Property News · November 2, 2014

‘Extraordinary’ interest rates on 10-year fixed-rate mortgage deals


Is a decade too long to tie yourself into a mortgage? Just watch out for early repayment charges, brokers warnTen years … it that too long to tie yourself into a mortgage deal? Lenders don’t seem to think so and have started to launch decade-long fixed-rate deals with “extraordinary” interest rates of less than 4%.Last week the Nationwide building society announced a 10-year fixed-rate mortgage available to anyone with at least a 15% deposit to put down on their chosen property, or the equivalent equity in their home if they are remortgaging. Continue reading…

Source : theguardian.com
Read more…‘Extraordinary’ interest rates on 10-year fixed-rate mortgage deals

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