Long-term fixed mortgage loans may become more popular as borrowers look to secure their borrowing rates, suggest figures from Moneyfacts.
Moneyfacts highlights the loans fixing for the long-term and which are currently on the market, which they say do offer fairly competitive fixed rates. Best rates come from HSBC, Derbyshire Building Society and Yorkshire Building Society all offering 5.89% fixed for ten, ten and fifteen years respectively. Leeds and Holbeck and Marsden Building Society, Newcastle Building Society and Woolwich are offering 5.99% for ten years each. Abbey is offering 6.09% for 15 years and Cheshire Building Society 6.15% for 25 years. On a £100,000 repayment mortgage over 25 years, monthly premium ...
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