Any good 10 year, or longer, fixed deals for 75% LTV?

car25

This is all new to me, we are looking at buying our first property. We are very risk averse, so would be looking for a long-term fixed deal. Anyone know of any good deals, and are there any downsides to fixing for so long (apart from of course if interest rates stay low!).

Any advice for a novice very much appreciated.

Thanks.

Hippychick

We are looking to fix for the same period as well and have just applied for a mortgage from abbey.

75% LTV fixed for 10 years at 4.99% it was the best deal we could find atm. The only other downside for fixing for so long is if you want to move/remortgage in that 10 years you will have to pay an early redemption penalty.

Good luck

Jacka87

There is a 10yr fix with rbs for 5.11% or something in that region. You need to be a royalties account holder (costs around £12pcm at the moment) however once you have been agreed I was told you can close the curent acount.

The benifit of this over the abbey is that it is definatly protable (though lenders can still try get out of it as they do) and the erc drops in stages after 5yrs then each yr after where as the abbey is constant meaning that you pay same erc after 1 yr as you do after say 9!

Also you can overpay upto 10% of capital each yr.

Its an option to consider, I am in same boat right now and trying to decide between the two and any others I can find.

opinions4u

Have a play with:

www.moneyfacts.co.uk

www.moneysupermarket.com/mortgages

Then you can see a wider view of the market.

75% LTV fixed for 10 years at 4.99% it was the best deal we could find atm. The only other downside for fixing for so long is if you want to move/remortgage in that 10 years you will have to pay an early redemption penalty.

If you were moving I thought you could port an Abbey mortgage?

http://www.abbey.com/csgs/Satellite?appID=abbey.internet.Abbeycom&c=Page&canal=CABBEYCOM&cid=1210610549753&empr=Abbeycom&leng=en_GB&pagename=Abbeycom%2FPage%2FWC_ACOM_TemplateB2#1210610552340

"Porting – you may be able to use your current Abbey mortgage deal for your new home "

Ark1210

I have just been accepted for that very mortgage and you can port if you move

dimbo61

Hi car 25,
Have you got a 25% deposit as FTB,s ?
most of the 10 year fixed deals at good rates need 25%
or even 40% Deposits.
Lots of 5 year fixed deals which would still give you long term security and the time to clear some of the mortgage and even better if you overpaid a little each month ( every penny helps !!! where did I hear that ?)

M347

I have just been offered this 10 yr fixed capital and interest remortgage rate from NatWest (RBS) at 5.1% with £699 and £30 fees (which I will pay up front). Decreasing ERC apply but you are allowed to pay over and above @ 10% annually which suits me and no tie in period at the end of the fixed term. Mortgage of £255K required (existing mortgage and 100k required for planned home extension). Equates to £1,650 ish pm.

This is the first deal I have sourced but due to time constraints, wondering whether a better deal can be obtained by using a WOM broker?

Also, does anybody know of a longer term being offered at the moment.

Thanks.

Hippychick

You can port with the abbey and can also overpay by 10% of the balance without penalty each year.

steve237

I am really interested in a 10-year fixed deal, but with 80% LTV it looks like I am going to be unable to do it.

Has anyone managed a decent rate 10-year deal with a bit more than 75% LTV?

jstallan

M347 wrote: »

I have just been offered this 10 yr fixed capital and interest remortgage rate from NatWest (RBS) at 5.1% with £699 and £30 fees (which I will pay up front). Decreasing ERC apply but you are allowed to pay over and above @ 10% annually which suits me and no tie in period at the end of the fixed term. Mortgage of £255K required (existing mortgage and 100k required for planned home extension). Equates to £1,650 ish pm.

This is the first deal I have sourced but due to time constraints, wondering whether a better deal can be obtained by using a WOM broker?

Also, does anybody know of a longer term being offered at the moment.

Thanks.

Are you an existing customer ?