Fixed Rate Mortgage Offers This Month

Will mortgage costs start to rise in 2017? Should you sign up to a fixed rate deal now? This article previously spoke about record low mortgage offers with HSBC offering a record low 0.99% 2 year fixed rate deal. HSBC have now pulled that deal from the market due to rising costs. The worry for borrowers is that other lenders will follow HSBC’s lead and start to increase borrowing rates as well. Average mortgage rates are still at all time lows but there is evidence that costs are starting to creep up. With this in mind, now might be the right time to switch to a fixed rate deal.

In this article we review the best fixed rate mortgages available in the market to first time buyers (10% deposit) and those remortgaging (40% deposit). For the purpose of calculating repayments and costs we’ve assumed a house value of £250,000 and a 25 year mortgage.

 

mortgage 4

 

Fixed Rate Mortgages

1) 2 Year Fixed

40% deposit


Halifax

Has a two-year fix at 1.09% with £1,590 in fee’s. Monthly repayments would be £571.44 with a total first year cost of £7,652.28 including fees. This offer is available direct from Halifax or via a broker.


Yorkshire Building Societyyorkshire

Has a 25 month fix at 1.16% with £1,730 in fee’s. Monthly repayments would be £576 with a total first year cost of £7,750 including fees. This offer is only available direct from Yorkshire Building Society.


Chelsea Building Society
chealsea logo

1.17% fixed for 25 months with £2,020 in fee’s. Monthly repayments of £577 and a first year total cost of £7,890 including fee’s. This offer is only available direct from Chelsea Building Society.


First Directfirst direct logo

First Direct offers a 1.18% fixed for 2 years with £1,450 in fee’s.Monthly repayments of £578 and a first year total cost of £7,660 including fee’s. This offer is only available direct from First Direct.


10% deposit


Barclaysbarclays logo

1.54% fixed for 24 months. £1,450 in fee’s. Monthly repayments of £904.09 for 24 months and a first year total cost of £11,574.08 including fees. This offer is available direct from Barclays Bank or via a broker.


First Directfirst direct logo

First Direct offer a 2 year fix at 1.89% with £1,677 in fees. Monthly repayments would be £941 for 24 months with a total first year cost of £12,130.5 including fees. This offer is only available direct from First Direct.


Co-Op Bank

The Cooperative Bank a 25 month fix at 1.94% with £1,679 in fees. Monthly repayments would be £947 for 25 months with a total first year cost of £12,020 coop bankincluding fees. This offer is only available direct from The Cooperative Bank.


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2) 3 Year Fixed

40% deposit


HSBChsbc-logo

1.44% fixed for 39 months. £976 in set up fee’s. Monthly repayments of £596 for 39 months and a first year total cost of £7,450 including fees. This offer is only available direct from HSBC Bank.


Yorkshire Building Society yorkshire

1.48% fixed for 37 months. £1,230 in fee’s. Monthly repayments of £599 for 37 months and a first year total cost of £7,580 including fees. This offer is only available direct from Yorkshire Building Society.


Chelsea Building Society chealsea logo

Has a 37 month fix at 1.49%. £1,320 in fees. Monthly repayments would be £599 for 37 months with a total first year cost of £7,620 including fees.  This offer is only available direct from Chelsea Building Society.


10% deposit


Barclaysbarclays logo

2.09% fixed for 36 months. £1,074 in fee’s. Monthly repayments of £963.56 for 24 months and a first year total cost of £11,574.08 including fees. This offer is available direct from Barclays Bank or via a broker.


Coventry Building Society coventry

2.29% fixed for 3 years. £1,007 in fee’s. Monthly repayments of £986 for 36 months and a first year total cost of £12,160 including fees. This offer is only available direct from Coventry Building Society or via a broker.


Accord accord

2.37% fixed for 40 months. £1,230 in fee’s. Monthly repayments of £995 for 40 months and a first year total cost of £12,310 including fees. This product is only available via authorised brokers.


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3) 5 Year Fixed

40% deposit


Tesco Bank tesco bank

Tesco Bank has a 61 month fix at 1.78%. £1,020 in fees. Monthly repayments would be £620 for 61 months with a total first year cost of £7,640 including fees. This offer is only available direct from Tesco Bank

 


HSBC
hsbc-logo

HSBC has a 63 month fix at 1.79%. £976 in fees. Monthly repayments would be £621 for 63 months with a total first year cost of £7,630 including fees. This offer is only available direct from HSBC Bank


Skipton Building Society
skipton-building-society-logo

1.79% fixed for 62 months with £2,001 in fee’s. Monthly repayments of £621 and a first year total cost of £7,830 including fee’s. This offer is only available direct from Skipton Building Society or via a broker.


10% deposit


Barclaysbarclays logo

2.2% fixed for 5 years. £1,324 in fee’s. Monthly repayments of £975.73 for 60 months and a first year total cost of £12,370.76 including fees. This offer is available direct from Barclays Bank or via a broker.


First Directfirst direct logo

First Direct offer a 5 year fix at 2.74% with £1,450 in fees. Monthly repayments would be £1,037 for 24 months with a total first year cost of £12,730 including fees. This offer is only available direct from First Direct.


the west bromThe West Brom

The West Brom has a 5 year fix at 2.79% but only £430 in fees. Monthly repayments would be £1,043 for 61 months with a total first year cost of £12,600 including fees. This offer is only available direct from The West Brom.


Mortgage Deals

 

Fixed Mortgages

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