Fixed Rate Mortgages

Leeds Building Society has launched a 10-year fixed rate mortgage at only 5.54%. There is no higher lending charge, the product is available up to 90% loan to value and 10% capital repayments are allowed each year, without penalty.

Available from today, Abbey is launching updates to existing mortgage range including a five-year fixed rate stepped mortgage across all channels and a two-year tracker through its direct channels.

Leeds Building Society has launched a range of new 3-year fixed rate mortgages available up to 100% loan to value and a fee free option, for customers who require help with up front costs.

Standard Life Bank has launched an Offset feature on all new 2 year fixed rate residential mortgages.

Newcastle Building Society has added to its mortgage range with the launch of a new two-year fixed-rate mortgage at a market-leading rate of 5.22% until 30th April 2009.

Bradford & Bingley has launched a range of 10-year fixed rate mortgages that carry early repayment charges for the first five years of the mortgage term only.

Alliance & Leicester is launching a highly competitive new range of mortgages, which are available from Monday 2 April and include:

Scarborough Building Society has this week launched a highly competitive range of 10-year fixed rate mortgages, giving borrowers the peace of mind of controlled mortgage payments over the longer term.

Commenting on the launch of Nationwide’s new 25 year fixed rate mortgage, Ray Boulger, Senior Technical Manager at independent mortgage broker John Charcol, said:

Julia Harris, mortgage analyst at moneyfacts.co.uk, comments: “The new Nationwide 25-year fixed rate mortgage is competitive when compared with other long-term fixed rates, particularly for those with a 10% deposit. It comes with a fee of £599 (and a £200 discount for existing members), which is not out of line, especially when you take into account some of the four figure or percentage based fees that we are now seeing for short term deals.

With another potential Bank of England Base Rate hike on the horizon, Scarborough is offering borrowers the opportunity to fix for peace of mind – with a market-leading rate to boot.

Abbey has announced the launch of a number of competitive new mortgage deals. These mortgages are available from 21 March 2007.

Nationwide Building Society has announced the launch of an innovative new 25 year fixed rate mortgage. Benefits of the product include a low rate (from 5.49%), the security of fixed payments and flexibility – there are no early repayment changes after the first 10 years – making it an ideal choice for first time buyers or borrowers moving home who still have a term of at least 25 years.

Leeds Building Society has launched a new self-cert 3-year fixed rate mortgage at only 5.79%. The product has no higher lending charge, is available up to 80% loan to valuation and allows 10% capital repayments each year without penalty.

Denise Blake, mortgage analyst at Moneyfacts.co.uk, comments: “Following the shock base rate rise in January, fixed rate mortgages flew off the shelves as consumers rushed to get their hands on existing fixed rate deals before they were pulled. But with base rate remaining unchanged now for the last two months, some level of stability has returned.