West Bromwich ten-year fixed rate mortgage on offer
www.moneynews.co.uk > Mortgages > West Bromwich ten-year fixed rate mortgage on offer
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Money News |
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West Bromwich ten-year fixed rate mortgage on offer
Fri 20th Jan 2006
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The government and other influential commentators have for some time promoted the benefits of long-term fixed rate mortgages.
Now customers will be able to benefit from a West Bromwich ten-year fixed rate mortgage that offers a best buy rate of 4.69 per cent.
The building society claims the mortgage plan represents "fantastic value for money" and that it beats the best five-year fixed rate offers around.
As well as an attractive rate, the West Bromwich ten-year fixed rate mortgage a loan value of up to 95 per cent, an arrangement fee of £449, free legal fees for remortgage customers and flexibility regarding underpayments, overpayments and payment holidays.
According to Stephen Karle, operations director at the lender, the launch of the West Bromwich ten-year fixed rate mortgage reflects the building society's "agility" in reacting to the recent fall in money market rates getting to market quickly by quickly offering its customers "market-leading products."
He said: "For some time, there have been calls for long-term fixed rate mortgages because of the protection they provide from fluctuations in interest rates.
"For first-time buyers there is the assurance of letting borrowers know exactly how much they will pay over the term of the mortgage while having the further advantage of allowing for stable financial planning."
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