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.
Yorkshire Building Society
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Penny 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 Building Society
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Penny 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."
Penny 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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