Top 3 ten-year fixed rate mortgages - Mortgages - News - Moneyfacts

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 It is now over 6 months old so the content may be out of date.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

See best buys

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

See best buys

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

See best buys

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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