…5.29% 10yr fixed rate
Posted by admin on March 27th, 2008
Whilst short term mortgage deals are getting increasingly expensive as the financial liquidity crisis rumbles on, a suprising winner is the long-term fixed rate. Borrowers looking for a mortgage of 60% loan-to-value or less can now apply for a 10 year fixed rate mortgage at 5.29% with £995 arrangement fee (free valuation & free legal’s on remortgages).
In previous years the lowest the 10 year fixed rate mortgages came down too was 4.67% and they have been over 6% within the last 12 months. Furthermore, it’s commonly regarded that the neutral interest rate in our economy (that neither stimulates nor cools activity) is between 5% and 5.5%. So fixing for the long term at 5.29% looks like a very fair proposition.
No need to pay us a fee, unless you would like to receive the commission paid by the lender. more info
