10 Year Fixed Rate Mortgages
10 Year Fixed Rate Mortgages - 10 year fixed rate mortgages are mortgages with a fixed interest rate for 10 years. 10 year fixed rate mortgages will usually charge an early redemption fee if the borrower remortgages before the end of the first 10 years. In general, 10 year fixed rate mortgages will move to the lender’s Standard Variable Rate (SVR) after the first 10 years, at which point many borrowers will remortgage to take advantage of lower rates elsewhere.
10 year fixed rate mortgages give assurance to borrowers that their interest rate repayments will stay the same for 10 years and facilitate long term budgeting. Unfortunately, it may be difficult to predict whether a 10 year fixed rate mortgage will be competitive over the entire 10 year fixed term. However, for many borrowers, the predictability of 10 year fixed rate mortgages may outweigh any disadvantage. In addition, if rates are historically low and rise for the rest of the term, 10 year fixed rate mortgages can be highly competitive.
At Capital Fortune, we have substantial experience arranging 10 year fixed rate mortgages for clients with a range of needs and requirements. We undertake a whole of mortgage market search on behalf of clients to find the most suitable and affordable 10 year fixed rate mortgages for their individual circumstances.
To ensure maximum cost-effectiveness, we carefully analyse the available 10 year fixed rate mortgages for hidden costs and charges. In addition, our well established industry contacts allow us to access some deals that are not available on the high street.
Call our mortgage broker team now on 020 3 216 2037 or complete the Mortgage Enquiry Online. As part of our service, we will call you back