Niche Advice and Woolwich for Intermediaries offers Uk’s Cheapest 10 year fixed mortgage at 2.99%
From tomorrow 07/01/2015 we are introducing the UK’s lowest ever 10 year fixed rate mortgage at 2.99% for residential loans up to 60% LTV. The follow-on rate is Woolwichs’s base rate plus 1.99% and the product has a fee of £999. This deal is fantastic and is targeting clients who are currently sitting on lenders Standard Variable rates, typically around 4 to 5%.
I have to say in all my time in mortgages this is probably the best long-term fixed mortgage product that I have seen and if you are in a position that you know what you will be doing long-term this is certainly a mortgage product that you should consider.
In the last few months we have seen long-term fixed rate mortgages with even five-year fixed rates now commonly below 3% mark which is fantastic for clients. It’s no big secret that interest rates are likely to go up after the election and these fixed rate products can help applicants manage their finances in years to come.
Please note that generally all fixed rate mortgages come with an early repayment penalty charge to break the contract before the fixed rate term runs out – so is essential you seek professional advice about your plans.
For full information on our range of fixed rate mortgages please contact Niche Advice on T : 020 7993 2044 or alternatively complete the enquiry form on this page.
Author: Payam Azadi
Payam Azadi is a partner at Niche Advice who are whole of the market Independent Mortgage Brokers. His role is very much focused on Property financing both on residential and commercial lines.