New 10 year fixed rate mortgages from Halifax and Lloyds | AdminBox

New 10 year fixed rate mortgages from Halifax and Lloyds

New 10 year fixed rate mortgages from Halifax and Lloyds

Halifax and Lloyds Bank have launched new 10 year fixed-rate mortgages. According to analysts, interest rates may be set to rise in the near future, so it may be worth locking in a fixed rate now. However, beware the exit fees if you decide to go for a ten-year fix. It's probably only for those intent on staying in their current home and not moving within ten years.

Under normal circumstances, fixed-rate mortgage deals last for up to five years after which you are automatically moved onto a variable rate unless you arrange a different deal. The new deals from Halifax and Lloyds Bank are at the top of the best buys for long term fixed rate mortgages, according to industry experts.

Halifax

2.69% with a 40% deposit and £995 fee; as well as 2.89% with a 25% deposit and £995 fee. 

Lloyds Bank

2.42% with a 40% deposit and £995 fee; as well as 2.64%, with a 25% deposit and £995 fee.

  • 11 Jul 2018
  • By: Paul Chapman