Mortgage rates over a 5 year fixed term can offer home-owners security.

With mortgage rates over a 5 year fixed term you can be safe in the knowledge that your mortgage repayment will remain at the same monthly level over an agreed period.

Many house-holders want the security that mortgage rates over a 5 year fixed term offer. In these tough economic times many home-owners want to know that they will pay exactly the same amount each month until the end of the agreed fixed period.

Regardless of what the Bank of England does with the base rate, those on a 5 year fixed rate mortgage will pay no more each month than their agreed rate. Those choosing a 5 year fixed deal could also avoid increased costs should interest rates begin to rise in the next 2 to 3 years.

The are various 5 year fixed rate mortgages on offer from different lenders.

For deals at under 4 % the Post Office offer a 5 year fixed product for 75 % LTV at 3.59 %, Market Harborough Building Society's 5 year deal has a slightly higher LTV at 80 % with a rate offered at 3.99 %.

For deals at over 4 %, the Co-operative has a product for 85 % LTV at 4.19 %, First Direct offer a deal at 90 % LTV at 4.99 % and with a higher LTV level of 95 % the Leeds Building Society offer a rate at 5.99 %.

For the best mortgage rates over a 5 year fixed term talk to Deal Direct. We are familiar with different mortgage providers lending criteria and we are best placed to source you a competitive deal.

Please note: Any rates or deals mentioned in this article were available at the time of writing.

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