Mortgages Uncovered

Mortgage Advice

Five year fixes are back

March 24th, 2009 by Yas

Finally, the 5 year fixed rate mortgage is coming back onto the market, as the base rate is estimated at rock bottom for a while longer by banks and building societies.

HSBC are offering a great 3.99% for a 5 year fixed period for borrowers with a 40% or over deposit. There is a £999 fee over five years.

Abbey is offering the most competitive 5 year fix at 3.95% and a £995 fee for people with a 40% deposit.

People who wish to borrow but have a smaller deposit are still able to fix for five years because The Post Office is now offering a 4.15% fix to people with a 25%deposit and 6.01% for those with 10%. For both the fee is £599.

5 years maybe too long for some and HSBC are offering 2 year fixes for below 3% for people with a higher deposit. The deal is 2.98% for 2 years for anyone needing 60% of their property’s worth.

First Direct are now offering 75% of the cost of their home at 2.99% with a £898 arrangement fee.

Those needing up 90% can fix for two years at 5.99% with Yorkshire Bank for a £599 fee.

More mortgage information:
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This entry was posted on Tuesday, March 24th, 2009 at 6:42 am and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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