Mortgage Market News
Mortgage Market News Five year fixed mortgage rate fall through the 3.5% barrier

Five year fixed mortgage rate fall through the 3.5% barrier

It seems after more than two years of Bank Rate being at the record low of 0.5pc, lenders are finally passing on savings to customers. Yorkshire Building Society has launched two new fixed rate mortgages – which both top the best buy tables. The five year fixed rate loan is the lowest ever for the time period charging just 3.49pc, with an arrangement fee of £995.

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This Month’s Top Fixed Rate

Fixed rate
Initial rate: 1.35%

Period: 2 years

Rate will revert to a variable rate, currently 4.99% thereafter
The overall cost for comparison is 4.46%

Get This Rate

This Month’s Top Variable Rate

Variable rate
Initial rate: 0.97%

Period: 2 years

Rate will revert to a variable rate, currently 4.99% thereafter
The overall cost for comparison is 4.37%

Get This Rate

Some of this month's top interest rates are listed above; the actual rate will depend on your circumstances. Please note that this information does not contain all the details you need to choose a mortgage, ask one of our advisers for a personalised key facts illustration on 020 7519 4900. The rate displayed may become out of date at short notice.

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