10 Year Fixed mortgage products are on the rise

Published 2 November 2018 · Last reviewed 1 May 2026

Is it time to start looking at 10 Year Fix mortgage options

Lock your mortgage payments into a long-term fixed rate

It’s fair to say there currently economic uncertainty in the UK so why not cement your mortgage on a long term fix, say for ten years. Mortgage bills are usually one of the main household expenses so it’ll be one less thing to think about.

A rationale statement but rate switching is part of the UK culture now; mobile phones, utilities, tv packages and mortgages. And, as a Nation and we generally find it hard plan ahead for the long term so why would you ever consider a 10 year fixed?

Despite this I have however heard from Mortgage Lenders that this sentiment is softening due to fear rates are expected to rise plus product innovation has meant some Mortgage Lenders are not holding you to staying in the same property for 10 years.

As a Mortgage Broker I’m well placed to describe the mortgage product innovations which are indeed helpful.

Early Repayment Charges

Historically, fixed rates have attracted exit charges for at least the duration of the fixed period. However there are now a current breed of 10 year fixed rates that only penalise you if you repay the mortgage in the first 5 years.

Portable

This facility on some mortgage products allows you to transfer the outstanding mortgage balance on the ten year fix to a new property. If the mortgage is a residential it must be transferred to another property you intent to live in. Likewise, if a buy-to-let to another let property.

Examples on Ten Year Fixed Rate Mortgages

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Most buy-to-let mortgages are not regulated by the Financial Conduct Authority. A small number of buy-to-let mortgages are FCA-regulated — typically Consumer Buy-to-Let (where the borrower is not acting in the course of a business, such as an accidental landlord who has inherited or moved out of a former main residence) and Family Buy-to-Let (where the property is let to an immediate family member). Limited-company buy-to-let, portfolio buy-to-let and standard personal-name buy-to-let are not regulated by the FCA.

Where the underlying mortgage is not FCA-regulated, the lender's conduct on that loan is not covered by FCA rules and you may have reduced access to the Financial Ombudsman Service for complaints about the lending decision or product terms. However, Niche Advice Limited is a Credit Broker authorised and regulated by the Financial Conduct Authority (FCA No: 750263), and our broking activity — including the introduction we make to the lender — IS FCA-regulated under the FCA's CONC rules. Complaints about our broking service can therefore be referred to the Financial Ombudsman Service in the usual way.