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Top 3 ten-year fixed rate mortgages

Top 3 ten-year fixed rate mortgages

Category: Mortgages

Updated: 01/05/2013
First Published: 01/05/2013

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 It is now over 6 months old so the content may be out of date.

At a time of ongoing uncertainty in the mortgage and housing market, ten-year fixed rate mortgages can offer borrowers the reassurance of paying a set monthly amount over a long-term period.

Over the past year the number of ten-year mortgages in the market has increased, with thirteen products available today as opposed to two in April 2011.

Ten years is a long time, however, particularly in the world of finance, so it is always wise to think ahead to ensure a long-term mortgage is the best choice for you.

Here are the current top 3 ten-year mortgages:

YBS
Yorkshire
Building Society

3.99% fixed to 30.6.2023
  • Maximum loan-to-value of 75%
  • £130 arrangement administration fee
  • Advances between £25,001 and £5 million
  • Flexibility to make overpayments, underpayments and take payment holidays

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Penny saysPenny says…
"This newly launched deal from Yorkshire Building Society leads the way in the ten-year mortgage sector.

"As well as a highly competitive rate and low fee, this mortgage offers a number of flexible repayment options."

Leeds BS
Leeds Building Society

3.99% fixed to 30.6.2023
  • Maximum loan-to-value of 75%
  • £1,999 fee + 1.00% of advance
  • Minimum advance £5,000 for purchase borrowers and £25,001 for remortgage borrowers
  • Option to make overpayments up to 10% of outstanding balance

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Penny saysPenny says…
"Sitting in second place and matching the rate offered by Yorkshire BS, is this attractive deal available to borrowers with deposits of 25% and over.

"Despite charging a large fee, of which £199 must be paid upfront, this flexible mortgage still offers a good all-round package."

YBS
Yorkshire
Building Society

4.19% fixed to 30.6.2023
  • Maximum loan-to-value of 75%
  • £130 arrangement administration fee
  • Advances between £25,001 and £5 million
  • Flexibility to make overpayments, underpayments and take payment holidays

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Penny saysPenny says…
"With the exception of a slightly higher initial rate, this deal's features mirror that of its market-leading counterpart.

"Sitting proudly in third place, this product offers a competitive and flexible deal in the overall ten-year fixed-rate market."

Information & Rates correct as at: 01/05/2013

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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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