20 Year Fixed Rate Mortgages
The interest rate will be fixed for a set period at the start of your mortgage. A fixed rate mortgage could be an appropriate choice if you want to be certain that your monthly repayments are going to stay put for a fixed period. The standard minimum advance is £20,000 (unless stated otherwise).
All you need to know about Fixed rate mortgages
Fixed for 20 years
| Initial Rate | Then changing for remaining term to | The overall cost for comparison is |
|---|---|---|
| 5.99% | 7.05%, variable | 6.3% APR |
| Reservation fee - £595 | Legal fees paid for remortgages or £200 cash back | One free standard mortgage valuation | Early redemption charge of 6% will apply if you redeem your mortgage before 31/07/2028 | | Legal fees paid for remortgages or £200 cash back | Minimum loan size £75,000 | LTV 75% |
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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
10% penalty-free capital repayment per annum facility available (subject to £10,000 maximum)