Best 10 year mortgage
September 24th, 2007 | by admin |With the uncertainty surrounding the UK Housing Market and the mortgage industry, many are considering a 10 year fixed rate mortgage.
The current mortgage uncertainties over Northern Rock are unlikely to lead to short term rises in interest rates, however, it is difficult to predict where interest rates will be in the next decade.
The Britannia offer a 10 year fixed rate:
Option 1
6.09% Fixed for ten years, followed by our Standard Variable Rate, currently 7.45% variable for the rest of the mortgage. The overall cost for comparison is 6.7%APR. With full product fees.
- £399 Arrangement Fee and £100 Administration Fee.
- Higher Lending Charge Free up to 90% LTV
This compares to a 2 year fixed rate at
5.79% Fixed for two years, followed by our Standard Variable Rate, currently 7.45% variable for the rest of the mortgage. The overall cost for comparison is 7.4%APR. With full product fees.
- £399 Arrangement Fee and £100 Administration Fee.
- Higher Lending Charge Free up to 90% LTV
You can also find some mortgage quotes offering 10 year fixed rate deals here