borrow a minimum advance of £25,001.
  • A fee of £995 is payable.
  • All borrowers also have the option to make overpayments of up to 10% of the outstanding balance.

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 Any products featured may be withdrawn by their provider or changed at any time.

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