Newcastle launches a 10-year fixed rate mortgage
Newcastle Building Society has launched a 4.49% 10-year fixed rate mortgage with early repayment charges for the first five years.
Borrowers will need at least a 20% deposit to access this rate and it has a £598 arrangement fee. The APR is 5.2% and after the fixed rate the mortgage reverts to the lenders standard variable rate, currently 5.99%.
Trinity Financial has access to more lenders offering 10-year fixes and one is priced below 4pc.
The majority of our clients are taking two and five year fixes as they are the most competitively priced. At the moment there is often a large price to pay for long term payment security.
To secure a ten-year fixed rate, call Trinity Financial on 020 7016 0790.
May 16, 2014
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