Is Yorkshire's 10 year fixed rate mortgage at 3.99% a good deal?

The Yorkshire BS has a 10 year fixed rate mortgage at under 4%. In addition to a low rate for a longer term fix, the lender is also charging a low fee to make the deal even more appealing.

If you are looking for long term security, a 10 year fixed rate mortgage could be right for you. Circumstances can change though so for a quote and advice call Deal Direct on 0800 048 8828.

There is a growing trend amongst home-owners for longer term mortgage protection from rate increases. At 3.99% with just a 25% deposit and a low £130 fee, Yorkshire's 10 year fix certainly does look appealing.

It is competitive against the wider market, especially when you consider other longer term deals come with fees of up to £2,000.

Seek advice before entering into a longer term fixed deal.

However before rushing ahead seek advice. There could be a more appropriate mortgage out there, as while the rate is good and fees are low there is an early redemption charge to pay.

Yorkshire's ERC starts at 7% of the balance outstanding and remains at this level for the first 3 years, after this time it reduces on a annual basis to 1% in the final year.

Can you be sure that you will want to remain in the same property for the next ten years? Moving before the end of the term could cost you dearly.

At Deal Direct our advisers can review your circumstances to help you work out if Yorkshire's 10 year fixed rate mortgage is the right deal for you. We can review the entire UK market to see if there is more appropriate and affordable mortgage on offer. It there isn't we can help you apply for this 10 year fix.

Contact Deal Direct on 0800 048 8828.

We offer up to date advice and a low rate quote.