Any 25 Year Fixed deals about?

chipperhead

I'm currently on a + 0.17% tracker for term with C&G so all is good at the moment.
However give it 12 - 18 months and I personally think base rate will rising substantially so I'm just doing some long term planning.
I can say with almost certainty I won't be moving house for many years so I'm thinking in the next few months to start looking at a 25 year fixed deal, but I'm struggling to find any at all.
I thought the banks would be looking for long term guaranteed income so they would be offering these deals?

latecomer

I saw some 10year deals at around 6% when I was looking the other day but didn't see anything longer. I'm sure someone will do one but I wouldn't bet on getting a great rate as I think the banks are wanting to hedge their bets too.

TheGreatBear

im pretty sure manchester building society used to sell them, through L&C, but it would be worth talking to them (dont worry i dont work for them!!!) to see if it still exists

Cidersid

there are quite a few 10year deals at 4.99%, C&G are doing it for eg.

if you look on www.moneysupermarket.com there are a few doing 25year fix deals at 7% i think, i too think the interest rate will rise considerably in a year or 2's time and seriously looking at a long term deal.

If you can afford it 7% isn't that bad a rate and of course there's the secuirity matter

Spangled

Kent Reliance do one at 5.98%: http://www.krbs.com/25yrfix75.aspx

Wutang_2

Cidersid wrote: »

there are quite a few 10year deals at 4.99%, C&G are doing it for eg.

if you look on www.moneysupermarket.com there are a few doing 25year fix deals at 7% i think, i too think the interest rate will rise considerably in a year or 2's time and seriously looking at a long term deal.

If you can afford it 7% isn't that bad a rate and of course there's the secuirity matter

Oh god - are people still using moneysupermarket??

GGGG

Just checked on our sourcing system- there are currently no 25yr Fixed products; however, this may change in the near future. I understand your logic in thinking of a long-term fix, but you should be aware of the consequences should your circumstances change. You are very likely to have to pay hefty Early Repayment Charges if you're tied in...
Your existing +0.17% tracker is an excellent situation to be in at present; lots of folk would be very happy in your position!
Personally, I'd either overpay the current mortgage or save the equivalent elsewhere, thereby being in the position of having good options/choices as the market changes over the next few months (i.e., you could pay a chunk off your mortgage, thereby reducing the LTV & ensuring you qualify for better rates)

housesitter

Co Op are another one. The Kent one look pretty cheap.
From what I saw, they have similar tie ins to the 10year fixed ie: penalty before 10th year is up.

I'm tempted but think 10year is long enough. But at 5.89%, if they come down much futher it's worth a serious think.

Hillfly

Natwest have soem good 10 year deals - even better if your an existing customer:
http://www.natwest.com/personal/mortgages/g3/fixed-rate.ashx#tabs=2

housesitter

Yeah, the ten year is for those people with:

Exclusive to: Private, Business and Advantage Gold customers

So fairly exclusive. I bank with NW and actually the 5year isn't bad. Can't see why they are limiting the 10yr to those customers, I'd certainly be interested else going elsewhere. I have told them that too.

gizmo111

How long to you have to retain an advantage gold account for after you have taken out the mortgage?