by Aaron Strutt

Oct 19 2018

At least 20 mortgage lenders are still offering sub-2% five-year fixes despite the Bank of England's recent base rate rises.

Skipton Building Society, Santander, HSBC, Barclays, TSB and Metro Bank are just some of the lenders still offering incredibly low five-year fixed rate mortgages.

Trinity Financial has access to Santander for Intermediaries exclusive broker-only rate at 1.84% and it is fixed until 02 December 2023. 

At the end of the fixed period, the mortgage reverts to the bank's standard variable rate which is currently 4%. The overall cost for comparison is 3.23% APRC.

The mortgage has a £1,499 arrangement fee, and applicants will need a 40% deposit to qualify. Early repayment charges apply for the fixed period and the maximum loan is £1 million.

Aaron Strutt, product director at Trinity Financial, says: “If you are planning to stay in your property and looking for longer-term payment security, the banks and building societies are still working hard to tempt new borrowers with attractive rates.

“If you have a larger mortgage loan or you are looking for a flexible product where you are not locked in, the two-year fixes and trackers are around 0.5% cheaper than many of the five-year fixes.”

There are more than 15 lenders offering ten-year fixes but the rates are typically at least 1% higher than the five-year deals.

Call Trinity Financial on 020 7016 0790 to secure a longer-term fixed rate