5 year fixed rate remortgage rates

For many people, fixing their remortgage deal for five years is a way of ensuring that they can budget effectively, as they will know exactly how much their repayments will be for half a decade. While 10-year mortgages are becoming more popular, the five-year option is still a good trade-off between stability and not being locked into a higher rate for too long, as you will still pay no more than what you’ve agreed over the five-year fixed period. What constitutes the best five-year remortgage for your needs will come down to several factors, but we’ve made it easier to find the right deal for you.

Finding the best five-year fixed rate remortgage deal couldn’t be simpler: just select the type of mortgage you want, the term, how much you’d like to borrow and the current value of the property to be remortgaged and we’ll find you the best deals. At the top of the results are the providers who allow you to go straight to their site and apply without any further ado. These are followed by the other available deals, with the lowest rates at the top and higher rates further down.

Choosing a new remortgage deal isn’t as simple as just opting for the cheapest rate. All mortgages can charge a range of additional fees and offer differing benefits, so it’s important to consider any deal in its entirety before you make your decision. For example, a mortgage deal with a low fixed interest rate might have high products fees you must pay upfront, while another might have a slightly higher rate but offers free valuation and legal fees, which could save you quite a sum. Others can offer cashback or additional incentives, so choose carefully and make sure you’ve looked at all the options before deciding.

Mortgage brokers remove a lot of the paperwork and hassle of getting a mortgage, as well as helping you access exclusive products and rates that aren’t available to the public. Mortgage brokers are regulated by the Financial Conduct Authority (FCA) and are required to pass specific qualifications before they can give you advice.

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